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Latest Compliance News

Internal Revenue Services (IRS) Resources for Tax Law Changes

03/01/18

Author: ADP Admin/Monday, February 26, 2018/Categories: Compliance Corner

Major tax changes approved by Congress in the Tax Cuts and Jobs Act (TCJA) became law on December 22, 2017. The IRS is working on implementing this major tax legislation, which will affect both individuals and businesses. They will be providing information and guidance to taxpayers, businesses and the tax community as it becomes available, and have created a special page titled “Resources for Tax Law Changes,” which can be accessed here.

This frequently updated page will include a "one-stop" listing of new legal guidance, news releases, IRS statements, Frequently Asked Questions, and other information related to TCJA. We encourage employers to bookmark this page and check it regularly for the latest information as the IRS works to implement these changes.

Additionally, the IRS continues to update the “Statements – Withholding for 2018” here to help provide businesses with guidance on the recent law changes to withholding.

For additional information on the Tax Cuts and Jobs Act, please click here.

We also advise that you continue to watch for updates in this newsletter. We will continue to publish updates as information and guidance on the TCJA become available.