SUPERFUND TAXPAYERS GRANTED PENALTY RELIEF

Superfund taxpayers granted penalty relief. The IRS provided temporary relief from a penalty for failure to deposit Superfund excise taxes and affirmed the availability of a safe harbor for deposits. The relief in Notice 2022-15 released friday applies to semimonthly deposits due in the third and fourth calendar quarters of 2022 and the first quarter […]

ONE OF THE MOST HATED TAX BREAKS IN AMERICA

One of the most hated tax breaks in america. One of private equity and hedge fund managers most prized tax breaks is again in politicians cross hairs, but Democrats would need to sweep the 2020 elpection if they want to pull the trigger to end the option. President Donald Trump said in may that he […]