Tag: IRS

At NAHB’s Urging, IRS to Waive 2018 Withholding Penalties for Most Filers

Filed in Economics by mechanical on January 17, 2019 • 0 Comments
At NAHB’s Urging, IRS to Waive 2018 Withholding Penalties for Most Filers

The Internal Revenue Service (IRS) has announced that it is waiving the tax penalty for many home builders and other small businesses that pay estimated quarterly taxes but whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.

Read more »

Upcoming Webinars to Clarify New Tax Law

Filed in Tax Reform Toolkit by mechanical on October 17, 2018 • 4 Comments
Upcoming Webinars to Clarify New Tax Law

Still confused about the new tax law? Then take advantage of two upcoming opportunities to hear directly from the IRS about the changes made to the business tax code.

Read more »

NAHB Asks IRS to Clarify Key Questions on Opportunity Zones

Filed in Tax Reform Toolkit by mechanical on September 11, 2018 • 0 Comments
NAHB Asks IRS to Clarify Key Questions on Opportunity Zones

NAHB has joined the Bipartisan Policy Center and eight other national organizations to ask Acting Internal Revenue Service Commissioner David Kautter to issue guidance on key issues facing investors interested in opportunity zones, established as part of the Tax Cuts and Jobs Act of 2017.

Read more »

Treasury Releases Draft Regulations for 20% Pass Through Entities

Filed in Codes and Regulations by mechanical on August 8, 2018 • 1 Comment
Treasury Releases Draft Regulations for 20% Pass Through Entities

The Treasury Department today released draft regulations for the new 20% pass through entity deduction under the Tax Cuts and Jobs Act of 2017.

The proposed regulations concern the deduction for qualified business income under Section 199A of the Internal Revenue Code.

Read more »

New IRS Campaign Targets S-Corp Compliance

Filed in Business Management, Codes and Regulations by mechanical on July 6, 2018 • 1 Comment
New IRS Campaign Targets S-Corp Compliance

The Internal Revenue Service on July 2 announced that it is launching five new compliance campaigns, including one that will seek to stop S corporations from abusing the rules governing pass-through entities.

Read more »

What Happened to the Alternative Minimum Tax?

Filed in Codes and Regulations, Tax Reform Toolkit by mechanical on July 5, 2018 • 0 Comments
What Happened to the Alternative Minimum Tax?

While the corporate alternative minimum tax (AMT) was abolished permanently by recent legislation, the individual AMT still exists. However, the rules are now more taxpayer friendly, and other changes to the tax code reduce the odds that NAHB members will owe the AMT while the changes are in effect. Here’s the details.

Read more »

Expiring Provisions of the Tax Cuts and Jobs Act

Filed in Economics, Tax Reform Toolkit by mechanical on June 21, 2018 • 0 Comments
Expiring Provisions of the Tax Cuts and Jobs Act

The Tax Cuts and Jobs Act (TCJA), signed into law at the end of 2017 by President Trump, added 52 temporary provisions to the tax code that will expire between this year and 2027. Nearly half of these expiring tax provisions will lapse at the end of 2025, many of which are of most interest to […]

Read more »

NAHB Seeks Safe Harbor for Quarterly Filers

Filed in Economics by mechanical on June 8, 2018 • 0 Comments
NAHB Seeks Safe Harbor for Quarterly Filers

NAHB has called on the Internal Revenue Service to provide a safe harbor for anxious home builders and other small business that pay estimated quarterly taxes but don’t yet know how recent tax reform legislation will be implemented – and thus may underpay.

Read more »

Treasury, IRS to Release Regulations on SALT Workarounds

Filed in Codes and Regulations by mechanical on May 23, 2018 • 0 Comments
Treasury, IRS to Release Regulations on SALT Workarounds

The Department of Treasury and Internal Revenue Service (IRS) have released Notice 2018-54, which announces their intention to propose regulations addressing state legislative proposals that create a workaround for the newly imposed limits to the state and local tax deduction. In plain language, the IRS is warning taxpayers that just because the state law permits them, it does not make the workaround deductible under federal tax law.

Read more »

About Those Changes to the Business Interest Deduction

Filed in Business Management, Economics, Tax Reform Toolkit by mechanical on April 27, 2018 • 0 Comments
About Those Changes to the Business Interest Deduction

The new tax law places limitations on the business interest deduction and the treatment of business interest expenses. The good news: An exception was made for real estate businesses.

Read more »

Next »

Subscribe to NAHBNow

Enter your email address to receive notifications of new posts by email.

Advertisement

The best prices

NAHB Home Tweets

  • Why do Americans move? 55% move “for a better home,” 46% for “a better neighborhood” and 39% “to form a household,”…

  • Very interesting research on definitions of suburbs. The authors will be discussing the paper in a seminar today at…

  • The ⁦⁩ are rocking the Closing Spike Concert at . A great show to end a great show. See you nex…

Advertisement

Advertisement

  • Reasons Why Home Buyers Move
  • Existing Home Sales Dropped for the Third Straight Month in January
  • Multifamily Builder and Developer Confidence Weakens Slightly in Fourth Quarter
  • Lower Interest Rates, Rising Consumer Confidence Boost Builder Sentiment
  • Interest Rates on Construction Loans Showed Rising Trend in 2018
  • Serious Delinquency Rate Continues its Decline

About

NAHBNow is the official blog of the National Association of Home Builders and your one-stop source for home building industry news, product information and educational resources.

Disclaimer

Questions or Comments?

Advertisement


Search

The last notes

  • Signature Kitchen Suite Continues its Support of NAHB Membership
  • Energy Efficiency and Indoor Air Quality Top Buyers’ Green Preferences
  • HUD to Radically Cut Advance Notice of Housing Inspections






© 2019 mechanical | A huge news blog for builders All rights reserved. .