Tax Policy Priorities of Biden and Democrats as Currently Known
Steel Rose
Key components of the Biden campaign’s tax proposals include: To read more click here
MOREBiden Tax Increase Proposals: Sec.199A Phase Out
This blog summarizes some of the tax proposals of President-elect Joe Biden and other prominent Democrats. Increased Individual Tax Rate Biden would…
IRS Guidance Now Reflects Expense Deductibility for PPP
In light of recent Congressional action, the IRS has obsoleted its prior guidance that deductions of business expenses taken by…
Tax Season Opens Feb 12th Ends April 15th
Every year, taxpayers have questions about early filing. Many software companies and tax professionals will accept tax returns before opening…
PPP SECOND DRAW LOANS: APPLY 1/19/2021
PAYCHECK PROTECTION PROGRAM SECOND DRAW LOANS The Paycheck Protection Program (PPP) now allows certain eligible borrowers that previously received a PPP…
Whistle-Blowing Soars to Record With Americans Working From Home
The work-from-home phenomenon has triggered a fresh frustration for U.S. corporations: Americans are blowing the whistle on their employers like…
How to Provide Employees $26,250 in Nontaxable Student Loan Repayment Assistance
The Taxpayer Certainty and Disaster Tax Relief Act, recently passed as part of the “Consolidated Appropriations Act, 2021,” has significantly…
IRS Finalizes Carried Interest Regulations
under section 1061 of the tax code. Section 1061 imposes a three-year holding period as a precondition to recognizing long-term…
Challenging IRS Tax Penalties with Reasonable Cause
Reasonable Cause & IRS Tax Penalties: When a non-willful taxpayer faces potential penalties for failing to comply with the Internal Revenue Code…
$284 Billion PPP Funding Deep Dive
On Monday, December 21, 2020, the House and Senate passed the second largest stimulus bill in United States history (only…
