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Copied from Tax Pro Today: Expired tax breaks Approximately 30 tax breaks that had been given short-term extensions over a number of years expired at the end of 2017. There had been some debate as to whether those tax breaks would continue after the Tax Cuts and Jobs Act, but Congress extended them through 2017 in early 2018, resulting in some need to revise software systems and tax forms for the 2017 tax return filing season. Congress is again considering what to do with those expired provisions well after their expiration. The initial proposal had been to extend them retroactively for 2018 and preserve them for 2019. As time passes without enactment, however, the chances increase that many of those expired provisions will not be extended. Another issue that may push some of the tax breaks to the sidelines is that Democrats would prefer that any extension be paid for, but offsetting revenue-raisers appear to be in short supply. Besides a few individual tax breaks, most of the expired provisions relate to energy or to specific industries. Democrats have been working on a more simplified structure for energy tax breaks, focused on renewable energy, and that initiative might replace many of the energy-related expired tax breaks. Lobbying activity continues in an effort to restore a number of these tax breaks, including credits for biodiesel and railroad track maintenance, but, as time passes without action, the number of expired provisions likely to receive retroactive extension, or any extension at all, continues to diminish.

Amen!

May they rest in peace.

Copied from Tax Pro Today: Technical corrections While a number of errors have been identified in the TCJA, Democrats have been reluctant to help the Republicans correct errors in legislation that passed without Democratic input without getting something in return. That issue continues to be the impediment to passage of technical corrections. A “grain glitch” in the TCJA was corrected in budget legislation early in 2018 by giving something to the Democrats on low-income housing. A so-called “retail glitch” involving the depreciation of leasehold improvements, retail improvements and restaurant property (referred to as qualified improvement property under the TCJA) and an error in the dates applicable to changes to net operating losses are the two most substantive errors for which corrections are being sought. The repeal of the Kiddie Tax changes made by the TCJA, as proposed in the current retirement legislation in Congress, could also be viewed as a TCJA correction. Ways and Means Committee Chair Richard Neal, D.-Mass., may seek an expansion of the Earned Income Tax Credit and the Child Tax Credit as part of any bargain. Some Republicans and Democrats from high-tax states are also pushing for repeal of the TCJA limit on the state and local tax deduction. However, this is viewed as a fix that would largely benefit higher-income taxpayers, and Democrats may not want to focus on that with the theme of the 2020 election campaigns being help for the middle class. There is also a bipartisan bill to restore a deduction for performing artists that was removed by TCJA. In spite of the clear unintended consequences in the TCJA for qualified improvement property and net operating losses, movement on technical corrections does not seem to be a top priority in the House and might not get enacted in 2019.

Darn. I like the new kiddie tax, though I hear that some kids tax went up. I'd prefer they just come up with a new kiddie tax table and keep the new simpler method of calculation, rather than go back to the tortured way used to be.

Clergy deduct business expenses as an adjustment to Line 2 of Sch SE, see the third column of page one of the Instructions: https://www.irs.gov/pub/irs-pdf/i1040sse.pdf If you use ATX, right click the line to go to a worksheet to explain. I have to ask if there's an extra zero on the mileage. 55,000 miles is 150 miles a day for 365 days.

An accountable plan is very fair to everyone. Reimbursements are not income to your client. Reimbursements are deductible by his employer; although, in this case not needed by his employer.

My Dads impression............

The courts have held HVAC as personal property in cases where the primary purpose is to maintain the proper temperature and humidity of equipment. Such as in the case of Piggly Wiggly v Com. where primary purpose of HVAC was to meets the needs of refrigeration equipment instead of the comfort of customers and employees.

That would depend on your selections of notifications you receive. Two reasons I can think of for you not receiving a notification are because I didn't quote you, and you aren't "following" this topic. You can also get popup notifications if you set your browser to do that, AND that only happens when you are logged in and are active on the site either directly or by leaving a tab open.