TAX PRO TODAY

Waiting on reconciliation: The final stage?

By Roger Russell       5 min read

Potential new provisions could create a seismic shift in tax. Read story →

Tax Strategy: Year-end planning amid tax uncertainty

By Mark A. Luscombe      

As Congress wrangles, advisors are struggling to figure out how to help clients. Read story →

Reconciliation bill likely to have a tax impact on energy-efficient buildings

By Brian Coddington, Karen Koch       3 min read

The Section 179D incentive would jump from $1.80 per square foot for efficiency improvements to a sliding scale between $2.50 and $5. Read story →

Sinema offers support for taxing top earners in Democratic plan

By Colin Wilhelm       2 min read

Arizona Senator Kyrsten Sinema, a crucial swing vote for Democrats, has given the Biden administration a list of specific tax policies she will support in order to raise revenue for the social spending plan Democrats hope to pass this year. Read story →

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Biden tax plan gets shredded down in battle to raise revenue

By Laura Davison and Allyson Versprille       5 min read

The president’s tax agenda, crafted by experts who worked on the proposals for years and wrote books about their ideas, is getting a wholesale revamp as Democrats battle to find a program their caucus can unite behind. Read story →

IRS extends tax deadlines for some Hurricane Ida victims in Mississippi

By Michael Cohn       3 min read

The Internal Revenue Service is giving victims of Hurricane Ida in some parts of Mississippi until Jan. 3, 2022 to file their individual and business tax returns, although the Nov. 1, 2021 deadline still applies to the rest of the state.  Read story →

'Billionaires Tax' on life support; lawmakers ponder new 3% levy on millionaires

By Lynnley Browning       3 min read

With stiff opposition to their call for billionaires' and $100 million earners to pay taxes on unrealized gains, lawmakers are moving to Plan B. Read story →

Mnuchin warns of unintended consequences in billionaire tax plan

By Ben Bartenstein and Yousef Gamal El-Din       2 min read

The former Treasury secretary is concerned about the potential knock-on effects of a proposed levy on the super-wealthy. Read story →

Democrats’ billionaire tax plan would hit about 700 people

By Laura Davison       4 min read

Senate Democrats detailed their proposed levy on the ultra-wealthy, a new and logistically risky approach to taxation. Read story →

In the blogs: Nonsense and sensibility

By Jeff Stimpson       3 min read

Practices’ problems, by firm size; remote tax obligations for services; hammering the basics; and other highlights from our favorite tax bloggers. Read story →

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New taxes — without new laws

By Roger Russell       3 min read

West Virginia didn’t need to change the laws to begin taxing streaming services. Read story →

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