While sources in Washington continue to suggest that tweaks may yet be made to Donald Trump’s 2017 tax overhaul, U.S. taxpayers, and their accountants, are having to get on with filing their 2018 tax returns...
Likewise, the IRS also has had to proceed as though the current version of the TCJA is final, however flawed some critics may claim it is, particularly when it comes to taxing non-resident Americans who own stakes in overseas businesses.
A measure of the IRS’s matter-of-fact acceptance of the current TCJA package is its release the other day of a 14-page guide it calls “Tax Reform Basics for Individuals and Families”, otherwise known as publication 5307.
“This publication covers some of the provisions of the TCJA,” the guide explains in an introduction.
“It provides information for you and your family to help you understand, take action – if necessary – and comply with your federal tax return filing requirements.”
To read and download the guide, click here.
- IRS commissioner Rettig's proposed successor named
- Douglas O'Donnell named acting IRS commissioner, ahead of Charles Rettig's scheduled departure
- Questions being asked about IRS's future direction, as successor to departing Rettig not yet named
- Report: Change in Mexico's tax laws cited, as IRS announces plans to extradite 79 'tax fugitives' to U.S.
- A Reader Asks: 'Someone mentioned that the IRS's Taxpayer Advocate Service can help expats. How?'