Dear Clients and Friends: The House Ways and Means Committee (the “House”) recently released 881 pages of proposed legislation aimed at paying for its spending initiatives. There are many changes aimed at filling loopholes and raising taxes on the “wealthy” (those earning over $400,000 per year, as pledged). These proposals differ from versions proposed in …
Dear Clients and Friends: The Senate has passed President Joe Biden’s $550 billion infrastructure bill, which is expected to pass the House, but with conditions. The largest has to do with Congresswoman Pelosi’s condition that a $3.5 million social spending bill must be passed along with it. This condition took a major step forward today …
Dear Clients and Friends: This is a fourth note concerning potential tax reform. The other three can be found in the News & Resources, Hot Topics, section of our website. This note elaborates on President Biden’s American Jobs Plan, by summarizing the relevant tax reform proposals most applicable to our clients. These proposals have now …
TAX REFORM: BIDEN ADMINISTRATION TREASURY PROPOSAL Read More »
See also the IRS Hurricane Irma Information Center IR-2017-150, Sept. 12, 2017 WASHINGTON –– Hurricane Irma victims in parts of Florida and elsewhere have until Jan. 31, 2018, to file certain individual and business tax returns and make certain tax payments, the Internal Revenue Service announced today. Today’s relief parallels that granted last month to victims …
