Tax

Single-shareholder S Corporation owners have incentives to minimize the wages they receive in order to avoid employment taxes. Read More

Expanded tax benefits for charitable contributions expire at the end of 2021, so it is important to consider additional giving now. Read More

The $3.5 trillion infrastructure bill has cleared the House tax writing committee and now is the subject of intense negotiations to move it forward. Read More

Fans of best-selling crime author Karin Slaughter can’t wait for the release of her Netflix series, Pieces of Her. The author, an Atlanta native who has sold a reported 35 million copies of her books worldwide, is known for dark... Read More

Liability for the estate tax falls on the estate assets and is limited by the value of those assets. Executors and beneficiaries generally do not have personal liability for estate taxes although the IRS can come after the assets held... Read More

To get Republican buy-in, Congressional Democrats have avoided adding tax increases to the bipartisan Infrastructure Investment & Jobs Act currently under consideration in Congress. How will they fund the bill? One tax-related source of revenue would come from broker reporting... Read More

The IRS has issued a safe harbor allowing employers to exclude several sources of government support from their gross receipts calculation when determining eligibility for the Employee Retention Credit (ERC). In related guidance, the agency clears up important questions it... Read More

  On June 30, 2021, the NCAA Board of Directors announced a temporary rule change that allows college athletes to profit from the use of their name, image, and likeness (NIL). The new policy went into effect on July 1,... Read More

After competing for the lowest tax rates for years, 132 countries holding 90% of the world’s GDP have agreed to a framework for a global minimum tax on corporations. The plan, described in an OECD Statement, is a two-pillar package... Read More

The SBA and lenders originated over 11.7 million loans totaling nearly $800 billion in relief to over 8.5 million small businesses. Now they have made it easier to get forgiveness of PPP loans of $150,000 or less. The SBA has... Read More