Ideas & Insights

The regulations largely mirror the proposed regulations with additional, mostly favorable, clarifications for taxpayers.

The proposed regulations provide long-awaited guidance for the disallowance of qualified transportation benefits and commuting expenses.

Section 4960 proposed rules add examples and clarity while generally following interim guidance and providing taxpayer-friendly exceptions.

New proposed regulations provide helpful examples of business entertainment and meals deductions still permissible after TCJA restrictions.

The SECURE Act makes changes affecting retirement benefits in qualified plans and in IRAs for both the employers and individuals.

The IRS has released the final version of Form W-4 reflecting changes to employee withholding from the Tax Cuts and Jobs Act.

The IRS released proposed regulations which supplant and largely following previous guidance in Notice 2018-68 with important distinctions.

IRS issues proposed regulations regarding special valuation rules for employee’s personal use of an employer-provided vehicle.

For section 199A deduction calculation purposes, it is critical for businesses to file timely its W-2 Wage and Tax Statements.

The IRS released Notice 2019-09 providing guidance to assist taxpayers in implementing new executive compensation rules under section 4960.

The IRS provides guidance to assist in determining expenses for parking fringe benefits for purposes of section 274(a)(4) and 512(a)(7).

Notice 2018-97 provides needed year-end clarity on certain interpretive and administrative issues for the new deferral opportunity.

To address questions around the new section 45S employer tax credit for family and medical leave, the IRS published an FAQ document.

Employers have until February 15 to implement new 2018 income tax withholding rates to reflect recent law changes.

Compensation and benefit related changes require employers to reevaluate some policies and react accordingly soon.

The new tax law has many changes that will require employers to reconsider some of their compensation and benefit policies.

The House of Representatives passed the American Health Care Act as a first step toward modifying the Affordable Care Act.