News Category: Tax Advisory: U.S. Federal

Image of the American flag with paper that says 'Inflation Reduction Act'
August 15, 2022

The Inflation Reduction Act includes wide-ranging tax provisions

The U.S. Senate and House of Representatives have passed the Inflation Reduction Act (IRA). President Biden is expected to sign … Read more…

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July 27, 2022

Businesses: Act now to make the most out of bonus depreciation

The Tax Cuts and Jobs Act (TCJA) significantly boosted the potential value of bonus depreciation for taxpayers — but only … Read more…

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July 6, 2022

R&D Expenditures – Do you need to capitalize?

The answer is, “Yes, for tax purposes”. A long-forgotten provision of the Tax Cuts and Jobs Act (“TJCA”) that was … Read more…

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May 4, 2022

After tax day: Take these action steps

The April tax filing deadline has passed, but that doesn’t mean you should push your taxes out of your mind … Read more…

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April 29, 2022

Common Myths in 2022 About the Employee Retention Credit (ERC)

The Employee Retention Tax Credit (ERC), which first began in March 2020 under the CARES Act, is a refundable employment … Read more…

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April 18, 2022

Congress eyes further retirement savings enhancements

In 2019, the bipartisan Setting Every Community Up for Retirement Enhancement Act (SECURE Act) — the first significant legislation related … Read more…

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March 1, 2022

The IRS again eases Schedules K-2 and K-3 filing requirements for 2021

The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 … Read more…

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January 31, 2022

2022 Tax Calendar

To help you make sure you don’t miss any important 2022 deadlines, we’ve provided this summary of when various tax-related … Read more…

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November 23, 2021

U.S. House Passes the Build Back Better Act

The U.S. House of Representatives passed a crucial part of President Biden’s agenda by a vote of 220-213 on November … Read more…

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November 15, 2021

Don’t forget to factor 2022 cost-of-living adjustments into your year-end tax planning

Please Note: This blog post contains information that is based on current law as of the date of publishing. This … Read more…