Proposed Regs Provided for Code Sec. 163(j) Limit The IRS has proposed regulations on the limitation on the business interest expense deduction under Code Sec. 163(j), as amended by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has is...
Brady Introduces Revised Tax, IRS Reform Package The House’s top Republican tax writer has introduced a revised tax and IRS oversight package. The “tweaked” 253-page package addresses retirement savings, disaster relief, IRS reform...
New Tax Reform-Related Regs May Appear Soon A top Senate tax writer has said additional proposed regulations for the new tax code are expected to be released soon. Treasury Secretary Steven Mnuchin provided Republican senators with an update on...
Tax Court Adopts Amended, New Practice Rules The Tax Court adopted amendments to its electronic filing and paying rule. The adopted rules cover petitions and other documents that are currently not filed electronically. These rules were first pro...
Senate Confirms Key Tax Reform Architect for Top Treasury Role A key figure in shaping last year’s tax reform has been confirmed as the Treasury’s second-highest ranking official. The Senate confirmed Justin Muzinich as deputy Treasury secretary on De...
TIGTA Presents Semiannual Report to Congress The Treasury Inspector General for Tax Administration (TIGTA) has released its semiannual report to Congress, highlighting its audits, investigations, inspections and evaluations. The report includes ...
KS - 2019 interest rates announced For 2019, the interest rate applied to Kansas tax overpayments and underpayments is 6% (0.500% per month), up from 5% (0.417% per month) for 2018. The new rate can be viewed at ksrevenue.org/pdf/...
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