Federal Spending Bill Includes Tax Provisions
The Consolidated Appropriations Act, 2018, H.R. 1625, which is the $1.3 trillion spending bill that Congress passed, contains a few tax-related provisions, including funding for the IRS and technical corrections to various recent pieces of tax legislation.Â It also amends the centralized partnership audit regime and changes the Sec. 199A deduction for farmers who sell grain to agricultural cooperatives.
To read the full article in the Journal of Accountancy, click: Federal Spending Bill Includes Tax Provisions.