The Withholding update date will likely Slip.

[william the wie]

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

 

[Admiral Rockwell Tory]

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

 

[william the wie]

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

Don't hold your breath. A huge hunk of their payroll is seasonal and attrition costs less than court battles with the unions. And some of the changes are buried deep. As part of the jobs bill a non-WTO compliant tariff was added designed to punish out-sourcers only. And the first I heard about it was a complaint by France about the non-compliance so a purportedly 10% tariff to reduce the balance of payments and finance infrastructure will be seen. This should be thrilling, especially for the Ds. The west coast ports that unload the Far East exports will be mostly replaced by Chinese subsidiaries in AL and MS.

 

[Admiral Rockwell Tory]

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

Don't hold your breath. A huge hunk of their payroll is seasonal and attrition costs less than court battles with the unions. And some of the changes are buried deep. As part of the jobs bill a non-WTO compliant tariff was added designed to punish out-sourcers only. And the first I heard about it was a complaint by France about the non-compliance so a purportedly 10% tariff to reduce the balance of payments and finance infrastructure will be seen. This should be thrilling, especially for the Ds. The west coast ports that unload the Far East exports will be mostly replaced by Chinese subsidiaries in AL and MS.

What does any of that have to do with withholding?

 

[william the wie]

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

Don't hold your breath. A huge hunk of their payroll is seasonal and attrition costs less than court battles with the unions. And some of the changes are buried deep. As part of the jobs bill a non-WTO compliant tariff was added designed to punish out-sourcers only. And the first I heard about it was a complaint by France about the non-compliance so a purportedly 10% tariff to reduce the balance of payments and finance infrastructure will be seen. This should be thrilling, especially for the Ds. The west coast ports that unload the Far East exports will be mostly replaced by Chinese subsidiaries in AL and MS.

What does any of that have to do with withholding?

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

Don't hold your breath. A huge hunk of their payroll is seasonal and attrition costs less than court battles with the unions. And some of the changes are buried deep. As part of the jobs bill a non-WTO compliant tariff was added designed to punish out-sourcers only. And the first I heard about it was a complaint by France about the non-compliance so a purportedly 10% tariff to reduce the balance of payments and finance infrastructure will be seen. This should be thrilling, especially for the Ds. The west coast ports that unload the Far East exports will be mostly replaced by Chinese subsidiaries in AL and MS.

What does any of that have to do with withholding?

What ever the regulation writers decide to add to withholding. Treasury like the DOJ has its own partisan and professional agendas and an unknown amount of latitude.

If someone moves at the end of the school year from a high SALT to a low SALT state is the Maximum SALT deduction based on jurisdiction or SSN? that is a $10,000 difference in withholding. There is currently a 450,000/yr net interstate out migration from CA, IL & NY that is expected to increase even with SSN as the deduction but if Treasury goes with taxes by jurisdiction then another 9T in tax deductions could be created by that decision. There are quite a few green-shade decisions that can be made such as tariff deductions or lack thereof. The Children of lawyers will not have to worry about student loans.

 

[Admiral Rockwell Tory]

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

Don't hold your breath. A huge hunk of their payroll is seasonal and attrition costs less than court battles with the unions. And some of the changes are buried deep. As part of the jobs bill a non-WTO compliant tariff was added designed to punish out-sourcers only. And the first I heard about it was a complaint by France about the non-compliance so a purportedly 10% tariff to reduce the balance of payments and finance infrastructure will be seen. This should be thrilling, especially for the Ds. The west coast ports that unload the Far East exports will be mostly replaced by Chinese subsidiaries in AL and MS.

What does any of that have to do with withholding?

You may recall that treasury in the Obama era stopped tax inversions without laws, precedent or any of the other frills usually associated with Treasury regulation.

The tax bill is a foot thick and nobody has yet read the whole damn thing through.

The regulation writers at treasury effectively have a blank slate to send to the courts.

Then there are all the errata bills that will be attached to the continuing resolution to keep the government going. that will cause a complete regulatory restart just before the withholding update.

Fun will be had by all.

I am waiting for the announcement of layoffs at the IRS.

Don't hold your breath. A huge hunk of their payroll is seasonal and attrition costs less than court battles with the unions. And some of the changes are buried deep. As part of the jobs bill a non-WTO compliant tariff was added designed to punish out-sourcers only. And the first I heard about it was a complaint by France about the non-compliance so a purportedly 10% tariff to reduce the balance of payments and finance infrastructure will be seen. This should be thrilling, especially for the Ds. The west coast ports that unload the Far East exports will be mostly replaced by Chinese subsidiaries in AL and MS.

What does any of that have to do with withholding?

What ever the regulation writers decide to add to withholding. Treasury like the DOJ has its own partisan and professional agendas and an unknown amount of latitude.

If someone moves at the end of the school year from a high SALT to a low SALT state is the Maximum SALT deduction based on jurisdiction or SSN? that is a $10,000 difference in withholding. There is currently a 450,000/yr net interstate out migration from CA, IL & NY that is expected to increase even with SSN as the deduction but if Treasury goes with taxes by jurisdiction then another 9T in tax deductions could be created by that decision. There are quite a few green-shade decisions that can be made such as tariff deductions or lack thereof. The Children of lawyers will not have to worry about student loans.

You must work for the IRS to make that crap so unnecessarily complicated.

Withholding should be based on your income. Any adjustments for deductions should be the responsibility of the taxpayer through their W-4. If they don't withhold enough, pay the penalty. If they withhold too much, oh well! They'll get a refund.

 

[william the wie]

Sorry that is the first thing you learn about the net present value of money. It compounds little differences into gigantic differences.