CCH Federal Tax Weekly - Current,23,Federal Tax Weekly,(Jun. 20, 2019) Printable Version of this Issue A printable/downloadable version of this newsletter is available to Internet subscribers only. Print Version of this Newsletter FEDERAL TAX WEEKLY HEA
The Senate has approved a bipartisan IRS reform bill, which now
heads to President Trump’s desk. Trump is expected to sign the bill
Proposed Rules Explain 199A Deduction for Cooperatives and Patrons
Taxpayers may rely on two new pieces of IRS guidance for applying
the Code Sec. 199A deduction to cooperatives and their
Final Rules Limit Charitable Contributions Made for SALT Credits
The IRS has issued final regulations that require taxpayers to
reduce the amount any charitable contribution deduction by the
amount of any state and local tax (SALT) credit they receive or
expect to ...
Final and Proposed Regs on GILTI-Related Matters
Final regulations address the global intangible low-taxed income
(GILTI) provisions of Code Sec. 951A. The final regulations
retain the basic approach and structure of the proposed regulations
Temporary Regulations Limit Application of Participation DRD To Prevent Tax Avoidance
Newly issued temporary regulations limit the application of
the Code Sec. 245A participation dividends received
deduction (the participation DRD) and the Code Sec.
Final Regulations Reduce Section 956 Income Inclusions by Domestic Corporations Owning CFC Stock
Final regulations reduce the Code Sec. 956 amount for
certain domestic corporations that own stock in controlled foreign
corporations (CFCs). The regulations are intended to ensure
Employers Can Offer HRAs Integrated with Individual Coverage
Final rules allow employers to use health reimbursement
arrangements (HRAs) to reimburse employees for the purchase
individual insurance coverage, including coverage on an Affordable
Care Act Exchange...
Final Regs Address CPEO Requirements, Responsibilities
Final regulations provide requirements that a person must satisfy
to become and remain a certified professional employer organization
(CPEO), as well as the CPEO’s federal employment tax liabili...
Major tax changes expected under Trump Administration
One month after the presidential election, taxpayers are learning
more about President-elect Donald Trump’s tax proposals for his
administration. Although exact details, including legislative la...
Are IRS Q&As authoritative guidance?
The Tax Code is among the most complex of all federal statutes. To
explain the Code, the IRS issues guidance. Recently, the IRS has
used the “Frequently Asked Question (FAQ)” format to exp...
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