11
OCT
2018

AGC Continues to Push for Fix for “Retail Glitch”

On Oct. 9, AGC joined industry allies in urging Secretary of the Treasury Steven Mnuchin to have the Internal Revenue Service (IRS) issue interim guidance to correct a drafting error from the Tax Cuts and Jobs Act (TCJA) that accidentally changed the depreciation period for...
05
JAN
2018

Trump Signs Tax Reform Legislation

IRS Begins Process of Administering New Law On Dec. 22, President Trump signed into law H.R. 1, the Tax Cuts and Jobs Act. Most of the tax reform law’s provisions went into effect on Jan. 1, creating a challenge for the Internal Revenue Service (IRS) and the Department of the...