Blog: tax

 

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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 […]

IRS Encourages Self-Assessment to Identify Fringe Benefit Errors

Posted on August 3, 2017 by
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As much as I love tax law, filling out another tax form isn’t high on my list of fun things to do.  So when the IRS issues a form that isn’t legally required to complete, should you?  If you are an employer that provides one or more fringe benefits to your employees, you may want […]