IRS

THE TAX CUT AND JOBS ACT – OVERVIEW

Introduced as the Tax Cuts and Jobs Act, the “Act to Provide for Reconciliation Pursuant to. Titles II and V of the Concurrent Resolution on the Budget for Fiscal year 2018,” P.L. 115-97 (“Tax Act”), was signed into law by…
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Tax Reform Outlook Remains Uncertain

Lawmakers across party lines agree changes to the Tax Code are needed but appear increasingly at odds with one another over how best to tackle such reform and what progress is being made to achieve it. Add to that mix…
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Trump’s Tax Reform Priorities Unveiled

By Paul Bonner The White House on Wednesday issued President Donald Trump’s goals and key features for tax reform, including slashed corporate tax rates, flattened individual marginal income tax brackets, and repeal of the estate and alternative minimum taxes. Trump…
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Retirement Plan Limits for the Tax Year 2016

On October 21, 2015, the IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2016. Here are the highlights: 2016 Plan Limits