Uncertainty about significant tax changes proposed in the Build Back Better bill require attention and action from taxpayers.
Senate Finance Committee Build Back Better language largely leaves House Bill unchanged. SALT language omitted as well as billionaires’ tax.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
Proposed Excess Business Loss limits could hurt real estate pro’s, others with active losses, including cash losses.
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
Companies that have taken care of their workers, embraced technology and adjusted to a rapidly evolving marketplace have been rewarded.
A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.
Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
Guidance provides procedures to implement the retroactive 30-year ADS recovery period for residential rental property.
New details of President Biden’s tax plan are shaping congressional negotiations and middle market considerations.
Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
RSM US LLP real estate professionals discuss the future of tax and technology automation, and how it can help real estate firms.
IRS postpones certain filing, payment and other deadlines for taxpayers affected by Tennessee storms, wind, tornadoes, and flooding.
IRS warns taxpayers claiming self-employment tax exemption under IRC section 1402(a)(13) to be mindful of adverse Tax Court precedent.
Summary of the American Families Plan and the potential impact that it could have on the real estate industry.