The Internal Revenue Service recently launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.

As part of its ongoing efforts to protect taxpayers from identity thieves, the Internal Revenue Service today announced it will stop its tax transcript faxing service in June and will amend the Form 4506 series to end third-party mailing of tax returns and transcripts in July.

Unclaimed property is just so topical right now. States are becoming far more aggressive in audits, and the third-party audit firms are growing exponentially. At the same time, states are updating their unclaimed property laws to account for some of the ways businesses have historically planned around prior versions of the law.

The 2017 Tax Cuts and Jobs Act (TCJA) is the biggest change to tax laws in more than 30 years. Under the TCJA, oil and gas companies can expect substantial tax law adjustments. Depending on your company’s entity type (C corporation, partnership, S corporation or sole proprietorship), you may be able to take advantage of new tax breaks.

On May 8, 2019, USTR released its federal register notice on the sudden tariff increase on the third tranche (List 3) Section 301 tariffs on China. The duty rate on the estimated $200 billion worth of Chinese products will increase from 10% to 25% effective 12:01am ET on Friday, May 10, 2019. The notice also announces that an exclusion process will be instituted for these products in a separate notice.

The IndyBar Legislative Committee is currently monitoring the following tax law related legislation.

The IndyBar Legislative Committee is currently monitoring the following tax law related legislation.

The IndyBar Legislative Committee is currently monitoring the following tax law related legislation.

The IndyBar Legislative Committee is currently monitoring the following tax law related legislation.

The IndyBar Legislative Committee is currently monitoring the following tax law related legislation.