Below is a brief summary of the current differences between the House & Senate Tax Bills. Source: Thomson Reuters 2017 Tax Reform: Key differences between the Senate and House tax bills The Senate and the House have each passed their own version of the “Tax Cuts and Jobs Act”. The two versions of the bill […]
Tag Archives: Tax Updates
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On the last day of July, Obama signed into law, H.R. 3236, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015”. One of the provisions of this law included a change to the due dates of corporation and partnership tax returns. Previously, C-Corporation and S-Corporation tax returns were required to be filed […]
Typically, I don’t comment on proposed legislation or politics, but there has been more than a few articles over the last year on tax avoidance strategies corporations have been using to their advantage. One of these loop holes, commonly referred to as a “double Irish with a Dutch sandwich”, allows corporations to shift profits to […]