Tax Update Blog

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Tax News & Views will help you stay informed with what's happening in the tax world. Whether it's a new tax law tacked on to a spending bill, a new court case that reminds us of venerable tax lessons, or a surprising approach by states to tax non-residents, it's fair game.

We will cover tax issues impacting middle-market, closely-held businesses and their owners, as well as how tax affects your nonprofit or government entity. View our latest blog posts below or subscribe to stay informed.

Latest Posts

January 15, 2021
Blog
Biden unveils $1.9T COVID relief plan. Senator Ron Wyden will look to reform capital gains. Final 2020 estimated payments due today. 6 Tax and financial tips for the next lottery winner.
January 13, 2021
Blog
The never ending tax season spills into 2021. What's real about an intangible asset? COVID relief and banks. And a rare IRS win moves the market.
January 12, 2021
Blog
On October 19, 2020, New Hampshire filed a lawsuit in the U.S. Supreme Court against Massachusetts over the adoption of a temporary rule which taxes the wages of telecommuters who immediately prior to the pandemic were engaged in performing services …
January 11, 2021
Blog
Biden set to release COVID recovery package details. PPP second draw program opens this week. Additional clarity on cryptocurrency reporting. IRS pats itself on the back. Roth or traditional 401K?
January 8, 2021
Blog
Congress approves $15 Billion in grants to live venues. What will a narrow democratic congress mean for Joe Biden? The low-income housing credit regs could be more flexible.
January 7, 2021
Blog
Are your 1094-C and 1095-C forms prepared accurately? If not, it’s time to get them right.
January 6, 2021
Blog
Control of the Senate is up for grabs- what does this mean for tax policy? Final interest deduction regulations not so "final" for passthrough businesses. States as tax havens? And year end tax planning after the year's end.
January 5, 2021
Blog
While the public and the press were focused on if Congress would provide COVID-19 relief and, if so, what the size of the checks would be, the tax writers succeeded in adding an over $103 billion extenders bill into “must pass” year-end legislation.
January 4, 2021
Blog
Energy Incentives 45L and 179D extended to 12/31/2021, don't miss out! New year, new tax moves to make. Tax prospects under the Biden administration. Top 100 must follow tax twitter accounts for 2021.
January 3, 2021
Blog
IRS continues to bemoan the repercussions of Covid-19, New user fee for estate tax closing letters, President Elect Biden's promises to increase taxes may be limited and the fight over conservation easement requirements is ongoing.
December 30, 2020
Blog
$2K stimulus payments? What exactly does the stimulus stimulate (how is that cash actually spent). Early New Years present (for some taxpayers) to be deposited into bank accounts, starting tonight. Revenue procedure allows qualified residential …
December 29, 2020
Blog
If you’re a tax advisor (or any type of advisor) in the mergers and acquisitions (“M&A”) world, the month of December – including the week between Christmas and January 1st – is no time for relaxation and reflection.

Stay informed!