Blog: regulations

 

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IRS to Issue Regulations Addressing $10,000 Limit on State and Local Tax Deduction

Posted on May 24, 2018 by
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Yesterday, the IRS issued Notice 2018-54 and an accompanying news release stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax proposes. As many of you know, the Tax Cuts and Jobs Act (TCJA) limited the amount of state and local taxes an individual can […]

Congress Tries to Stop Quickie Election Rules

Posted on April 28, 2015 by
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Action was taken by the United States Senate seeking to stop the implementation of the “quickie election” regulations scheduled to take effect in April. The Senate passed Senate Joint Resolution 8 to attempt to stall the implementation of these new Rules. While this is an effort that has support from the majority in the Senate […]