The House Ways and Means Committee this week released draft legislation advancing various tax change proposals. The House action follows several recent releases by the Senate Finance Committee, including proposals focused on...more
On Friday, September 10, 2021, Senate Finance Committee Chairman Ron Wyden released a discussion draft and legislative text that would dramatically change existing partnership tax rules. According to the discussion draft, the...more
On Jan. 19, 2021, the Internal Revenue Service and the Treasury Department published final regulations on the Section 1061 “carried interest” rules (T.D. 9945). The final regulations generally adopt proposed regulations...more
The president today will sign legislation that modifies the Paycheck Protection Program (PPP) retroactively to the date of the passage of the Coronavirus Aid, Relief, and Economic Security (CARES) Act as follows: 1. Extension...more
On April 23, 2020, the Small Business Administration (SBA) issued clear guidance concerning the Paycheck Protection Program (PPP), mandating borrowers must need the money or else they should pay it back. The guidance is...more
The Senate has approved legislation known as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which is designed to provide much needed economic relief to individuals and businesses devasted by COVID-19. ...more
As you likely have heard, the President signed the American Taxpayer Relief Act (H.R. 8) (the "Act") on January 2, 2013. The Act, popularly known as the "fiscal cliff" legislation, permanently extends the Bush era tax cuts...more
1/4/2013
/ 3.8% Medicare Tax ,
Alternative Minimum Tax ,
American Taxpayer Relief Act ,
Bush-Era Tax Cuts ,
Business Taxes ,
Capital Gains ,
Estate Tax ,
Fiscal Cliff ,
Generation-Skipping Transfer ,
Gift-Tax Exemption ,
Income Taxes ,
Payroll Taxes ,
Production Tax Credit ,
Tax Extensions