Tax Legislation & Proposals

Setting communities up for the secure act. In December of 2019, the House of Representatives and the Senate passed the Secure Act, which was subsequently sent to President Trump for signature. The final bill was signed on December 20, 2019 which i... Read More

Rules eliminate estate and gift tax clawback. IRS Reg-106706-16, amending Regs. Sec. 20.2010-1 to conform with the temporary increase in the basic exclusion amount for estate and gift tax enacted by the legislation known as the Tax Cuts and Jobs A... Read More

Congress approves IRS reform bill. After years of under funding the IRS, last fall the IRS decided to start providing the IRS with funds to increase the Collection Activities of those who have fallen behind on back tax debt. It seems that after ye... Read More

Surprising tax bill for some. After Mr. Heading's death, his sons began getting an annual survivor benefit paid to many families who have lost active duty service members--often called Gold Star families. Last year, that benefit was about $29,300.... Read More

Tax cuts and jobs act additions. Many aspects of the Tax Cuts and Jobs Act have been changed, or modified, prior to the actual implementation of the final bill, that what was discussed in the Presidential Campaign's, then after the election of ... Read More

Tax Cuts and Jobs Act. It changed an awful lot of the Internal Revenue Code. Getting familiar with the changes will take some time, but knowing many of the changes, especially is you are doing your own taxes, is essential, to do them right. Her... Read More

Millions hit with surprise tax bill. With all the campaign rhetoric about tax reform, tax relief for the middle class, it has come to the attention of many tax companies, that many exceptions exist to the tax law, and many Americans are getting ... Read More

Another election tax bill. Looks like its on the way. House Republicans are gearing up for a vote on a second round of tax cuts, to make permanent some of the tax cuts they previously passed. They are calling this tax reform 2.0 Another election t... Read More

  Private tax collectors using wrong tactics again. The private tax collectors that the current Congress has let loose on the American public are using illegal tactics, again. It seems that history is quickly forgotten. For it was under President ... Read More

Tax law changes. The Internal Revenue Service has provided guidance for taxpayers and employers about changes from the tax law changes that impact, move related expenses, un-reimbursed employee expenses, and vehicle expenses. The tax law changes s... Read More