Tax preparer groups are coming together to ask for more dedicated support. | IRS proposes update to income tax withholding rules → | | By Michael Cohn 3 min read | | The Internal Revenue Service and the Treasury have proposed regulations updating the income tax withholding rules to reflect the changes in the Tax Cuts and Jobs Act, the recently redesigned Form W-4 and the IRS’s new Tax Withholding Estimator. | |
| Shareholder tax savings is ultimate goal of IC-DISC ownership structure → | | By David McGuire 3 min read | | One way for C corporations to reduce taxable income is to utilize an interest charge – domestic international sales corporation (IC-DISC). However, when dealing with C corps, it is imperative the IC-DISC’s ownership structure is correctly established at the onset. | |
| In the blogs: Overly hopeful → | | By Jeff Stimpson 3 min read | | The new budget; the SALT myth; NATP; and other highlights from our favorite tax bloggers. | |
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