IRS Delays Effective Date of Final Rules on Dividend Equivalents From U.S. Sources
The IRS has announced that it will extend the phase-in period for Section 871(m) regulations through 2024. Background. In Notice 2018-72, …
Manufacturing Industry on Standby for Mandatory Amortization Fix
Manufacturers are waiting on Congress to reverse an unpopular tax provision enacted by the previous administration that modified the treatment …
Senate Issues Text of Infrastructure Bill
Senate lawmakers over the weekend unveiled the text of the 2,700+ page infrastructure bill (H.R. 3684), setting up a long …
President Biden’s Families Plan Fact Sheet Contains Numerous Tax Provisions
President Biden’s April 28 “Fact Sheet: The American Families Plan” contains numerous tax breaks for low and middle earner taxpayers …
House Passes ARPA COVID-19 Relief Bill
The House on Wednesday passed the $1.9 trillion American Rescue Plan Act of 2021 (ARPA, HR 1319). The Senate passed …