CPA-HQ Articles and Podcasts
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Deduction for Local Lobbying Expenses Eliminated
The Tax Cuts and Jobs Act eliminates the deduction for lobbying expenditures to influence the legislation of any local council ...
Changes to Personal Casualty and Theft Losses
Under the Tax Cuts and Jobs Act, personal casualty losses are nondeductible unless attributable to a federally declared disaster. Prior ...
Gambling Loss Limitation is Broadened
The Tax Cuts and Jobs Act broadens Gambling Loss Limitation. Prior Law Through December 31, 2017 Under the prior law ...
Employee Achievement Awards
Prior Law Through December 31, 2017 An "employee achievement award" is an item of tangible personal property that an employer ...
IRS Releases New Form W-4 and Paycheck Calculator
The Internal Revenue Service released an updated Withholding Calculator on IRS.gov and a new version of Form W-4 to help ...
Interest on Home Equity Loans Is Often Still Deductible Under New Law
Responding to many questions received from taxpayers and tax professionals, the IRS said that despite newly-enacted restrictions on home mortgages, ...
Increased Code Section 179 Expensing
The Tax Cuts and Jobs Act makes significant changes to how companies will be able to write-off certain assets. Prior ...
Estate and Gift Tax Exclusion Amount Increased
The Tax Cuts and Jobs Act increases the exclusion amount for estate and gift taxes. Prior Law Through December 31, ...
Expanded Use of 529 Account Funds
The Tax Cuts and Jobs Act expands the definition of qualified higher education expenses as it applies to 529 college ...
ABLE Account Contribution Limit Increased
The Tax Cuts and Jobs Act makes several changes to ABLE accounts. Prior Law Through December 31, 2017 ABLE accounts ...