The Tax Cuts and Jobs Act (H.R. 1) has been approved by Congress and is on its way to the White House. H.R. 1, as approved by Congress, impacts virtually every individual and business on a level not seen in over 30 years. As with any tax bill, however, there will be "winners" and "losers." This historic bill calls for lowering the individual and corporate tax rates, repealing countless tax credits and deductions, enhancing the child tax credit, boosting business expensing, and more. The bill also impacts the Affordable Care Act (ACA), effectively repealing the individual shared responsibility requirement. Highlights:
Read more in this NSA/CCH Special Report, Click below to download.
NSA leadership today sent a letter to IRS Acting Commissioner, David Kautter requesting an extension of the time by which a corporation must elect to be treated as an S corporation. The request is made ...
Updated Withholding Calculator, Form W-4 Released; Calculator Helps Taxpayers Review Withholding Following New Tax Law
The IRS released an updated Withholding Calculator on IRS.gov and a new version ...
NSA Executive Vice President John Ams discussed the prospects for tax preparer regulation with Sen Ron Wyden and two members of the Senate Finance Committee staff at an event over the weekend. EVP Ams ...
1330 Braddock Place, Suite 540
Alexandria, VA 22314
For Advertisers and Sponsors
Find A Professional
NSA Scholarship Foundation
Affiliated State Organizations
Accreditation Council for Accountancy and Taxation (ACAT)