The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds.     Home  |  Register       Tax Practice   Aug 30, 2018       Top Stories   IRS short-circuits SALT deduction charitable workarounds to new tax law, but leaves others open for now by MICHAEL COHN   The Internal Revenue Service and the Treasury Department are following up on their threat to forestall attempts by states to get around the $10,000 limit in the Tax Cuts and Jobs Act on deductions of state and local taxes by setting up state-run charitable contribution funds. READ MORE »       This tax break for the poor is actually a big win for Goldman Sachs by NOAH BUHAYAR   Thanks to the new TCJA, the bank's deals could become a lot more lucrative. READ MORE »     SPONSOR CONTENT Special Report: 2018 Wealth Magnets   Accounting Today's annual ranking of the leading CPA financial planners by assets under management. CLICK HERE TO VIEW »     IRS to propose rules about new $500 non-child dependent tax credit by MICHAEL COHN   The Internal Revenue Service and the Treasury Department published a notice Tuesday saying they intend to issue proposed regulations clarifying who is a qualifying relative for the new $500 credit for dependents and head of household filing status for years in which the exemption amount is zero for tax years 2018 through 2025. READ MORE »       Strip out Trump tax cut and S&P 500 profits are still surging by SARAH PONCZEK   Make no mistake, even without the juice the profit picture would look better than it has in years. READ MORE »   Delaware governor signs law regulating tax preparers by MICHAEL COHN   The Taxpayer Protection Act requires tax preparers to use their PTINs to file state returns and includes other measures to stop bad apples. READ MORE »   Corporate America is on a roll with best profit gain since 2014, thanks to tax cuts by SHOBHANA CHANDRA   Bullish, for now. That