Expanding the Net Investment Income Tax

August 1, 2022 | 0 views

Despite borrowing massive amounts of money, the government still needs to find ways to raise revenue to pay for new programs and spending. The current democratically controlled Congress is looking to potentially implement new social programs and a climate bill....

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The IRS is Auditing Fewer Returns than Ever

July 1, 2022 | 0 views

One of the perennial fears of taxpayers is getting audited by the IRS. Financially, few scenarios strike such fear into the heart of taxpayers. However, taxpayers can probably breathe a sigh of relief – at least for now. This is...

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Tax Break for Commercial Real Estate Investors

June 1, 2022 | 0 views

COVID-19 impacted the economy dramatically and commercial real estate was no exception in terms of decreased values. Often, the real property could no longer service the debt used to finance it. This debt restructuring and resulting debt forgiveness can result...

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Secure 2.0 Retirement Bill

May 1, 2022 | 0 views

At the very end of March, the House of Representatives passed a version of the bill known as Secure 2.0. The bill passed the House with overwhelming bipartisan support in a 414-5 vote. The House version still needs to pass...

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What Every Taxpayer Needs to Know This Season

April 1, 2022 | 0 views

The IRS is currently suffering a severe backlog in processing returns from 2021 for the 2020 tax year. As of Dec. 31, there were still more than 6 million unprocessed individual returns with notices and pending refunds. There are a...

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