MORE HEADLINES
Qualified Business Income Deduction Regs. and Other Guidance Issued (JofA) - On Friday, the IRS released guidance on a large number of Sec. 199A issues, including the eagerly awaited final Sec. 199A regulations (in an as-yet-unnumbered Treasury decision). The IRS also issued new proposed regulations on how to treat previously suspended losses...
CPAs Tackling Complexities of the Upcoming Tax Season (Ohio CPA) - The 2017 Tax Cuts and Jobs Act implementation means practitioners everywhere are gearing up for an intense tax season. We asked CPA members of OSCPAâs Federal Tax Committee about the more pressing issues this busy season, and they started with the deduction for qualified business income, the 199A deduction.
The Real Reason The Fed Has Been Hiking (Forbes) - Sure enough, the Fed tightened more than people thought it would. And stock prices indeed dropped. But I also said the best long-term outcome of higher wages was to help workers recover their purchasing power.