Expanding the Net Investment Income Tax

🖨 Print⏱ 3 min readShare by Despite borrowing massive amounts of money, the government still needs to find ways to raise revenue to pay for new programs and spending. The current democratically controlled Congress is looking to potentially implement new … Continue reading →

🖨 Print⏱ 3 min readShare by One of the perennial fears of taxpayers is getting audited by the IRS. Financially, few scenarios strike such fear into the heart of taxpayers. However, taxpayers can probably breathe a sigh of relief – … Continue reading →

🖨 Print⏱ 3 min readShare by COVID-19 impacted the economy dramatically and commercial real estate was no exception in terms of decreased values. Often, the real property could no longer service the debt used to finance it. This debt restructuring … Continue reading →

🖨 Print⏱ 4 min readShare by At the very end of March, the House of Representatives passed a version of the bill known as Secure 2.0. The bill passed the House with overwhelming bipartisan support in a 414-5 vote. The … Continue reading →

🖨 Print⏱ 4 min readShare by The IRS is currently suffering a severe backlog in processing returns from 2021 for the 2020 tax year. As of Dec. 31, there were still more than 6 million unprocessed individual returns with notices … Continue reading →

🖨 Print⏱ 4 min readShare by The taxation of legal settlements and fees is a complex topic. While the mechanics to make a proper claim are now easier, the rules are still complex. Below we look at six rules to … Continue reading →