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Pathway to tax reform
Pathway to tax reform Congress considers plan for pursuing comprehensive tax reform in 2013. August 9, 2012 By Annette Nellen, Esq., CPA To date, the tax committees of the 112th Congress have held...
View ArticleTax Reform Road Map for the Middle Market
As the pace of serious discussions on tax reform picks up, it is evident that small businesses and global multinationals are making their voices heard, while the middle market is getting lost in the...
View ArticleOil and Gas Tax Benefits
Direct participation in oil and gas can generate several tax benefits. These benefits range from large up front deductions for intangible drilling costs (IDC), to tax credits for the development of...
View ArticleIRS Announces 2018 Estate And Gift Tax Limits: $11.2 Million Per Couple
It’s official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual can leave $5.6 million to heirs and pay no federal...
View ArticleTax Advantages
Congressional Incentives Encourage Domestic Petroleum Development Oil and Natural gas from domestic reserves helps to make our country more energy self-sufficient by reducing our dependence on foreign...
View ArticleDetails of tax reform legislation revealed
The House Ways and Means Committee released draft tax reform legislation on Thursday. The Tax Cuts and Jobs Act, H.R. 1, incorporates many of the provisions listed in the Republicans’ September tax...
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Things Taxpayers Should Keep In Mind While Waiting On Their Refund
The tax deadline is close, and many of you must be excited to receive your tax refunds. As we all know that the IRS processes most of the refunds within 21 days of filing, but there are always some...
View ArticleTax reform, lower rates among top legislative goals
Tax rates should be no higher than 25% for both individual and corporate taxpayers, Rep. Paul D. Ryan, R-Wis., told members of the AICPA’s spring Council meeting Tuesday in Washington. Ryan, chairman...
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How Tax Reform Affects IRS Moving Deductions
Often people end up changing cities for a better job opportunity or simply because they are expanding or shifting their existing business. Such a move comes paired with certain financial and emotional...
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