Blog Posts Tagged With TCJA Regulatory Guidance

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IRS Releases New Withholding Tables

Late last week the IRS issued updated withholding tables to conform employee wage withholding to the new tax rates put in place by the Tax Cuts and Jobs Act (you can read more about the TCJA here). The new tables are designed to work with existing W-4s, although the IRS also announced that it is developing a new W-4 for use in future tax years. Employers are required to begin using the new wage withholding tables by February 15, 2018. You can view the new wage withholding tables here.
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Treasury Issues Guidance on Deemed Repatriation

Just days after the bill popularly known as the Tax Cuts and Jobs Act (the “TCJA”) was signed into law on December 22, the Treasury Department issued Notice 2018-07, summarizing the regulations Treasury intends to issue on the manner in which taxpayers will determine amounts included in gross income by a United States shareholder under the deemed repatriation provisions of the TCJA.   You can read the Notice here.
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