Prior year news and resources about the Tax Cuts and Jobs Act and tax reform initiatives — Small Business Initiatives. News Releases 2019 IR-2019-166, IRS celebrates National Work and Family Month IR-2019-158, IRS finalizes safe harbor to allow rental real estate to qualify as a business for qualified business income deduction9 IR-2019-135, IRS, Treasury issue guidance on making or revoking the bonus depreciation elections IR-2019-130, Qualified Business Income sessions highlight 2019 Nationwide Tax Forum; 199A popular topic for tax pros attending IR-2019-115, IRS, Treasury issue guidance under Tax Cuts and Jobs Act and the Consolidated Appropriations Act of 2018 for cooperatives and patrons of cooperatives IR-2019-93, IRS highlights credits and deductions for businesses during Small Business Week IR-2019-92, During Small Business Week, IRS spotlights expanded tax benefits for depreciation and expensing IR-2019-75, IRS issues guidance relating to deferral of gains for investments in a qualified opportunity fund IR-2019-34, Tax Time Guide: IRS publication helps small businesses, self-employed understand what’s new for taxes IR-2019-24, IRS waives estimated tax penalty for farmers, fishermen who file returns and pay tax by April 15 2018 IR-2018-254, IRS issues guidance on changes to excess business and net operating losses IR-2018-251, IRS issues standard mileage rates for 2019 IR-2018-247, IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations IR-2018-227, Like-kind exchanges now limited to real property IR-2018-223, New tax law allows small businesses to expense more, expands bonus depreciation IR-2018-205, Reduced 24-percent withholding rate applies to small businesses and other payers; revised backup withholding publication features helpful FAQs IR-2018-203, IRS: Several tax law changes may affect bottom line of many business owners IR-2018-197, IRS to highlight tax reform changes affecting small businesses; Small business owners, self-employed should plan now for new changes IR-2018-196, For many business taxpayers, time is running out to elect out of new 100-percent depreciation deduction for 2017 IR-2018-195, IRS issues guidance on Tax Cuts and Jobs Act changes on business expense deductions for meals, entertainment IR-2018-191, New employer tax credit for paid family and medical leave available for 2018 and 2019 IR-2018-190, IRS: 2018 employer reimbursements for employees’ 2017 moves are generally tax-free IR-2018-184, IRS reminder: Third estimated tax payment due Sept. 17; Tools are available to help people pay right amount following law changes IR-2018-182, Tax reform changes affecting small business and self-employed taxpayers; third quarter estimated tax payment deadline is Sept. 17 IR-2018-162, IRS issues proposed regulations on new 20 percent deduction for passthrough businesses IR-2018-160, IRS issues guidance on small business accounting method changes under Tax Cuts and Jobs Act IR-2018-159, Treasury, IRS issue proposed regulations on new 100 percent depreciation Tax Tips 2019 Tax Reform Tax Tip 2019-115, Employers who provide leave might qualify to claim valuable credit Tax Reform Tax Tip 2019-100, Here’s the 411 on who can deduct car expenses on their tax returns Tax Reform Tax Tip 2019-64, Here’s what historic building owners should know about the rehabilitation tax credit Tax Reform Tax Tip 2019-56, Businesses should review depreciation deductions rules Tax Reform Tax Tip 2019-46, Six things taxpayers should know about the sharing economy and their taxes Tax Reform Tax Tip 2019-23, Business taxpayers should take another look at their estimated tax payments Tax Reform Tax Tip 2019-21, Tax reform changes to fringe benefit deductions affect business’s bottom line Tax Reform Tax Tip 2019-01, Find out how tax reform affects your businesses' bottom line at IRS.gov 2018 Tax Reform Tax Tip 2018-196, These videos will help taxpayers learn more about how tax reform affects their taxes Tax Reform Tax Tip 2018-197, New IRS resources on IRS.gov help businesses understand tax reform Tax Reform Tax Tip 2018-194, Businesses can visit IRS.gov to find out how tax reform affects their bottom line Tax Reform Tax Tip 2018-192, Tax reform brings changes to qualified moving expenses Tax Reform Tax Tip 2018-191, Tax reform creates opportunity zone tax incentive Tax Reform Tax Tip 2018-190, Tax reform law makes changes to employee achievement award rules Tax Reform Tax Tip 2018-183, New tax credit benefits employers who provide paid family and medical leave Tax Reform Tax Tip 2018-179, Some S corporations may want to convert to C corporations Tax Reform Tax Tip 2018-177, Tax Reform changes depreciation limits on luxury automobiles Tax Reform Tax Tip 2018-173, After tax reform, many corporations will pay blended tax rate Tax Reform Tax Tip 2018-172, Here’s how tax reform changed accounting methods for small businesses Tax Reform Tax Tip 2018-170, Tax reform changes to depreciation deduction affect farmers’ bottom line Tax Reform Tax Tip 2018-169, Here’s how tax reform affects farmers and ranchers Tax Reform Tax Tip 2018-168, Newly revised publication helps taxpayers understand changes to backup withholding Tax Reform Tax Tip 2018-166, Business owners can claim a qualified business income deduction Tax Reform Tax Tip 2018-163, Webinars help employers, businesses and tax preparers understand tax reform law Tax Reform Tax Tip 2018-162, Tax reform brings changes to fringe benefits that can affect an employer’s bottom line Tax Reform Tax Tip 2018-158, IRS resources can help small businesses better understand how tax reform affects their bottom line Tax Reform Tax Tip 2018-157, New 100-percent depreciation deduction benefits business taxpayers Tax Reform Tax Tip 2018-149, New credit benefits employers who provide paid family and medical leave Tax Reform Tax Tip 2018-119, Business owners can visit IRS.gov for resources to help understand tax reform Tax Reform Tax Tip 2018-69, How the Employer Credit for Family and Medical Leave benefits employers Tax Reform Tax Tip 2018-68, Tax Reform: Changes to depreciation affect businesses now Fact Sheets 2019 FS-2019-12, Employers may claim tax credit for providing paid family and medical leave to employees FS-2019-8, Facts About the Qualified Business Income Deduction FS-2019-3, IRS highlights tax reform changes that affect businesses 2018 FS-2018-19, What’s new for farmers in 2018? FS-2018-17, The Highlights of Tax Reform for Businesses FS-2018-9, New rules and limitations for depreciation and expensing under the Tax Cuts and Jobs Act Tax Info to Share 2018-2019 Tax Reform changes the rules about Net Operating Losses Tax Reform changes excess business loss limits New credit benefits employers providing paid family and medical leave Tax reform changes accounting method rules for businesses Tax reform affects employee achievement awards Tax reform changes qualified moving expense reimbursements Tax Reform creates opportunity zone tax incentive Tax Reform limits like-kind exchanges S-corporations may want to convert to C-corporations New tax law offers 100-percent, first-year ‘bonus’ depreciation New tax law changes business expensing Changes to depreciation limits on luxury automobiles How tax reform affects farmers and ranchers Tax reform changes to depreciation deduction affect farmers IRS resources help small businesses understand tax reform New 100-percent depreciation deduction for businesses Taxpayers may be eligible for a qualified business income deduction New tax law changes backup withholding rate Tax law changes affect fringe benefit deductions and your taxes Guidance Regulations REG-120186-18, Investing in Qualified Opportunity FundsPDF REG-120186-18, Request for Information on Data Collection and Tracking for Qualified Opportunity ZonesPDF Revenue Procedures Rev. Proc. 2019-38, IRS finalizes safe harbor to allow rental real estate to qualify as a business for qualified business income deductionPDF Rev. Proc. 2019-26, Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability (Tables of limitations on depreciation deductions for owners of passenger automobiles)PDF