Employee Benefits Blog

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2018 Year-End Client Letter: The Tax Cuts & Jobs Act

The purpose of this letter is to explain how and why this year’s tax season may differ from recent years.

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Save the Date! Tax Reform Breakfast Seminars in October

How will the recent tax reform affect your business and year-end planning in 2018? Join us for breakfast and find out.

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New Proposed Regulations addressing Section 199A’s new 20% deduction of certain pass-through income

Today the Treasury Department released proposed regulations intended to clarify Section 199A of the Internal Revenue Code. This section of law was introduced by December’s Tax Cuts and Jobs Act, and created a completely new, 20% deduction of certain pass-through and other “business” income. It also created numerous, significant questions regarding qualification for the new deduction.

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Treasury Department Releases Proposed Regulations Related to Section 965 Today

Proposed regulations related to Internal Revenue Code Section 965 were released today by the Treasury Department, providing additional guidance on the new repatriation tax on certain foreign earnings that was imposed by December 2017’s Tax Cuts and Jobs Act.

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New Guidance on Sec. 199A’s 20% flow-through deduction will be available any day

The new 20% deduction applicable to certain flow-through income is one of the most significant features of last December’s Tax Cuts and Jobs Act. As explained in a January BNN article, the text of this new rule, provided in new Internal Revenue Code Section 199A, is complex and often ambiguous. We have been awaiting promised guidance in the form of Treasury Regulations, and it now appears that the release of that guidance is imminent.