[trx_accordion style=”1″ counter=”off” initial=”1″] [trx_accordion_item][/trx_accordion_item] [/trx_accordion]As a year-end holiday gift, Congress included a number of individual and business friendly tax provisions in its year-end spending package that was signed into law by President Trump on December 20, 2019. The “Further Consolidated Appropriations Act, 2020” (2020 Act) brought back to life many deductions and credits that...
Consolidated Appropriations Act, 2020 – Individuals As a year-end holiday gift, Congress included a number of individual and business friendly tax provisions in its year-end spending package that was signed into law by President Trump on December 20, 2019. The “Further Consolidated Appropriations Act, 2020” (2020 Act) brought back to life many deductions and credits...
Top Tax Developments of 2019 In 2019, a divided federal government managed to pass new tax legislation in June with the Taxpayer First Act, and the IRS kept practitioners busy with an abundance of guidance on several key provisions of the Tax Cuts and Jobs Act of 2017 (TCJA). In addition, the fiscal year 2020...