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Showing content with the highest reputation on 07/01/2019 in Posts
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The tie-breaking rules come into play if BOTH parents claim the child in the same year. Then, the IRS will apply the tie-breaker.2 points
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I'm not sure why your client got that notice, but if it is a straightforward as you say, here is the text of the TCJA as signed into law that answers it: Sec 11(b) of the tax code now reads as follows:1 point
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The new rate applies to tax years beginning in 2018. What tax year is the notice for?1 point
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PSC C corps now pay the same rate of 21%. Some early proposals had the PSC rate at 25% but that didn't make it to the final legislation that was passed. PHC tax and accumulated earnings tax are both still in effect, rate unchanged at 20%.1 point
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You made virtually the same post back on the 21st. Are you trolling?1 point
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Dear Kam, Would you please repeat the question? Thanks.1 point