IRS Taxpayer Advocate Office Issues Mid-2018 Report

John (Rusty) Davis, CPA

Taxpayer Advocate’s Mid-Year Report: TCJA challenge + Need to improve taxpayer assistance – On June 27th, National Taxpayer Advocate (NTA) Nina Olson released her statutorily mandated mid-year report to Congress. It presented a review…

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2018 New Tax Law Highlights for Individuals

John (Rusty) Davis, CPA

Following is an overview of some of the more important individual 2018 tax changes in the new “Tax Cuts and Jobs Act”. Standard deduction. The new law increases the standard…

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2018 New Pass-Through Entity Tax Changes

John (Rusty) Davis, CPA

Following is an overview of the more important elements of the new tax law that have an impact on partnerships, S corporations, and pass-through income. In general, they are effective…

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2018 New Individual and Corporation AMT Changes

John (Rusty) Davis, CPA

Following is an overview of the changes to the alternative tax laws under TCJA impacting individuals and corporations. In general, they are effective starting in 2018, unless otherwise noted. 2017…

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2018 New Estate and Gift Tax Exclusions

John (Rusty) Davis, CPA

Following is an overview of the estate and gift tax changes effective starting in 2018. Pre-TCJA Exclusion Rules. For 2017, the first $5 million (as adjusted for inflation in years…

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