Taxpayer's Guide to the Tax Cuts and Jobs Act

Taxpayer's Guide to the Tax Cuts and Jobs Act PDF Author: Congress Congress Conference
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983483257
Category :
Languages : en
Pages : 72

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Book Description
Tax Cuts and Job Act of 2017 (TCJA) is the most sweeping update to the US Tax Code in more than 30 years. The new law impacts every individual and business entity in US but there is lots of mis-information on provisions of the law, and since the New Law is stated in terms of amendments to the Internal Revenue Code, if you haven't memorized the Code yet, reading the Law might be difficult for you. TAXPAYER'S GUIDE TO THE TAX CUTS AND JOBS ACT unlocks each change that the Law makes and includes very helpful commentary on what the changes means for you (Individual Taxpayers).

Taxpayer's Guide to the Tax Cuts and Jobs Act

Taxpayer's Guide to the Tax Cuts and Jobs Act PDF Author: Congress Congress Conference
Publisher: Createspace Independent Publishing Platform
ISBN: 9781983483257
Category :
Languages : en
Pages : 72

Get Book Here

Book Description
Tax Cuts and Job Act of 2017 (TCJA) is the most sweeping update to the US Tax Code in more than 30 years. The new law impacts every individual and business entity in US but there is lots of mis-information on provisions of the law, and since the New Law is stated in terms of amendments to the Internal Revenue Code, if you haven't memorized the Code yet, reading the Law might be difficult for you. TAXPAYER'S GUIDE TO THE TAX CUTS AND JOBS ACT unlocks each change that the Law makes and includes very helpful commentary on what the changes means for you (Individual Taxpayers).

A Personal Guide to the Tax Cuts and Jobs Act: What It Means for You

A Personal Guide to the Tax Cuts and Jobs Act: What It Means for You PDF Author: Susan Flax Posner
Publisher:
ISBN: 9780808049685
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The "Tax Cuts and Jobs Act" is the most significant overhaul of the United States Tax Code in the last 30 years. The new laws will dramatically impact individual taxpayers starting in 2018 and for years to come, regardless of income level. Whether you are married or single, an employee or self-employed, have children or do not have children, this historic legislation will change how you calculate and file your taxes. This publication provides practical, easy-to-understand explanations of the new tax laws and their impact. Specifically, this publication covers changes made by the "Tax Cuts and Jobs Act" to: Tax Rates, Standard Deduction, Itemized Deductions, Mortgage Deduction, Property Tax Deductions, Personal Exemption Deductions, Child Tax Credit, Education Savings and Benefits, Nontaxable Income, Retirement Savings, Alternative Minimum Taxes, Estate and Gift Taxes, Small Business Taxes

Tax Withholding and Estimated Tax

Tax Withholding and Estimated Tax PDF Author:
Publisher:
ISBN:
Category : Tax revenue estimating
Languages : en
Pages : 56

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Book Description


Tax Cuts and Jobs ACT Impact - Guide to Exceeding the Standard Deduction

Tax Cuts and Jobs ACT Impact - Guide to Exceeding the Standard Deduction PDF Author: Frank L. Brunetti
Publisher: CCH Incorporated
ISBN: 9780808050018
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The CCH Guide on the Tax Cuts and Jobs Act Impact--Exceeding the Standard Deduction describes the effect of certain major changes affecting individuals.These include the changes to personal deductions, including the doubling of the standard deduction, the imitation placed on combined state and local income taxes, property taxes and sales taxes, and the elimination of home equiity interest and most itremized deductions. This Guide provides tips to maximize or preserve some of the benefits from these lost deductions.

Tax Cuts and Jobs ACT Impact- Guide to Pass Through Entities

Tax Cuts and Jobs ACT Impact- Guide to Pass Through Entities PDF Author: Robert Watt Jamison
Publisher:
ISBN: 9780808049890
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The Tax Cuts and Jobs Act is considered the most sweeping tax law change in decades, and for many individuals and businesses the massive and complex changes will have profound impacts. The treatment of pass-through entities is one of the many areas where the new Act promises to fundamentally change the approach to tax planning for many business owners. The all-new CCH(R) AnswerConnect: Tax Cuts and Jobs Act Impact - Guide to Pass-Through Entities is focused on the major changes made to the tax rules for pass-through entities, including limited liability companies (LLCs), partnerships, S Corporations and sole proprietorships. Currently, the income from these pass-through entities flows through to the individual owners and is taxed at the individual rate. However, the tax landscape for pass-through entities will change considerably under the new tax law. The CCH Answer Connect Guide on Pass-Through Entites is focused on the major changes made by the Tax Cuts and Jobs Act in the way that business income generated by pass-through entities such as limited liability companies (LLCs), partnerships, S corporations or sole proprietorships is taxed. Under the old law, the net income of these pass-through entities was not taxed at the entity level but was taxed instead by the owners of the business at their individual tax rate. The Tax Cuts and Jobs Act adds a new section to the Code which provides that a non-corporate taxpayer who has qualified business income from a partnership. S corporation or sole proprietorship may be entitled to an additional deduction.

Tax Cuts and Jobs Act, Conference Report to Accompany H.R. 1

Tax Cuts and Jobs Act, Conference Report to Accompany H.R. 1 PDF Author: Congress (U S Joint Committee on Taxat
Publisher: Government Printing Office
ISBN: 9780160944024
Category : Business & Economics
Languages : en
Pages : 590

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Book Description
In this report, you will find guidance about the tax rate reform legislation for working American taxpayer citizens that file Federal individual tax returns. This report outlines modifications for taxable years 2018 through 2025. Populations covered are married individuals filing joint returns and surviving spouses, head of households, unmarried individuals other than surviving spouses and heads of households, married individuals filing separate returns, estates and trusts, and more. Additionally, you will find specific tax rate information and criteria relating to deductions for qualified business income, simplification and reform of family and individual tax credits including child tax credit and new family credit, credit for elderly and permanently disabled, repeal of credit for plug-in electric drive motor vehicles, modification of deduction for home mortgage interest, modifications to the deduction for charitable contributions, reform of American opportunity tax credit and repeal of lifetime learning credit, reforms to discharge of certain student loan indebtness, repeal of deduction for student loan interest and qualified tuition and related expenses, reduction in corporate tax rate, and much more. Adult American citizens required to file Federal income taxes, small businesses and corporation owners and staff, certified public accountants, tax professionals including tax advisors and preparers, payroll staff, IRS officials and agents, members of Congress, and charitable organizations may be interested in this legislation. Students pursuing coursework in tax preparation, business accounting, tax advisory, and public finance courses may find this primary source legislation helpful for research papers and testing requirements. Related products: H.R. 1, To Provide for Reconciliation Pursuant to Titles II and V of the Concurrent Resolution on the Budget for Fiscal Year 2018, Title A, Individual Tax Reform produced by U.S. Senate with Amendments specifically to the repeal of sections with amendments for the Internal Revenue Code of 1986 is available here: https://bookstore.gpo.gov/products/hr-1-individual-tax-reform Jobs & Employment resources collection here:https://bookstore.gpo.gov/catalog/jobs-employment Taxes, Audits & Accounting collection here:https://bookstore.gpo.gov/catalog/taxes-audits-accounting

U.S. Master Tax Guide, Special Edition: Tax Cuts and Jobs Act

U.S. Master Tax Guide, Special Edition: Tax Cuts and Jobs Act PDF Author: CCH Tax Law
Publisher: U.S. Master Tax Guide
ISBN: 9780808049777
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The U.S. Master Tax Guide (2018) Special Edition- Tax Cuts and Jobs Act provides helpful and practical guidance to help prepare to comply with these significant and historic changes to the tax law. This Special Edition reflects the pertinent federal taxation changes that came into effect for tax years after 2017 and provides fast and reliable answers to tax questions affecting individuals and business income tax.

Tax Cuts and Jobs Act Impact

Tax Cuts and Jobs Act Impact PDF Author: Robert Watt Jamison
Publisher: CCH Incorporated
ISBN: 9780808049913
Category : Business & Economics
Languages : en
Pages : 0

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Book Description
The Tax Cuts and Jobs Act is considered the most sweeping tax law change in decades, and for many individuals and businesses the massive and complex changes will have profound impacts. In particular, the multitude of provisions will vastly impact small businesses. How are you helping your small business clients prepare? The all-new CCH(R) AnswerConnect: Tax Cuts and Jobs Act Impact - Guide to Small Business will address concerns and provide in-depth details on the provisions, implications and benefits small businesses may witness as a result of the new Act. Lower individual tax rates, expansion of the IRS Code Sec. 179 deduction, the new 20% deduction on qualified business income (QBI) for certain pass-through entities and the reduced corporate income tax rate are just a few of the big and somewhat complex changes that will be in effect. It's highly recommended that you prepare now to mitigate risks and ensure that your small business clients have a complete understanding of how the Tax Cuts and Jobs Act will significantly impact the way they do business. The CCH Answer Connect Guide on Small Business explains the implications of the changes made by the Tax Cuts and Jobs Act. affecting small businesses. Items in the Act that affect small businesses include, among others, the revised tax rate structure for corporations, the Section 179 deduction, bonus depreciation, luxury car deductions, and the changes made to the taxation of pass-through entities (including the new 20% of QBI deduction available to certain pass-throughs. Other changes are also discussed including the section 199 deduction, the rules for net operating losses, the deductibility of entertainment expenses, the deduction for fringe benefits, the deduction for on-site eating facitlities, the deduction for business interest expenses, and a tax credit for employer-paid wages for medical or family leave.

Elkins' Guide to Tax Cuts and Jobs Act

Elkins' Guide to Tax Cuts and Jobs Act PDF Author: Tim Elkins
Publisher:
ISBN: 9781723969126
Category :
Languages : en
Pages : 131

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Book Description
The Elkins' Guide - "Tax Cuts and Jobs Act" - provides readers with not only details of the Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, 2017, but also discusses provisions of the Bipartisan Budget Act of 2018, as well as the Disaster Tax Relief and Airport and Airway Extension Act of 2017. Most of the discussion in the Guide is about provisions of the TCJA. However, tax laws that had expired in 2016, but were retroactively extended to 2017 and 2018 by the Bipartisan Budget Act of 2018, which was passed in February, 2018, are also discussed. The Airport and Airway Extension Act of 2017, which was passed on September 9, 2017, provided temporary tax relief to victims of Hurricanes Harvey, Irma, and Maria and the California wildfires. Other laws that are mentioned in the Guide include the 21st Century Cures Act passed in December 2017, which allows small employers that do not maintain group health plans to establish stand-alone HRAs that are called Qualified Small Employer Health Reimbursement Arrangements (QSEHRA). Also, the Federal Register Printing Savings Act of 2017 is mentioned, which delayed until 2022 implementation of the "Cadillac" tax on employers for excess employer-sponsored health insurance coverage. Every effort has been taken to make the Elkins' Guide - "Tax Cuts and Jobs Act" - easy to understand. The intent was to write the book in plain, understandable English, trying to make the complicated tax laws and regulations easier to grasp. The contents of the Guide are cross-indexed to other Sections in the Guide that may provide further explanations without readers having to search for the information. In addition, the Guide includes "links" that readers can "click on" and their computer will take them directly to PDFs of applicable IRS forms, publications, court cases, and proposed regulations. Of course, this can only be done if you have the Kindle version of the Guide, but the links are shown in the printed version, so all you have to do is type in the links on your computer.

Estimates of Federal Tax Expenditures

Estimates of Federal Tax Expenditures PDF Author: United States. Department of the Treasury
Publisher:
ISBN:
Category : Revenue
Languages : en
Pages : 12

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Book Description