Tax Cut & Jobs ACT: PL 115-97, the Tax Law Governing Personal & Business Taxes from 2018 Through 2026

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Publisher : Independently Published
ISBN 13 : 9781726789608
Total Pages : 112 pages
Book Rating : 4.7/5 (896 download)

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Book Synopsis Tax Cut & Jobs ACT: PL 115-97, the Tax Law Governing Personal & Business Taxes from 2018 Through 2026 by : Roy a. Ackerman Ea

Download or read book Tax Cut & Jobs ACT: PL 115-97, the Tax Law Governing Personal & Business Taxes from 2018 Through 2026 written by Roy a. Ackerman Ea and published by Independently Published. This book was released on 2018-10-06 with total page 112 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Tax Cut and Jobs Act changed our tax code. This book will explain the changes and considerations necessary to minimize one's tax bill.

Tax Cuts and Jobs Act Impact

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Publisher : CCH Incorporated
ISBN 13 : 9780808049913
Total Pages : 0 pages
Book Rating : 4.0/5 (499 download)

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Book Synopsis Tax Cuts and Jobs Act Impact by : Robert Watt Jamison

Download or read book Tax Cuts and Jobs Act Impact written by Robert Watt Jamison and published by CCH Incorporated. This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Tax Cuts and Jobs Act is considered the most sweeping tax law change in decades, and for many individuals and businesses the massive and complex changes will have profound impacts. In particular, the multitude of provisions will vastly impact small businesses. How are you helping your small business clients prepare? The all-new CCH(R) AnswerConnect: Tax Cuts and Jobs Act Impact - Guide to Small Business will address concerns and provide in-depth details on the provisions, implications and benefits small businesses may witness as a result of the new Act. Lower individual tax rates, expansion of the IRS Code Sec. 179 deduction, the new 20% deduction on qualified business income (QBI) for certain pass-through entities and the reduced corporate income tax rate are just a few of the big and somewhat complex changes that will be in effect. It's highly recommended that you prepare now to mitigate risks and ensure that your small business clients have a complete understanding of how the Tax Cuts and Jobs Act will significantly impact the way they do business. The CCH Answer Connect Guide on Small Business explains the implications of the changes made by the Tax Cuts and Jobs Act. affecting small businesses. Items in the Act that affect small businesses include, among others, the revised tax rate structure for corporations, the Section 179 deduction, bonus depreciation, luxury car deductions, and the changes made to the taxation of pass-through entities (including the new 20% of QBI deduction available to certain pass-throughs. Other changes are also discussed including the section 199 deduction, the rules for net operating losses, the deductibility of entertainment expenses, the deduction for fringe benefits, the deduction for on-site eating facitlities, the deduction for business interest expenses, and a tax credit for employer-paid wages for medical or family leave.

Tax Cuts and Jobs ACT Impact- Guide to Pass Through Entities

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Publisher :
ISBN 13 : 9780808049890
Total Pages : 0 pages
Book Rating : 4.0/5 (498 download)

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Book Synopsis Tax Cuts and Jobs ACT Impact- Guide to Pass Through Entities by : Robert Watt Jamison

Download or read book Tax Cuts and Jobs ACT Impact- Guide to Pass Through Entities written by Robert Watt Jamison and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Tax Cuts and Jobs Act is considered the most sweeping tax law change in decades, and for many individuals and businesses the massive and complex changes will have profound impacts. The treatment of pass-through entities is one of the many areas where the new Act promises to fundamentally change the approach to tax planning for many business owners. The all-new CCH(R) AnswerConnect: Tax Cuts and Jobs Act Impact - Guide to Pass-Through Entities is focused on the major changes made to the tax rules for pass-through entities, including limited liability companies (LLCs), partnerships, S Corporations and sole proprietorships. Currently, the income from these pass-through entities flows through to the individual owners and is taxed at the individual rate. However, the tax landscape for pass-through entities will change considerably under the new tax law. The CCH Answer Connect Guide on Pass-Through Entites is focused on the major changes made by the Tax Cuts and Jobs Act in the way that business income generated by pass-through entities such as limited liability companies (LLCs), partnerships, S corporations or sole proprietorships is taxed. Under the old law, the net income of these pass-through entities was not taxed at the entity level but was taxed instead by the owners of the business at their individual tax rate. The Tax Cuts and Jobs Act adds a new section to the Code which provides that a non-corporate taxpayer who has qualified business income from a partnership. S corporation or sole proprietorship may be entitled to an additional deduction.

Law, Explanation and Analysis of the Tax Cuts and Jobs Act of 2017

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Publisher : CCH Incorporated
ISBN 13 : 9781454898757
Total Pages : 416 pages
Book Rating : 4.8/5 (987 download)

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Book Synopsis Law, Explanation and Analysis of the Tax Cuts and Jobs Act of 2017 by : Wolters Kluwer Staff

Download or read book Law, Explanation and Analysis of the Tax Cuts and Jobs Act of 2017 written by Wolters Kluwer Staff and published by CCH Incorporated. This book was released on 2018 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act of 2017 (P.L. 115-97). The Act represents the most sweeping tax legislation in 30 years and will affect nearly every individual, business owner, and corporate taxpayer in the United States. Law, Explanation and Analysis of the Tax Cuts and Jobs Act of 2017: A Guide to the Retirement Benefit Plans, Executive Compensation, Employee Benefits and Payroll Provisions is out in front with expert analysis of the practical effects this law will have on retirement benefit plans, executive compensation, employee benefits and payroll. The new rules present employers, employees, and tax and benefits professionals with potentially difficult decisions. Among the changes demanding immediate attention, the Act: Repeals the rule permitting Roth IRA recharacterizations Imposes an excise tax on the excess compensation of executives of tax-exempt organizations Provides a new income deferral election for qualified equity grants Limits the $1 million deduction limit on executive compensation by removing the exclusion for performance based compensation Expands the contribution options under 529 plans Repeals the limited employer deduction for certain fringe benefits (such as entertainment) Eliminates the deduction for qualified transportation fringe benefits Suspends the income exclusion for moving expense reimbursements Eliminates the individual mandate penalty enacted under the Affordable Care Act Provides a temporary employer credit for paid family and medical leave Substantially alters the personal income tax rates (which will lead to significant modification of the applicable income tax withholding rates) And radically changes the standard deduction and personal exemptions allowed under pre-2018 law. Law, Explanation and Analysis of the Tax Cuts and Jobs Act of 2017: A Guide to the Retirement Benefit Plans, Executive Compensation, Employee Benefits and Payroll Provisions delivers detailed analyses of the provisions of the Act affecting retirement plans, executive compensation, employee benefits and payroll administration. Expert guidance provided by recognized benefits professionals helps you navigate the most pressing issues, including: Advisability of Roth conversions The financial benefits of maintaining a qualified plan The structure of executive compensation arrangements The schedule of compensation payments to executives The viability of employer-provided fringe benefits Income tax withholding The effect the new pass-through rules could have on small employers establishing and maintaining qualified plans And more! Only Law, Explanation and Analysis of the Tax Cuts and Jobs Act of 2017: A Guide to the Retirement Benefit Plans, Executive Compensation, Employee Benefits and Payroll Provisions highlights the immediate impact of key changes, delivering practical guidance you can put into effect today.

A Personal Guide to the Tax Cuts and Jobs Act: What It Means for You

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Publisher :
ISBN 13 : 9780808049685
Total Pages : 0 pages
Book Rating : 4.0/5 (496 download)

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Book Synopsis A Personal Guide to the Tax Cuts and Jobs Act: What It Means for You by : Susan Flax Posner

Download or read book A Personal Guide to the Tax Cuts and Jobs Act: What It Means for You written by Susan Flax Posner and published by . This book was released on 2017-12-29 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Tax Cuts and Jobs Act" is the most significant overhaul of the United States Tax Code in the last 30 years. The new laws will dramatically impact individual taxpayers starting in 2018 and for years to come, regardless of income level. Whether you are married or single, an employee or self-employed, have children or do not have children, this historic legislation will change how you calculate and file your taxes. This publication provides practical, easy-to-understand explanations of the new tax laws and their impact. Specifically, this publication covers changes made by the "Tax Cuts and Jobs Act" to: Tax Rates, Standard Deduction, Itemized Deductions, Mortgage Deduction, Property Tax Deductions, Personal Exemption Deductions, Child Tax Credit, Education Savings and Benefits, Nontaxable Income, Retirement Savings, Alternative Minimum Taxes, Estate and Gift Taxes, Small Business Taxes

United States Code

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Publisher :
ISBN 13 :
Total Pages : 1506 pages
Book Rating : 4.:/5 (327 download)

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Book Synopsis United States Code by : United States

Download or read book United States Code written by United States and published by . This book was released on 2013 with total page 1506 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The United States Code is the official codification of the general and permanent laws of the United States of America. The Code was first published in 1926, and a new edition of the code has been published every six years since 1934. The 2012 edition of the Code incorporates laws enacted through the One Hundred Twelfth Congress, Second Session, the last of which was signed by the President on January 15, 2013. It does not include laws of the One Hundred Thirteenth Congress, First Session, enacted between January 2, 2013, the date it convened, and January 15, 2013. By statutory authority this edition may be cited "U.S.C. 2012 ed." As adopted in 1926, the Code established prima facie the general and permanent laws of the United States. The underlying statutes reprinted in the Code remained in effect and controlled over the Code in case of any discrepancy. In 1947, Congress began enacting individual titles of the Code into positive law. When a title is enacted into positive law, the underlying statutes are repealed and the title then becomes legal evidence of the law. Currently, 26 of the 51 titles in the Code have been so enacted. These are identified in the table of titles near the beginning of each volume. The Law Revision Counsel of the House of Representatives continues to prepare legislation pursuant to 2 U.S.C. 285b to enact the remainder of the Code, on a title-by-title basis, into positive law. The 2012 edition of the Code was prepared and published under the supervision of Ralph V. Seep, Law Revision Counsel. Grateful acknowledgment is made of the contributions by all who helped in this work, particularly the staffs of the Office of the Law Revision Counsel and the Government Printing Office"--Preface.

(Circular E), Employer's Tax Guide - Publication 15 (For Use in 2021)

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Publisher :
ISBN 13 : 9781678085223
Total Pages : 52 pages
Book Rating : 4.0/5 (852 download)

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Book Synopsis (Circular E), Employer's Tax Guide - Publication 15 (For Use in 2021) by : Internal Revenue Service

Download or read book (Circular E), Employer's Tax Guide - Publication 15 (For Use in 2021) written by Internal Revenue Service and published by . This book was released on 2021-03-04 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employer's Tax Guide (Circular E) - The Families First Coronavirus Response Act (FFCRA), enacted on March 18, 2020, and amended by the COVID-related Tax Relief Act of 2020, provides certain employers with tax credits that reimburse them for the cost of providing paid sick and family leave wages to their employees for leave related to COVID‐19. Qualified sick and family leave wages and the related credits for qualified sick and family leave wages are only reported on employment tax returns with respect to wages paid for leave taken in quarters beginning after March 31, 2020, and before April 1, 2021, unless extended by future legislation. If you paid qualified sick and family leave wages in 2021 for 2020 leave, you will claim the credit on your 2021 employment tax return. Under the FFCRA, certain employers with fewer than 500 employees provide paid sick and fam-ily leave to employees unable to work or telework. The FFCRA required such employers to provide leave to such employees after March 31, 2020, and before January 1, 2021. Publication 15 (For use in 2021)

TAXES Are EASY

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Publisher : Michael D Meyer, EA
ISBN 13 : 9780578630809
Total Pages : 156 pages
Book Rating : 4.6/5 (38 download)

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Book Synopsis TAXES Are EASY by : Michael D Meyer Ea

Download or read book TAXES Are EASY written by Michael D Meyer Ea and published by Michael D Meyer, EA. This book was released on 2020-01-02 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Tax Cuts and Jobs Act" TCJA passed by Congress and signed by President Trump on December 22, 2017, enacted significant tax law changes that began to affect the 2018 tax year. Many of these changes continue through to the 2025 tax year. This book explains 42 topics of TCJA-related changes that could affect your 2019 "U.S. Individual Income Tax Return." The major topic categories explained in the ten chapters are: - The new 2019 IRS Form 1040 and Form 1040-SR with their three new supporting Schedules. - Changes to the 2019 Income Tax Rate Schedules and 2019 Capital Gain Tax Rate Schedule. - Explanations of the 2020 W-4 Withholding calculators and making Estimated Tax Payments. - Personal Exemption, Child Tax Credit, and Credit for Other Dependents changes. - Standard Deduction amounts updated for 2019 and 12 Itemized Deduction changes explained. - Eight Expired, Suspended, Eliminated or Modified Adjustments and Deductions explained. - Six Deductions/Exclusions/Credits restored for the 2018/2019/2020 tax years. - Expanded 529 Qualified Tuition Program plan distributions and ABLE Account contributions. - The Roth IRA recharacterization rules and the Backdoor Roth IRA explained. - Affordable Care Act changes to the Tax Penalty for not having Qualified Health Insurance. - High-Earner income changes to the Kiddie Tax and the Alternative Minimum Tax. - Updated values for the 2019 Estate and Gift Tax and $15,000/year Gift Tax Exclusion amount. - The new 20% Qualified Business Income deduction for unincorporated small businesses with six examples how to calculate this new business deduction, using the new Form 8995-series. - Small business Depreciation rule changes with four examples for business vehicle depreciation in the 2019 tax year, and a discussion of the pros and cons of leasing a business vehicle. - Meals and Entertainment deduction changes for small business. - Like-Kind Exchanges now only allowed for business and investment real estate assets. - Supplemental wages like bonuses now subject to a lower 22% tax withholding rate. - A new chapter on Cryptocurrencies, that explains how they work, the many ways you can acquire a Cryptocurrency, and how the sale, spending, and exchange of Cryptocurrencies is reported on the 2019 tax return. The IRS in 2019 asks if you had virtual currency activity as a Yes/No question at the top of the Schedule 1. The IRS treatment of Cryptos is explained. Each chapter begins with a full TOPICS SUMMARY so you can do a quick review of all 42 of the TCJA-related changes just by reading the first few pages of each of the ten chapters. Throughout the book you will also notice 111 underlined web Hyperlinks to articles, websites and IRS tax forms - linked to Internet research references for most of the topic explanations. The purpose of this book is to give you a very good overview and explanation of 42 of the TCJA-related changes that can affect your 2019 "U.S. Individual Income Tax Return." These changes began with the 2018 tax year with most continuing through to the 2025 tax year.

Technical Information Release

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Publisher :
ISBN 13 :
Total Pages : 194 pages
Book Rating : 4.3/5 (243 download)

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Book Synopsis Technical Information Release by : United States. Internal Revenue Service

Download or read book Technical Information Release written by United States. Internal Revenue Service and published by . This book was released on 1969 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:

TAXES Are EASY

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Author :
Publisher : Michael D Meyer, EA
ISBN 13 : 9780578570259
Total Pages : 102 pages
Book Rating : 4.5/5 (72 download)

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Book Synopsis TAXES Are EASY by : Michael D. Meyer

Download or read book TAXES Are EASY written by Michael D. Meyer and published by Michael D Meyer, EA. This book was released on 2019-09 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt: The "Tax Cuts and Jobs Act" TCJA passed by Congress and signed by President Trump on December 22nd, 2017, enacted significant tax law changes that began to affect the 2018 tax year. Many of these changes continue through to the 2025 tax year. This book explains 41 topics of TCJA related changes that could have affected your 2018 U.S. Individual Income Tax Return.

The Trump Tax Cut

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Publisher : Humanix Books
ISBN 13 : 1630061069
Total Pages : 190 pages
Book Rating : 4.6/5 (3 download)

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Book Synopsis The Trump Tax Cut by : Eva Rosenberg, EA

Download or read book The Trump Tax Cut written by Eva Rosenberg, EA and published by Humanix Books. This book was released on 2018-12-18 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Noted tax expert and award-winning finance author Eva Rosenberg presents one of the first – if not the first – guides to Trump’s newly enacted tax plan, providing individual tax payers with a roadmap to making the most out of this historic tax reform. Part One will provide plain English overview of what’s new and how it will affect individual taxpayers as well as the larger goals of tax reform. Part Two will feature nearly 300 tax tips that will provide specific instructions on how to take advantage of the new tax law.

Effects of the Federal Estate Tax on Farms and Small Businesses

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Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Effects of the Federal Estate Tax on Farms and Small Businesses by : United States. Congressional Budget Office

Download or read book Effects of the Federal Estate Tax on Farms and Small Businesses written by United States. Congressional Budget Office and published by . This book was released on 2005 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Surrogate Foreign Corporations (Us Internal Revenue Service Regulation) (Irs) (2018 Edition)

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Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781729734568
Total Pages : 34 pages
Book Rating : 4.7/5 (345 download)

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Book Synopsis Surrogate Foreign Corporations (Us Internal Revenue Service Regulation) (Irs) (2018 Edition) by : The Law The Law Library

Download or read book Surrogate Foreign Corporations (Us Internal Revenue Service Regulation) (Irs) (2018 Edition) written by The Law The Law Library and published by Createspace Independent Publishing Platform. This book was released on 2018-11-12 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Surrogate Foreign Corporations (US Internal Revenue Service Regulation) (IRS) (2018 Edition) The Law Library presents the complete text of the Surrogate Foreign Corporations (US Internal Revenue Service Regulation) (IRS) (2018 Edition). Updated as of May 29, 2018 This document contains final regulations regarding whether a foreign corporation is treated as a surrogate foreign corporation. The final regulations affect certain domestic corporations and partnerships (and certain parties related thereto), and foreign corporations that acquire substantially all of the properties of such domestic corporations or partnerships. This book contains: - The complete text of the Surrogate Foreign Corporations (US Internal Revenue Service Regulation) (IRS) (2018 Edition) - A table of contents with the page number of each section

Tax Updates Trump Tax to Coronavirus

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Publisher :
ISBN 13 :
Total Pages : 146 pages
Book Rating : 4.6/5 (435 download)

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Book Synopsis Tax Updates Trump Tax to Coronavirus by : Kirk Taylor

Download or read book Tax Updates Trump Tax to Coronavirus written by Kirk Taylor and published by . This book was released on 2020-05-05 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt: Updated as of January 2021 after the $600 stimulus bill. It can be very difficult to keep up with tax rules, especially now when they seem to change every couple of months. Not only that, but they slip tax changes into completely unrelated bills, like they did in December 2019's budget bill! That one contained very big changes, and a lot of them took a while to be discussed in the news. This book covers them all...in English. Designed for individuals and small businesses, the book describes how the law changed, who it applies to, and then gives additional advice on how to use the information presented to get the best tax results. The text is clearly written, easy to follow, and broken up into easily digestible pieces. As a bonus, the book provides a lot of generic tax advice that will make things easier for you, and probably keep you out of trouble. Written by a 25-year Navy Submarine veteran, 20 year tax professional, and an Enrolled Agent. Book is suitable for small businesses filing on Form 1040, Schedule C but not other business entities or businesses with employees.

Small Business Taxes For Dummies

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Publisher : John Wiley & Sons
ISBN 13 : 1119517834
Total Pages : 348 pages
Book Rating : 4.1/5 (195 download)

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Book Synopsis Small Business Taxes For Dummies by : Eric Tyson

Download or read book Small Business Taxes For Dummies written by Eric Tyson and published by John Wiley & Sons. This book was released on 2019-02-12 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Small business taxes taxing you out? For most business owners, their single biggest “expense” (and headache) is dealing with their taxes. And while the just passed Congressional tax bill reduced taxes for many of the estimated 30 million small business owners in the U.S., the nation’s taxes continue to be complex. Not being up-to-speed on tax rules and strategies can lead to mistakes that cost business owners thousands of dollars in fines and penalties every year. Small Business Taxes For Dummies assists both current and aspiring small business owners with important tax planning issues, including complete coverage of the tax changes taking effect in 2018, creating an ongoing tax routine, dealing with the IRS, and navigating audits and notices. Includes issues influencing incorporated small businesses, partnerships, and LLCs Offers expanded coverage of other business taxes including payroll and sales taxes Provides websites and other online tax resources Gives guidance to millennials juggling multiple gigs If you’re a current or aspiring small business owner looking for the most up-to-date tax planning issues, this book keeps you covered.

U.S. Master Tax Guide, Special Edition: Tax Cuts and Jobs Act

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Publisher : U.S. Master Tax Guide
ISBN 13 : 9780808049777
Total Pages : 0 pages
Book Rating : 4.0/5 (497 download)

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Book Synopsis U.S. Master Tax Guide, Special Edition: Tax Cuts and Jobs Act by : CCH Tax Law

Download or read book U.S. Master Tax Guide, Special Edition: Tax Cuts and Jobs Act written by CCH Tax Law and published by U.S. Master Tax Guide. This book was released on 2018-05-31 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Master Tax Guide (2018) Special Edition- Tax Cuts and Jobs Act provides helpful and practical guidance to help prepare to comply with these significant and historic changes to the tax law. This Special Edition reflects the pertinent federal taxation changes that came into effect for tax years after 2017 and provides fast and reliable answers to tax questions affecting individuals and business income tax.

Elkins' Guide to Tax Cuts and Jobs Act

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Publisher :
ISBN 13 : 9781723969126
Total Pages : 131 pages
Book Rating : 4.9/5 (691 download)

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Book Synopsis Elkins' Guide to Tax Cuts and Jobs Act by : Tim Elkins

Download or read book Elkins' Guide to Tax Cuts and Jobs Act written by Tim Elkins and published by . This book was released on 2018-09-24 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Elkins' Guide - "Tax Cuts and Jobs Act" - provides readers with not only details of the Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017, but also discusses provisions of the Bipartisan Budget Act of 2018, as well as the Disaster Tax Relief and Airport and Airway Extension Act of 2017. Most of the discussion in the Guide is about provisions of the TCJA. However, tax laws that had expired in 2016, but were retroactively extended to 2017 and 2018 by the Bipartisan Budget Act of 2018, which was passed in February, 2018, are also discussed. The Airport and Airway Extension Act of 2017, which was passed on September 9, 2017, provided temporary tax relief to victims of Hurricanes Harvey, Irma, and Maria and the California wildfires. Other laws that are mentioned in the Guide include the 21st Century Cures Act passed in December 2017, which allows small employers that do not maintain group health plans to establish stand-alone HRAs that are called Qualified Small Employer Health Reimbursement Arrangements (QSEHRA). Also, the Federal Register Printing Savings Act of 2017 is mentioned, which delayed until 2022 implementation of the "Cadillac" tax on employers for excess employer-sponsored health insurance coverage. Every effort has been taken to make the Elkins' Guide - "Tax Cuts and Jobs Act" - easy to understand. The intent was to write the book in plain, understandable English, trying to make the complicated tax laws and regulations easier to grasp. The contents of the Guide are cross-indexed to other Sections in the Guide that may provide further explanations without readers having to search for the information. In addition, the Guide includes "links" that readers can "click on" and their computer will take them directly to PDFs of applicable IRS forms, publications, court cases, and proposed regulations. Of course, this can only be done if you have the Kindle version of the Guide, but the links are shown in the printed version, so all you have to do is type in the links on your computer.