The Internal Revenue Service issued a revenue procedure Wednesday providing information on how companies can change their method of accounting if they have switched from being an S corporation to a C corporation in response to the Tax Cuts and Jobs Act.
 
 
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Aug 23, 2018
 
 
 
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IRS offers guidance on switching from S corp to C corp status
 
IRS offers guidance on switching from S corp to C corp status
by MICHAEL COHN
 
The Internal Revenue Service issued a revenue procedure Wednesday providing information on how companies can change their method of accounting if they have switched from being an S corporation to a C corporation in response to the Tax Cuts and Jobs Act. READ MORE »
 
 
Proposed regs for extra first-year depreciation deduction will have an impact on construction
 
Proposed regs for extra first-year depreciation deduction will have an impact on construction
by JOHN HANNING, EDDIE PRICE
 
These proposed regulations affect taxpayers who deduct depreciation for qualified property acquired and placed in service after Sept. 27, 2017. READ MORE »
 
 
 
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Industry groups urge fixes for errors in Tax Cuts and Jobs Act
 
Industry groups urge fixes for errors in Tax Cuts and Jobs Act
by MICHAEL COHN
 
A broad coalition of hundreds of industry associations and companies sent a letter Wednesday to Treasury Secretary Steven Mnuchin urging him to resolve errors in last year