January 2019

January 8, 2019: 2019 Standard Mileage R …   Read More >>

December 2018

December 4, 2018 IRS Issues Proposed Reg …   Read More >>

November 2018

November 6 Highlights: IRS Releases 2019 …  

October 2018

October 9 Highlights: Business Travel Per Diem Rates: The IRS has released the 2018–2019 per diem rates for substantiating employee business expenses under IRC Sec. 274(d) for lodging, meals, and incidental expenses incurred while traveling away from …   Read More >>

September 2018

September 11 Highlights: IRS Clarifies D …  

August 2018

August 7 Highlights: IRS Issues Final Charitable Contribution …   Read More >>

July 2018

July 10 – Income Tax—Social Security Disability I …   Read More >>

June 2018

June 5 - IRS to Propose Regulations on State and Loca …   Read More >>

May 2018

IRS Releases Fact Sheet for New Depreciation and Expensing Rules: The IRS has released a fact sheet that highlights new depreciation and expensing rules from the Tax Cuts and Jobs Act (TCJA). Among other things, the maximum Section …   Read More >>

April 2018

April 3, 2018  

March 2018

March 6, 2018 Significant discussion and detailed examples of the new TCJA that went into effect for 2018. Identity Theft—IRS Warns Taxpayers about New Refund Scam: The IRS has alerted taxpayers of a new scam in which criminals …   Read More >>

February 2018 PPC Updates

Income Tax—Custom Home Builder’s Real Estate Ruled Held for Investment: The taxpayer was a custom home developer who purchased undeveloped land through several single-member LLCs separate from his wholly-owne …   Read More >>

January 2018 PPC Updates

Health Care—COD Income Made Taxpayer Ineligible for Premium Ta …   Read More >>

IRS Withholding Tables change for 2018

The new IRS withholding tables were needed to reflect the changes in tax rates and tax brackets, increased standard deduction and repeal of personal exemptions that were included in the new tax reform law signed in December. Acco …   Read More >>


TCJA greatly eases rules for bonus depreciation, Code Sec. 179 expensing and regular depreciation

The Tax Cuts and Jobs Act (TCJA) has effectively lowered the cost of acquiring capital assets by making substantial changes to the income tax rules for bonus depreciation and other “cost recovery.” There's a lot to discuss, but please bear with me. On …   Read More >>