Controlled Foreign Corporation Regulations Under TCJA
Under the TCJA, a U.S. person, domestic corporation, partnership, trust or estate that owns at least 10 percent of the value or voting rights in one or more CFCs will be required to include this income as currently taxable income.
U.S. House Approves Three-Part Proposed Tax Reform 2.0 Legislation
By Sept. 28, 2018 all three parts of the proposed tax reform 2.0 legislation (Family Savings Act, American Innovation Act, Protecting Family and Small Business Tax Cuts Act) was passed.
Britt’s current role is the Director of Contract Accounting Services. He manages a team of contract recruiters whose duty is to find resources and talent for temporary or temporary-to-permanent positions.
Charitable Contributions and State and Local Tax Credits
Guidance has been issued by the IRS providing rules on the availability of charitable deductions when a taxpayer receives or expects to receive a corresponding state or local tax credit.
Small Business Accounting Method Changes Under TCJA
Thanks to the Tax Cuts and Jobs Act (TCJA), small businesses can now receive accounting-related relief by using the simpler and more-flexible cash method.
Guidance on New $500 Credit for Certain Dependents
The Internal Revenue Service (IRS) announced that it intends to issue proposed regulations to clarify the definition of “qualifying relative” for the new $500 credit for dependents and head of household filing status.
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