2025 Tax Act Myths: Social Security Tax Rules Unchanged – New Senior Deduction October 23, 2025 Background Since the passage of the 2025 Act (formerly known as the One Big Beautiful Bill Act), …
New Mexico Advises on Gross Receipts Tax Liability for Marketplace Providers By Lisa Lopata The New Mexico Taxation and Revenue Department (TRD) issued a ruling to a marketplace provider discussing gross …
House Ways and Means Releases Partial Tax Bill Text On Friday, May 9, the Ways and Means Committee shared partial text for the tax portion of a reconciliation bill …
Tax Policy Groups Seek Withdrawal of Partnership Basis Shifting Guidance The IRS should withdraw guidance issued last year providing that certain partnership transactions between related parties lack economic substance when …