TAX REFORM FAQ FOR MANUFACTURERS

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” (TCJA) represents the biggest change to the tax code since 1986. While the implications for businesses are broad and complex, we’ve summarized some of the most common tax reform questions for manufacturers:

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AN INTRODUCTION TO ROBOTIC PROCESS AUTOMATION FOR MANUFACTURERS

By Joe Sremack, CFE

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HOW TAX REFORM WILL IMPACT RESTAURANTS

By Adam Berebitsky, Jeff Tubaugh, Lisa Haffer

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Education Tax Credits Explained

The beginning of school has arrived and it’s a good time to learn about the tax benefits that can help you offset qualifying education costs. If you’re paying education costs for yourself, a spouse or a dependent, you may be eligible to save some money with education tax credits.The American Opportunity Tax Credit (AOTC) is:

  • Worth a maximum...
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Federal Tax Reform Opportunity Zones Explained

What are Opportunity Zones or O-Zones?

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WHAT YOU NEED TO KNOW ABOUT THE TAX REFORM AND SECTION 199A

Tax reform legislation included a number of provisions of interest to partnerships and their partners including the Section 199A deduction for qualified business income of pass-through entities for tax years beginning after December 31, 2017.  

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The Ultimate Sales Tax Guide for Veterinarians

 
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Tax Cuts 2.0

President Donald Trump and House GOP tax writers discussed "Tax Cuts 2.0" in a July 17 meeting at the White House. The next round of tax cuts will focus primarily on the individual side of the tax code, both Trump and House Ways and Means Chair Kevin Brady, R-Tex., reiterated to reporters at the White House before the meeting.

Individual Tax...

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5 Tips to Remember if You Receive an IRS Notice

Written By: Michael Carr, CPA
 
1. Don’t ignore it.
Some tax notices may include a “reply by” date which can lead to additional penalties and interest if not addressed by that date.
 
2. Be aware of phishing scams.
If a tax notice/letter looks suspicious, you can contact the IRS at 1-800-829-1040 (Individuals) or 1-800-829-4933 (Businesses) to...
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Railroad Stock Options Are Not Money Remuneration Under RRTA

The U.S. Supreme Court has determined that nonqualified employee stock options are not taxable compensation under the Railroad Retirement Tax Act (RRTA). The term "money remuneration" in the Act unambiguously excludes "stock."

Background

Several railroads filed a refund claim for overpaid Railroad Retirement taxes. The railroads claimed they...

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