GOP to Move Tax Bills During Lame-Duck Session
Congressional Republicans are looking to move forward with certain
legislative tax efforts during Congress’s lame-duck session. The
House’s top tax writer, who will hand the reins to Democ...
Brady: New Middle-Income Tax Cut Conditionally Expected in 2019
A new, 10 percent middle-income tax cut is conditionally expected
to be advanced in 2019, according to the House’s top tax writer.
This timeline, although largely already expected on Capitol Hil...
Rettig Wants to Modernize IRS and Continue to Implement TCJA
IRS Commissioner Charles Rettig gave his first speech since being
confirmed as the 49th chief of the Service at the American
Institute of CPAs (AICPA) November 13 National Tax Conference in
Washington...
AICPA, ABA Urge Extensive Changes to Proposed Transition Tax Rules
The American Institute of Certified Public Accountants (AICPA) and
the American Bar Association (ABA) Section of Taxation are urging
the IRS to make extensive changes to proposed "transition
tax"...
Inflation adjustments may generate tax savings in 2012
The IRS recently announced that inflation is increasing many dollar
amounts in the Tax Code for 2012. For taxpayers, the
inflation adjustments may help reduce their overall tax liability
in 2012...
Year-end charitable giving can benefit your tax bottom-line
Charitable contributions traditionally peak at the end of the
year-end. While tax savings may not be your prime motivator for
making a gift to charity, your donation could help your tax
bottom-line fo...
How do I? Avoid pitfalls within a flexible spending account?
Under a flexible spending arrangement (FSA), an amount is credited
to an account that is used to reimburse an employee, generally, for
health care or dependent care expenses. The employer must
maintai...
FAQs: When can I deduct job-hunting expenses?
Job-hunting expenses are generally deductible as long as you are
not searching for a job in a new field. This tax benefit can be
particularly useful in a tough job market. It does not matter
whether y...
2011 year-end tax planning for individuals in a changing landscape
2011 year end tax planning for individuals lacks some of the drama
of recent years but can be no less rewarding. Last year,
individual taxpayers were facing looming tax increases as the
calendar...
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