The American Rescue Plan Act of 2021 (ARPA, 2021) was signed by President Biden on March 11, 2021 to address the continuing economic impact on employers and employees the coronavirus (COVID-19) pandemic has posed. The ARPA...more
3/19/2021
/ American Rescue Plan Act of 2021 ,
Biden Administration ,
CARES Act ,
Child Tax Credit ,
COBRA ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Covered Employees ,
Dependent Care ,
Earned Income Credit ,
Employee Retention ,
Families First Coronavirus Response Act (FFCRA) ,
Financial Stimulus ,
Gig Economy ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Loan Forgiveness ,
Paid Sick Leave ,
Payroll Taxes ,
Relief Measures ,
Repeal ,
Reporting Requirements ,
Section 162(m) ,
Sharing Economy ,
Sick Leave ,
Student Loans ,
Tax Credits ,
Tax Deductions ,
Unemployment Insurance
The IRS and Treasury Department released final regulations on January 7, 2021, that govern the tax treatment of partnership and LLC interests related to services, so-called carried interests, a/k/a applicable partnership...more
1/25/2021
/ APIs ,
Capital Gains Tax ,
Carried Interest ,
Income Taxes ,
IRS ,
Limited Liability Company (LLC) ,
New Regulations ,
Partnerships ,
Tax Cuts and Jobs Act ,
Tax Rates ,
U.S. Treasury