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A congressional explanation unearths an overlooked benefit from tax reform.
| Mnuchin says Congress key hurdle to Europe’s digital tax demands | | By Saleha Mohsin and William Horobin 3 min read
| | European finance chiefs arrived at a meeting of their global peers in Riyadh demanding the urgent creation of a new global tax system for the 21st century that would capture the profits of tech multinationals. U.S. Treasury Secretary Steven Mnuchin responded: it’s not that simple. | |
| SPONSOR CONTENT | | Podcast: Tax Rules Just Got A Lot More Complicated | | On the surface, 199A and 163(j) seem pretty straightforward but looks can be deceiving. The 2017 Tax Cuts and Jobs Act raises thorny new questions for even the simplest pass-through entities. | |
| IRS offers guidance for farmers on small-business tax break | | By Michael Cohn 2 min read
| | The Internal Revenue Service and the Treasury Department released guidance Friday to help farmers deal with a provision of the Tax Cuts and Jobs Act and reduce their taxes by leveraging a tax break for small businesses. | |
| Investors seek tax savings for fees they can no longer deduct | | By Laura Davison 3 min read
| | It’s been two years since investors were able to claim tax write-offs for investment costs and advice, but lawyers have found a potential workaround hidden in years-old IRS regulations and case law that may cut tax bills for some private equity and hedge fund investors. | |
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