Tax deductions

Because of quirky rules, even profitable teams can generate paper losses that erase the tax bills on an owner’s other business interests.

The Tax Cuts and Jobs Act is having a major impact below the federal level.

A new notice offers details on how the Tax Cuts and Jobs Act is forcing changes in write-offs for items like job-related cars and moves.

New Jersey Attorney General Gurbir Grewal warned the Internal Revenue Service that he will fight any challenge to a law that preserves state and local property-tax deductions.

The House Ways and Means Tax Policy Subcommittee held a hearing Wednesday on how the new tax law is affecting small businesses, hearing testimony from a CPA firm owner and others.

The Internal Revenue Service and the Treasury Department intend to issue proposed regulations to address the deductibility of state and local tax payments.

President Donald Trump’s tax overhaul could wreak havoc on prenuptial agreements across the country — and maybe even his own.

While the IRS audit rate is decreasing, it’s still important to educate your clients on the things that commonly trigger an audit.

The 20 percent pass-through deduction could provide a major benefit for gig economy workers and the self-employed, but there are also some important caveats.

New Jersey Governor Phil Murphy signed legislation to let homeowners declare property taxes as charitable donations deductible on their annual Internal Revenue Service filings.

In a surprise plot twist, President Donald Trump’s new tax law is delivering many of its juiciest benefits to his most vocal critics in Hollywood.

A group of Senate Democrats introduced legislation to revive tax deductions for labor union dues and unreimbursed work expenses that were eliminated by the Tax Cuts and Jobs Act.

The time to start preparing for the TCJA’s affect on individual taxpayers next year is right now.

A Senate hearing Tuesday indicated the politics of the tax overhaul haven’t changed since it passed in December, with Republicans singing its praises as an economist booster and Democrats torching it as a broken promise that mostly benefits the wealthiest.

New reports indicate the effects of the Tax Cuts and Jobs Act on the self-employed are still unclear to many of them.

The software helps taxpayers determine the new Section 199A tax break on qualified business income of partnerships and S corporations under the new tax law.

The Tax Cuts and Jobs Act is forcing companies to reconsider where they are hiring and assigning workers.

Clients need help navigating the TCJA in areas such as philanthropic giving and deductions.

Changes in the Tax Cuts and Jobs Act have created confusion as to what’s deductible.

The Internal Revenue Service updated Friday the tax year 2018 annual inflation adjustments to reflect changes from the recent tax reform law.