Stakeholders Weigh in on Proposed Passthrough Deduction Rules
Stakeholders are urging the IRS to clarify its guidance on tax
reform’s new passthrough deduction. The IRS held an October 16
public hearing on proposed rules for the new Code Sec.
199Apass...
Senate Tax Writers Introduce Bipartisan Digital Goods Bill
Top Senate tax writers have introduced a bipartisan bill to prevent
duplicative taxation on digital goods and services. The bill aims
to establish a framework across multiple jurisdictions for
taxatio...
IRS Releases Draft Instructions for 2018 Form 1040
The IRS has released Draft Instructions for the 2018 Form 1040.
Additionally, the IRS has cautioned taxpayers that the draft
instructions are subject to change. The IRS released a draft of the
2018 Fo...
New IRS Commissioner: Rettig Takes the Reins
The IRS’s new Commissioner was officially sworn in on October 1 by
Treasury Secretary Steven Mnuchin. IRS Commissioner
Charles "Chuck" P. Rettig will lead the implementation of
tax ref...
Senate Lawmakers Examine Tax Reform’s Effect on Small Businesses
The Senate Small Business Committee held an October 3 hearing on
expanding opportunities for small businesses through the tax code.
Senate lawmakers examined tax reform’s effect on small busines...
How do I? Make tax-free gifts for tuition
With the soaring cost of college tuition rising on a yearly basis,
tax-free tuition gifts to children and grandchildren can help them
afford such an expensive endeavor, as well as save the generous
ta...
A first look at 2017 inflation-adjusted tax amounts now available
An early glimpse at the income tax picture for 2017 is now
available. The new information includes estimated ranges for each
2017 tax bracket as well as projections for a growing number of
inflation-s...
Year-end tax planning is right around the corner
It’s not too early to get ready for year-end tax planning. In fact,
many strategies take time to set up in order to gain maximum
benefit. Here are some preliminary considerations that may help
y...
Liability for the "nanny" tax
Employers generally have to pay employment taxes on the wages they
pay to their employees. A fine point under this rule, however, is
missed by many who themselves have full time jobs and don’t t...
What the new 1099 reporting requirement will mean for businesses
Businesses of all sizes are preparing for a possible avalanche of
information reporting after 2011. To help pay for health care
reform, lawmakers tacked on expanded information reporting to the
Patie...
At G&J Seiberlich we view our work as Accounting for Life.
Living a rewarding life is what we all desire. Life has many stages and the money we earn, spend and save along the way plays a pivotal role in the flow of life.
We focus on helping our clients manage their income, businesses and financial assets to meet their lifetime goals.
We welcome you to G&J Seiberlich & Co LLP and invite you to call on us to discuss your own Accounting for Life.
