On Aug. 9, 2022, President Biden signed the Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) into law as part of the CHIPS and Science Act of 2022. Among other things, the $52 billion package provides generous tax inc...

The Internal Revenue Service (IRS) has issued final regulations on the business expense deductions for meals and entertainment implementing provisions of the Tax Cuts and Jobs Act. In general, tax reform eliminated the deduction for expenses related ...

Many non-profits across the country are being severely impacted due to today’s COVID-19 pandemic, leaving management teams and boards of directors questioning where to seek financial assistance and relief to help maintain their organization’s ope...

On April 8, 2020, the Internal Revenue Service (IRS) released Rev. Proc. 2020-23 indicating eligible partnerships will have the ability to file amended returns in lieu of filing an administrative adjustment request (AAR) to take advantage of the Coro...

As we all try to keep ourselves, our loved ones and our communities safe from the coronavirus (COVID-19) pandemic, you may be wondering about some of the recent tax changes that were part of the new tax law passed on March 27. The Coronavirus Aid, Re...

With the CARES Act signed into law, many taxpayers are wondering if they qualify for the economic impact payment and when they can expect to receive theirs. Here are the answers to the most commonly asked questions surrounding this new stimulus incen...

After extensive negotiations between the U.S. House of Representatives, the U.S. Senate and the White House, an agreement has been reached on a massive stimulus bill to address the financial and health care crisis resulting from the Coronavirus (COVI...

COVID-19 is creating quite a disruption in today’s environment, including on our national and local economies, as well as market and interest rates. However, there is one area where taxpayers could use this disruption as a tax benefit. While wealth...