Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.
- TD 9948, Excise Taxes; Transportation of Persons by Air; Transportation of Property by Air; Aircraft Management Services PDF
- TD 9946, Denial of Deduction for Certain Fines, Penalties, and Other Amounts; Related Information Reporting Requirements PDF
- TD 9945, Guidance under Section 1061 PDF
- TD 9943, Additional Guidance Regarding Limitation on Deduction for Business Interest Expense PDF
- TD 9938 sets forth final regulations under section 4960 of the Internal Revenue Code (Code), which imposes an excise tax on remuneration in excess of $1,000,000 and any excess parachute payment paid by an applicable tax-exempt organization to any covered employee. PDF
- TD 9936, Guidance on Passive Foreign Investment Companies and REG-111950-20 PDF
- TD REG-107892-18, Qualified Business Income Deduction PDF