The Haefele Flanagan Newsletter
August 2018
IRS & Treasury Propose Regulations on SALT Deduction Charitable Workarounds
The U.S. Department of the Treasury and the Internal Revenue Service issued proposed regulations providing rules on the availability of charitable contribution deductions when the taxpayer receives or expects to receive a corresponding state or local tax credit.

Small Businesses Get Automatic Consent for Accounting Method Change
The Internal Revenue Service issued guidance on new tax law changes that allow small business taxpayers with average annual gross receipts of $25 million or less in the prior three-year period to use the cash method of accounting.
 
IRS Ruling Allows 401(k) Student Loan Benefits
On Aug. 17, the Internal Revenue Service released a private letter ruling that could make it easier for employers to use their 401(k) plans to assist their employees who are repaying student loan debt.

Guess the Theme Contest
You could win $100 just by guessing the theme of our annual Open House!

Tell us what theme you think we chose this year. If you're correct, you'll be entered into a drawing to win a $100 Visa gift card!


(1 Guess Per Person)
Published by Haefele Flanagan Copyright © 2018 Haefele, Flanagan & Co., p.c.. All rights reserved. IRS Circular 230 Disclosure: To ensure compliance with requirements imposed by the Internal Revenue Service, we inform you that any tax advice contained in this communication (including any attachments) was not intended or written to be used, and cannot be used, for the purpose of (i) avoiding tax related penalties or (ii) promoting, marketing or recommending to another party any tax-related matters addressed in this communication. Confidentiality Notice: This Email and any files transmitted with it are intended only for the use of the addressee and may contain information that is legally privileged and confidential. It is solely for use by the individual for whom it is intended, even if addressed incorrectly. If you are not the intended recipient, you are hereby notified that any dissemination of this communication is strictly prohibited and are asked to please notify the sender and delete it from your system. Thank you for your compliance.
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