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.
Family offices affected by income and transfer tax increases on individuals, estates and trusts proposed by House Ways and Means Committee.
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.
Guidance provides procedures to implement the retroactive 30-year ADS recovery period for residential rental property.
During conversations on Saturday June 5, 2021, the G7 made historic strides toward multilateral agreement on a 15% global minimum tax rate.
New details of President Biden’s tax plan are shaping congressional negotiations and middle market considerations.
Summary of the American Families Plan and the potential impact that it could have on the real estate industry.
Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes.
From retroactivity to loss of planning techniques, this year we face a unique set of concerns when considering gift and estate planning.
Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.
Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.
The final regulations broaden the definition of real property compared to the more restrictive definition in the proposed regulations.
Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
Provides more time to elect out of 163(j) interest deduction limitation for taxpayers with certain real property or farming businesses.