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- Tax Legislation Update: Tax Cuts and Jobs Act Self-Study
This two-hour CPE on-demand course provides an up-to-date summary of the Tax Cuts and Jobs Act, and covers critical tax planning issues your clients are expected to face.
CCH AnswerConnect jump-starts your research as it guides you through the most extensive tax reform in 30 years. Whether you need a quick answer or an in-depth example of how the new law will affect your client or business, CCH AnswerConnect lets you Search Less, Do More™.
- Easily navigate tax reform explanations with focused content on what you need to know and how to put it into action
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The Trump administration and House Republicans are working on a “phase-two” of tax reform. Additionally, an IRS reform bill is expected to be released from the House Ways and Means Committee in the coming weeks. A Ways and Means spokesperson told Wolters Kluwer that a phase-two of tax reform could include “opportunities in making individual […]
A top House tax writer has confirmed that House Republicans and the Trump administration are working on a second phase of tax reform this year. House Ways and Means Committee Chairman Kevin Brady, R-Tex., said in an interview this week that the Trump administration and House Republicans “think more can be done.” A Ways and […]
The post Trump, House Republicans Discussing Phase-Two of Tax Reform appeared first on Tax & Accounting Blog.
Short Sale, Debt Forgiveness One Transaction–No Gain or Loss When Amount Realized Falls Between Gain Basis and Loss Basis (Simonsen, TC)March 15, 2018
Married taxpayers’ short sale and debt forgiveness were part of one sale or exchange, and the amount realized included the discharged nonrecourse debt. There was no cancellation of debt income. The amount realized was greater than the loss basis in the property under Reg. §1.165-9(b)(2), but less than the gain basis in the property. When […]
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