Tax Notes Talk

Send us a textWilliam Hoffman checks in on the the first round of tax filings under the Tax Cuts and Jobs Act, including the data on refunds and the effect of the government shutdown on the filing season.For more detailed coverage, read these articles in Tax Notes:Refunds Turn Higher, but Treasury Warns of ChangesPolicymakers Debate Causes, Remedy for Tax Refund LagEconomic Analysis: Will Disappointing Refunds Derail the TCJA?IRS Recovery From Shutdown ‘Amazing,’ Rettig SaysDon’t Blame Smaller Refunds on Withholding Tables, Says TreasuryTax Refunds Turn Into Political Football as Treasury Calls FoulFiling Season Stats Down Across the Board in First IRS NumbersNeither Bang Nor Whimper, Filing Season Starts With a Grind

Send us a textKimberly Clausing, the Thormund Miller and Walter Mintz Professor of Economics at Reed College, discusses tariffs, free trade, and globalization. She is also the author of the new book, Open: The Progressive Case for Free Trade, Immigration, and Global Capital.

Send us a textRichard Joslin, a consultant to EnTrustPermal, discusses how the new business loss and interest expense limitations work together and affect other code provisions.For more details, read Joslin's article in Tax Notes.

Send us a textCarrie Elliot talks about the changes the Tax Cuts and Jobs Act will bring between now and 2027, including rate increases.

Send us a textEric Yauch discusses the final rules on the centralized partnership audit regime.For additional coverage, read these articles in Tax Notes:Audit Regime Raises Need for Appeals GuidancePractitioners Suggest Options for Debt Issues in Audit RegimeFinal Audit Regs Put Focus on Debt MischaracterizationFinal Audit Regs Clarify What’s In, What's Out of New RegimeNew Final Partnership Audit Rules Provide Several Clarifications

Send us a textTax Notes contributing editor Benjamin Willis examines the authority of regulators in interpreting statutory tax provisions, especially in the context of the Tax Cuts and Jobs Act as the role of regulations has become more prominent. Read Willis’s related Tax Notes article.

Send us a textRobert Goulder discusses the proposal to eliminate the EU's unanimity requirement for tax directives and what that would mean for tax policy. For additional coverage, read these articles in Tax Notes:Should the EU Scrap the Unanimity Requirement?Cost of Unanimity on Tax Rules Will Only Increase, Group SaysProposal to End EU Unanimity Requirement Coming by Year-EndEU's Moscovici Says Commission to Propose Qualified Voting on Tax MeasuresNews Analysis: Is the End Near for the Unanimity Rule for EU Tax Issues?

Send us a textJonathan Curry takes a fresh look at the tax regulatory review agreement between the Office of Management and Budget and Treasury now that the process has had time to play out.For further coverage, read these articles in Tax Notes:OIRA Review of Tax Regs Presses on Despite ShutdownA Look Ahead: Treasury, OIRA to Chart New Territory as Final Regs Flood InTreasury, OIRA Still at Odds Over When Tax Regs Merit ReviewTax Regs Deemed Significant Skyrocket Under New Agenda

Send us a textJeremy Scott, Stephanie Cumings, and Andrew Velarde provide a review of what happened with tax legislation and guidance in 2018 and what's ahead in 2019.For additional coverage, read these articles in Tax Notes:Neal Planning for TCJA Hearing by January’s EndA Look Ahead: Legislators Queuing Up Multiple Retirement BillsA Look Ahead: Healthcare Tax Policy Could Stem From Divided CongressHouse Passes GOP Tax Bill With No Hope for EnactmentA Look Ahead: Awaiting Clarification of 199A and Audit Regime RulesA Look Ahead: Questions Abound on Exec Comp Grandfathering RuleA Look Ahead: 2019 Should See Final Bonus and Tax Accounting Regs

Send us a textIn the second volume, reporters highlight the quirkiest tax stories of the year.For coverage of these stories in Tax Notes, see:Meals Deduction Guidance Comes Off the Back BurnerNew Business Meals Guidance Creates Substantiation ConcernsCalifornia Pot Money Takes Long, Strange Trip to BankHistoric $5.6 Million Washington State Tax Zapper Case Dismissed Cheesecake Factory Asks for Cherry on Top