Major tax changes approved by Congress became law on December 22, 2017. The IRS is working on implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available. Check this page for updates and resources.
IRS News Releases & Statements
IR-2018-05, Jan. 11, 2018 — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month.
IR-2017-212, Dec. 29, 2017 — The Treasury Department and the Internal Revenue Service today issued Notice 2018-07, which provides guidance for computing the “transition tax” under recent tax legislation enacted on Dec 22, 2017.
IR-2017-210, Dec. 27, 2017 — The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances.
Dec. 26, 2017 — The IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22.
Frequently Asked Questions
IRS Withholding Tables Frequently Asked Questions
Notice 2018-08, Revised Timeline and Other Guidance Regarding the Implementation of New Section 1446(f)
Notice 2018-07, Guidance under Section 965 (Deferred Foreign Income Corporations)