US House Tees Up Tax Law Fixes

There’s still a ways to go, but the US House is moving in the right direction this week with the House Committee on Rules voting to send a year-end tax bill to the floor for a vote. The House Ways & Means Committee released its TCJA fix package this past Monday and it may be…

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IRS Releases Rule on Business Interest Deductions

Almost in concert with the proposed Congressional fixes to the TCJA (above), the Internal Revenue Service this week released 439 pages of proposed regulations that in large part address other issues and changes inherent in TCJA passage. Primary amongst them for our readers, the proposed regulations clarify a key provision in the TCJA that limited…

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Don’t Risk Your Network!

There’s only days left to register for our regional meeting in New Jersey on Tuesday, December 4 at the Doubletree Hotel Newark Airport. The program will feature experts on three major subject areas – each of which can play a significant role in reducing your business risk. The program will include employment law expert Attorney…

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Changes in Illinois Employment and Tax Law

In light of this electoral climate, DDIFO’s upcoming Chicago Regional meeting, Don’t Risk Your Network!, seems particularly timely. The program, which includes lunch, will be held next Tuesday, November 13 at the Hyatt Regency O’Hare, 9300 Bryn Mawr Avenue in Rosemont, beginning at 11:30 AM and concluding around 3 PM. The meeting will feature Attorney…

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In The Nick of Time, Then

Against that Illinois backdrop, DDIFO wants to advise all of our Illinois members and subscribers that we will be hold a member meeting at the Hyatt Regency O’Hare in Rosemont, Illinois on Tuesday, November 13 to discuss the Illinois Wage Payment and Collection Act, the Nursing Mothers in the Workplace Act, and a host of…

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IRS Issues New Guidance on TCJA

The Internal Revenue Service (IRS) recently released new regulations governing the applicability of certain provisions contained in the Tax Cuts and Jobs Act (TCJA) signed into law last year. First, for tax years 2018 and 2019, employers may be eligible for a tax credit when they give eligible employees paid family and medical leave. Notice…

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New Jersey Adopts SALT Workaround

In the context of tax reform and last year’s Tax Cuts and Jobs Act, the state of New Jersey this week adopted regulations that would allow its taxpayers to skirt the new federal limit of $10,000 on state and local tax deductions. Under the New Jersey scheme, local governments across the state would be allowed…

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IRS Proposes Rule on Enhanced Depreciation

The Internal Revenue Service (IRS) last week released proposed regulations clarifying the requirements for property to qualify for enhanced depreciation deductions. The issue stems from the fact that the Tax Cuts and Jobs Act expanded bonus depreciation for certain properties allowing for 100 percent first-year deductions.  We are reviewing the proposed rules relating the Section…

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Tax Cut Rally

One of the main groups responsible for successfully lobbying for passage of the Tax Cuts and Jobs Act last December was the Job Creators Network, (JCN) and the organization continues to underscore the benefits of the legislation. Toward that end, JCN has continued its national bus tour rallying further support for tax cuts and underscoring…

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IRS Plans Strategically

Speaking of government agencies and their future plans, none other than the Internal Revenue Service (IRS) actually developed and last week released a new Five-year Strategic Plan focusing on the implementation of the new tax law as a top priority and “improving taxpayer service and tax administration.” The agency has long argued that it needs…

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