Resources for Tax Law Changes.

Major tax changes approved by Congress became law on December 22, 2017. The IRS is working on implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available. Check this page for updates and resources.

IRS News Releases & Statements

Updated 2018 Withholding Tables Now Available; Taxpayers Could See Paycheck Changes by February

IR-2018-05, Jan. 11, 2018 — The Internal Revenue Service today released Notice 1036, which updates the income-tax withholding tables for 2018 reflecting changes made by the tax reform legislation enacted last month.

IRS Issues Guidance on Transition Tax on Foreign Earnings

IR-2017-212, Dec. 29, 2017 — The Treasury Department and the Internal Revenue Service today issued Notice 2018-07, which provides guidance for computing the “transition tax” under recent tax legislation enacted on Dec 22, 2017.

IRS Advisory: Prepaid Real Property Taxes May Be Deductible in 2017 if Assessed and Paid in 2017

IR-2017-210, Dec. 27, 2017 — The Internal Revenue Service advised tax professionals and taxpayers today that pre-paying 2018 state and local real property taxes in 2017 may be tax deductible under certain circumstances.

IRS Statement: Withholding for 2018

Dec. 26, 2017 — The IRS is working to develop withholding guidance to implement the tax reform bill signed into law on December 22.

Frequently Asked Questions

IRS Withholding Tables Frequently Asked Questions

Legal Guidance

Notice 2018-08, Revised Timeline and Other Guidance Regarding the Implementation of New Section 1446(f)

Notice 2018-07, Guidance under Section 965 (Deferred Foreign Income Corporations)

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