September 27, 2018
by Dean Zerbe for alliantgroup
Published in Forbes

I recently wrote on the taxpayer rights/tax administration provisions that the Congress may pass before the end of the year – and now want to turn to the individual (mostly) and retirement tax provisions that Congress is considering as well.

The House Ways and Means Committee chaired by Congressman Brady (R-TX) recently passed – and the House is expected to pass shortly – three tax bills: HR 6760 – essentially an extension/permanency of the families/individual provisions from tax reform; HR 6757 – improvements in retirement savings; and, HR 6756 – a small bill to help start-ups.

While the extension of the individual provisions is a big lift and the outlook is very uncertain (with the received wisdom being that this will be put-off until down the road when the provisions are closer to expiring – 2025) – the possibilities of passing retirement provisions […]

September 4, 2018
by Dean Zerbe for alliantgroup
Published in Forbes

The House and the Senate tax-writing committees have been working on (and the House has passed) some small-ball bipartisan tax legislation that can be grouped into two parts: 1) provisions that address taxpayer rights and tax administration; and, 2) provisions that are making substantive changes to the tax laws in areas such as retirement/401(k), education, etc. In addition, tax extenders (especially energy extenders) is in the conversation as well. There is a good possibility that Congress acts on this legislation (all, or in part) before the end of year.

For this article, a look at the taxpayer rights/administration legislation – and in a second article an overview of the substantive tax law changes being proposed.

The House

The House has passed a number of taxpayer rights/tax administration bills – primarily