Tax Legislation & Proposals

Consolidated act part two. The Consolidated Appropriations Act has multiple parts that are designed to help boost the economy, and some parts that have been re-authorized for another period of time. These provisions are designed to help a strug... Read More

Consolidated Appropriations Act. Multiple sections of the act lay out different priorities of the Congress and Biden Administration. Section 102-Energy Efficient Commercial Building Deduction. Provides for a permanent extension of the 179D dedu... Read More

Fair labor standards act. The U.S. Department of Labor issued a final rule, Independent Contractor Status, under the Fair Labor Standards Act, to clarify the standard for determining whether a worker should be considered an employee or an indep... Read More

Infrastructure talks at impasse. With Democrats and Republicans at odds over the details of the infrastructure bill, it seems that both parties have dissension within their ranks as well, making agreement even more difficult. There is broad agr... Read More

Democrats ideas on infrastructure bill. With past Administrations and Congress's passing the buck on a needed infrastructure bill, the current Administration and Congress seem intent on trying once again to get the bill passed. The United States i... Read More

Consolidated appropriations part two. This is the second part of the Consolidated Appropriations Act, and the relevant tax provisions is contains. Section 276---Clarification of Tax Treatment of Forgiveness of Covered Loans. Under the CARES Act, t... Read More

Consolidated appropriations part two. This is the second part of the Consolidated Appropriations Act, and the relevant tax provisions is contains. Section 276---Clarification of Tax Treatment of Forgiveness of Covered Loans. Under the CARES Act, t... Read More

Cares act extensions and provisions. Educator expenses for protective equipment. The bill requires the Treasury to issue regulations or other guidance providing that the cost of personal protective equipment and  other supplies used for the preven... Read More

Tax provisions in year end tax relief bill. The omnibus spending and coronavirus relief bill passed by Congress includes many tax provisions, including the extension of various expiring provisions, extensions and expansions of certain earlier pand... Read More

Lawmakers push for higher deductions. Under the Massachusetts Senate's version of the state budget, some business owners could ultimately avoid the $10,000 cap on state and local tax deductions signed into law by President Trump in 2017. The quest... Read More