The IRS will receive more than 95 million calls this year. They expect to answer about 60% of them during the current filing season. After that, the number is estimated to decline to 40%. Figure in the calls with questions about the new tax law and the answer rate may be even lower. And that projection…
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Corporate Tax Cuts Mostly Going to Share Buybacks Not JOBS!
While the name of the 2017 Tax Act was "Tax Cuts and Jobs Act," it doesn't appear like the corporate tax cuts are creating many US Jobs. The Tax Cuts and Jobs Act was supposed to spur hiring and investment at companies as the maximum corporate tax rate was slashed from 35 to 21 percent, according to…
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IRS Creates New Landing Page Regarding Tax Reform Resources for Tax Professionals
To help the tax community understand the recent Tax Cuts and Jobs Act (TCJA), the IRS has created a landing page on IRS.govhighlighting provisions of the new law. Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is working on implementing this major tax…
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Marini & Associates, PA Traces its Roots Back to AA&Co
On 10/26/2017 I had the opportunity to go back to my roots at Arthur Andersen & Co. (AA&Co), which I get to do every other year, by being a sponsor of and attending AA&Co's South Florida's Semi-Annual Alumni Reunion. For those of you who don't know what I did before opening up our International & Tax Litigation Boutique 25 years ago…
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