IRS Issues Second Round of Proposed Regulations on Opportunity Zones
The Internal Revenue Service today issued a highly anticipated package of proposed regulations on the Opportunity Zone tax incentive.
Browsing: Tax reform
ABA Supports Bill to Make 199A Tax Deduction Permanent for S-Corps
The American Bankers Association today joined more than 100 trade organizations in a letter of support for H.R. 216, the Main Street Tax Certainty Act of 2019—a bipartisan bill introduced by Reps. Jason Smith (R-Mo.) and Henry Cuellar (D-Texas) in the House.
White House Economist: Economy on Track for 3 Percent Growth
White House Council of Economic Advisers Chairman Kevin Hassett today said that the U.S. economy appears to be “on track to have a 3% year” in terms of economic growth.
IRS Issues Proposed Regulations on BOLI Transfers
The Internal Revenue Service and the Treasury Department has issued proposed regulations related to new reporting rules for certain transfers of life insurance policies that were included in the 2017 tax reform law.
Lands of Opportunity
How a new tax incentive could drive commercial lending in rural communities.
IRS Proposes Rules for 199A Deductions for Certain Trusts
In addition to final rules generally concerning 199A qualified business income deductions, the IRS last Friday concurrently issued proposed rules addressing how the deduction would affect charitable remainder trusts, split-interest trusts and regulated investment companies.
IRS Issues Final Rules on Pass-Through Deduction for S-Corp Banks
While generally positive, preliminary analysis of the final pass-through rules suggests mixed results for a few issues of concern to S-corp banks.
ABA Offers Feedback on Proposed Opportunity Zone Rules
The American Bankers Association last week submitted a comment letter to the Internal Revenue Service offering feedback on proposed regulations related to the Opportunity Zone tax incentive.
IRS Issues Highly Anticipated Base Erosion Proposal
The Internal Revenue Service on Thursday issued a long-awaited proposal interpreting a section of last year’s tax reform law that seeks to combat tax avoidance through deductible payments made in the U.S. into other tax jurisdictions
Trump Creates Council on Opportunity Zones
President Trump today signed an executive order creating a new council that will help ensure the success of the Opportunity Zones tax incentive.