What's new in tax for 2017

Monday, January 16, 2017

Even without the prospect of major changes to the Tax Code from President-elect Donald Trump and the Republican-controlled Congress, practitioners still have to cope with a number of legislative changes that go into effect for the first time this year or apply for the first time for tax returns filed this year.

Robert Trinz, senior analyst at Thomson Reuters Checkpoint compiled this exhaustive list of major changes; for more detail, see his

unabridged article on what’s new here

(Original source: link)

Distribution by former S corporation is part dividend

May 10, 2019

In Rev. Rul. 2019-13, the IRS ruled that a distribution to the sole shareholder of a C corporation was partly a recovery of the former S corporation’s accumulated adjustments account (AAA) and a taxable dividend for the remaining distribution. The company involved was originally a C c…

IRS changes maximum-vehicle-value rule

May 09, 2019

The IRS intends to revise its regulations to make them consistent with the recent statutory changes to the automobile price inflation adjustment in Sec. 280F(d)(7), which affect the vehicle value that applies when valuing employees’ personal use of employer-provided vehicles (Notice 20…

Register