Trump Tax Plan – August Update

  Congressional Members and others say simplification of the cumbersome federal income tax code is on track and details will emerge after August. White House legislative director Marc Short, for example, recently said the plan is to start hearings and a markup of the bill after Labor Day so a version can get through the…

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An Early Look at Tax Reform

  President Trump recently unveiled a bold, long-awaited plan to simplify U.S. individual and corporate taxes. While business owners and others alike await details, Bederson will examine the available information and set out useful scenarios. Based on recent developments in Washington, D.C, we understand the details of President Trump’s tax reform package will be unveiled…

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IRS extends information reporting (under the ACA) deadline

Late last year, the IRS announced limited relief for required information reporting under the Affordable Care Act (ACA). The agency extended the deadline for furnishing Forms 1095-B and 1095-C to individuals for the 2016 tax year. But the extension does not apply to filing with the agency itself. Luckily, penalty relief is available for some…

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New Tax Changes Under Trump Administration

New Tax Changes Under Trump Administration With President Trump in the White House and Republicans controlling both the House and Senate, some big changes may be ahead for the tax code. This article explores some of the possible issues.   Big Changes Ahead Says President On February 9, President Trump announced that in the upcoming…

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