CCH Tax Day Report For Florida property tax purposes, voters at the next general election will be asked to approve or reject a proposal to increase the exemption for certain homestead valuations. Specifically, for all levies other than school district levies, the proposal would exempt the assessed valuation greater than $50,000 and up to $100,000 […]

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CCH Tax Day Report The Colorado Department of Revenue has proposed amendments to its rule on the apportionment of income on a combined report or consolidated return to clarify how an affiliated group must apportion and allocate their income if they are required to file a combined report or choose to file a consolidated return […]

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CCH Tax Day Report The Senate passed the Consolidated Appropriations Act, 2017 (HR 244) on May 4 by a 79-to-18 vote. The bill will fund the federal government, including the IRS, through September, which marks the end of the fiscal year. The House passed the bill the day before by a 309-to-118 vote. The omnibus […]

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CCH Tax Day Report The House approved the American Health Care Act (AHCA) (HR 1628) on May 4 by a 217-to-213 vote. The bill now heads to the Senate for consideration and negotiation. The AHCA, if enacted, would repeal and replace the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) and related taxes. The […]

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CCH Tax Day Report President Trump has signed an Executive Order directing the IRS to exercise discretion in its enforcement of the “Johnson amendment.” The Johnson amendment limits political activities by certain tax-exempt organizations. Certain exempt organizations, including churches, mosques, temples and synagogues, may educate voters about issues in a nonpartisan manner but cannot directly […]

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New Titles Provide Dynamic, Streamlined and Integrated User Experience (NEW YORK, NY, May 3, 2017) – Wolters Kluwer Tax & Accounting announced today new solutions to expand the Knowledge Coach offering, which is designed to help professionals accurately and effectively conduct preparations, compilations, review and audit engagements. The Knowledge-Based Examination of Service Organizations is a […]

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