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 Insights

June 5, 2020
Blog
What you need to know about newly issued PPP guidance. Why changes to PPP help borrowers. Cares Act headed down the same road as the Cadillac tax? Would extending $600 unemployment benefit hurt the economy? IRS embracing the digital age.
June 4, 2020
Blog
Bill extending PPP spending window to 24 weeks goes to President. Borrower-friendly, but beware the 60% payroll cliff. IRS allows remote retirement plan signatures. IRS Phone Phrustration. K.C. Chiefs come back for sales tax win.
June 3, 2020
Blog
S corporation gambit to accelerate losses fails. COVID-19 fraud risks. Iowa and CARES Act conformity. Data Tax. Golf course as conservation purpose. Farewell to the last Civil War pensioner.
June 2, 2020
Blog
PPP loan bill opposition crumbles. No PPP for bankrupt farmers. Deduction 2020 COVID losses on 2019 returns. IRS and high-income non-filers. Sales taxes and small business. IRS nixes $24 million "gift."
June 1, 2020
Blog
Monetizing NOLs during a recession. IRS to allow amended returns to be filed electronically. Cryptocurrency audits are coming. The IRS has 10 million pieces of unopened mail. Wealth taxes the key to coronavirus recovery?
May 29, 2020
Blog
House approves PPP Changes but could fade in Senate. Cares act unused by manufacturers. A new era of tax deduction creep? Remote workers beware of tax surprises. Has Covid made it time for a carbon tax?
May 28, 2020
Blog
Open that plain envelope with a card. Ag producers get new relief. New guidance on PPP and retention credits. Big Idaho state income tax decision. Things they don't sell at Whole Foods.
May 27, 2020
Blog
The PPP deal is again altered. Lenders, PPP, and Clawbacks. Don't sleep on the July 15 deadline. NOL deductions are good policy. Taxing COVID-19 telecommuters. The soporific power of the tax law.
May 26, 2020
Blog
Administration pushes more COVID-19 relief; Senate in no rush. New PPP forgiveness issued late Friday night. Retention credit expansion interest increases. Adam Sweet video on PPP forgiveness form. Last Civil War pension still pays $73.13 monthly
May 22, 2020
Blog
Top house tax writer back efforts to extend PPP. State estimated tax payment confusion. IRS convicting more while prosecuting less. SALT cap killing home values.
May 21, 2020
Blog
A new, smaller PPP modification bill starts to move. HSA limits increased. Why everything with the IRS is going slow. States, losses and nexus. Amelia Earhart solos the Atlantic.
May 21, 2020
Blog
IRS updates Health Savings Account (HSA) maximum contributions, minimum deductibles, and out-of-pocket maximums for 2021. The 2019 HSA contribution window is open through July 15, 2020.

Stay informed!