IRS Highlights Tax Withholding Estimator
The IRS has reminded taxpayers that the last quarter of 2021 is a good time to check withholding. The IRS’s […]
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LLC Tax-Exempt Determination Letter Requirements Released
The IRS released standards that a limited liability company (LLC) must satisfy to receive a determination letter recognizing it as […]
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Final Regulations Update Section 301 Regulations to Reflect Statutory Changes
Final regulations under Code Sec. 301 update the existing regulations under this provision to reflect statutory changes made by the Technical and […]
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Final Regulations Reflect CARES Act Impact on FDII, GILTI, and FTC Transition Carryback Rules
The Treasury and IRS have issued final regulations addressing the calculation of qualified business asset investment for qualified improvement property, […]
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Social Security Wage Cap and Benefit Amounts Increase for 2022
For 2022, the Social Security wage cap will be $147,000, and Social Security and Supplemental Security Income (SSI) benefits will […]
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Second Circuit Affirms SALT Cap Constitutionality
The Court of Appeals for the Second Circuit affirmed the district court’s judgment that the cap on the federal income […]
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