Tax News

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Disclaimer: Before relying on information provided on this site, contact a tax professional to discuss the implications to your particular tax situation as it is not possible to provide comprehensive tax advice over the internet.

Judy Vorndran to present state impact of federal tax reform to Boulder Bar

Judy Vorndran heads to Boulder, Colo., on Wednesday, April 25 to present Federal Tax Reform and its impact on State and Local Taxes to members of the Boulder Bar Association.

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IRS attacks bogus returns and exposes dirty scoundrel schemes

Educate yourself to best guard against scammers that perpetrate tax fraud.

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Rate cuts and rapid reform at the state level

A number of states have moved rapidly to respond to federal tax reform with measures.

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LB&I's newest compliance campaigns in issue-based examinations

IRS announces rollout of five large business and international compliance campaigns.

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US Solicitor General voices state support in Wayfair

The U.S. Solicitor General Noel Francisco says he will get his time before the U.S. Supreme Court to voice support of South Dakota in upcoming oral arguments in South Dakota v. Wayfair (Wayfair). If the Supremes agree, states could receive the green light to require the collection of sales and/or use tax from internet sellers.

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Liberalized Sec. 179 and 100% Bonus Depreciation

Capital intensive companies can see significant tax savings from the liberalization of Sec. 179 expensing elections and temporary 100% bonus depreciation provisions.

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Pass-through provisions of the TCJA: The devil is in the details

The Tax Cuts and Jobs Act gives a deduction based on a noncorporate owner’s qualified business income (QBI). It’s available to individuals who own interests in pass-through business entities.

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The unfinished business of tax reform

The new tax legislation is not the end of needed tax reform. There remains more work to be done on the U.S. tax code.

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