Wolters Kluwer has projected annual inflation-adjusted amounts for tax year 2019. The projected amounts include 2019 tax brackets, the standard deduction, and alternative minimum tax amounts, among others. The projected amounts are based on Consumer Price Index...
New IRS guidance aiming to curb certain state and local tax (SALT) deduction cap “workarounds” is the latest “hot topic” tax debate on Capitol Hill. The IRS released proposed amendments to regulations, REG-112176-18, on August 23. The proposed...
Charles P. “Chuck” Rettig was confirmed as the new IRS Commissioner on September 12. The Senate confirmed the nomination by a 64-to-33 vote. Rettig received both Democratic and Republican support.Senate Finance Committee (SFC) Chairman Orrin G. Hatch,...
