Federal Tax Legislation

Stay informed of important developments in tax legislation. Key items include guidance and new rules involving tax reform, international taxation and partnerships.

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Federal Tax Updates (Full-Day Course)

More than ever, this year promises to be one with lots of questions from your clients. Find your way through the uncertainty with this 8-hour CPE webinar.

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Recent Legislation

2019 Year-End Tax Planning

Updated: Nov. 7, 2019

Over 2018 and 2019, tax professionals have been grappling with the new landscape of taxation under the Tax Cuts and Jobs Act. Laptop batteries have drained, reams of paper have been used, and eyes have gone dry all across the country in researching ways to help clients maximize their tax savings. As was said last year, many of the old strategies for advising clients at year-end have been blunted by the landmark tax reform act. However, there are still numerous steps to take in late 2019 and early 2020 to boost the refund, or reduce the amount due, on returns filed in 2020. Many of the classic deferral and acceleration tactics can still produce results, but in new and different ways. And there is still time to take care of them, if you act fast!

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2019 Post-Filing Season Update

Updated: April 18, 2019

The week of April 15 marks the end of the filing season for the 2018 tax year. Most individual returns were due on April 15, with some taxpayers in certain parts of the country extended to April 17 due to local holidays. It was an interesting and unique filing season, full of complications and confusion due to tax reform and the federal government shutdown. But, now it's over (or, at least, extended to the fall). Time to take a breath and see what you missed over the last few months. The IRS, Treasury, and the courts have been busy, especially during March, releasing new guidance and issuing opinions that affect the 2019 tax year and beyond.

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2018 Tax Year-In-Review

Updated: Jan. 8, 2019

In review of the most significant tax-related developments of 2018, most notable is the year-long and ongoing effort toward tax reform implementation. The Tax Cuts and Jobs Act (TCJA), enacted in late December 2017, was the most sweeping overhaul of the tax code in over thirty years. Nearly every taxpayer is impacted by the new tax law, and practitioners are working to understand its varying impact on both their own professional planning as well as client-specific tax planning and return preparation. Although a large volume of TCJA-related guidance was released by the IRS in 2018, additional tax reform guidance is expected to be unveiled and finalized throughout 2019.

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