IRS Tax News – IRS issues new tax rate tables, inflation adjustments for 2018
The IRS announced the new lower tax brackets for 2018 and a number of other new items affected by P.L. 115-97, known as the Tax Cuts and Jobs Act.
Source: IRS Tax News – IRS issues new tax rate tables, inflation adjustments for 2018
IRS Tax News – Longer carried interest holding period includes S corporations
The IRS announced that the new three-year holding period for carried interests applies to S corporations as well as partnerships.
Source: IRS Tax News – Longer carried interest holding period includes S corporations
IRS Tax News – IRS releases updated withholding calculator and 2018 Form W-4
The IRS has completed updating its online withholding calculator that individual taxpayers can use to determine how many withholding allowances they should claim for 2018.
Source: IRS Tax News – IRS releases updated withholding calculator and 2018 Form W-4
IRS Tax News – Partnership audit adjustments addressed in proposed regs.
The IRS issued proposed regulations addressing how partnerships and their partners adjust tax attributes to take into account partnership adjustments under the new centralized partnership audit regime.
Source: IRS Tax News – Partnership audit adjustments addressed in proposed regs.
IRS Tax News – IRS proposes to remove 298 regulations
The IRS is proposing to remove 298 regulations that have no current or future application to the Internal Revenue Code.
Source: IRS Tax News – IRS proposes to remove 298 regulations