The Tax Adviser Archives

The IRS 2018 Inflation-Adjusted Tax Tables and Many Other Tax Provisions

On Thursday, the IRS issued the annual inflation adjustments for 2017 for more than 50 tax provisions as well as the 2017 tax rate tables for individuals and estates and trusts (Rev. Proc. 2017-58). These provisions are used to file tax year 2018 returns in 2019. Most provisions are increasing for inflation in 2018, including …read more

IRS Revised Safe Harbor for Private Business use of Tax-Exempt Bond Financed Property

In Rev. Proc. 2016-44, the IRS issued new safe-harbor procedures under which a management contract does not result in private business use of property financed with governmental tax-exempt bonds under Sec. 141(b) or cause the modified private business use test under Sec. 145(a)(2)(B) to be met for property financed with qualified 501(c)(3) bonds. Private Business …read more

IRS Issues 2017 Inflation Adjustments for Many Tax Provisions

IRS Issues 2017 Inflation Adjustments for Many Tax Provisions The IRS issued the annual inflation adjustments for 2017 for more than 50 tax provisions as well as the 2017 tax rate tables for individuals and estates and trusts (Rev. Proc. 2016-55). These provisions are used to file tax year 2017 returns in 2018. One of …read more