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IRS releases 2022 limits for depreciation deductions for autos

IRS releases 2022 limits for depreciation deductions for autos

The IRS recently released Rev. Proc. 2022-17, providing the 2022 limits on depreciation for passenger automobiles under section 280F.
Protecting Your Company From Ransomware

Protecting Your Company From Ransomware

Ransomware is a significant threat for business owners of any size, and the damages can be catastrophic. This video will explain what ransomware is and provide seven tips on protecting you and your company.
What is limiting U.S. oil production?

What is limiting U.S. oil production?

As the pandemic and the Russian invasion of Ukraine have disrupted global energy markets, oil production in the United States has lagged the steep price increase.
The risk of disrupted agricultural exports

The risk of disrupted agricultural exports

As Russia’s invasion of Ukraine takes a mounting human and economic toll, it also has the potential to threaten the food supply for millions of people who depend on agricultural commodities from those two countries.
Executive Order provides path to regulation of digital assets

Executive Order provides path to regulation of digital assets

Executive Order provides an outline for next steps related to guidance and regulation in the digital asset space.
How insurers can brace for inflation impact

How insurers can brace for inflation impact

Inflation is likely to increase the cost of claims for auto physical damage, property and catastrophe lines of business for years to come.
Inflation and the middle market

Inflation and the middle market

The economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.
Business connecting lease parties not qualified under section 1202

Business connecting lease parties not qualified under section 1202

IRS: Website that connects lessors to lessees is a “brokerage service,” shareholder not eligible for section 1202 capital gain exclusion.
Smile! New IRS identity verification process requires a selfie

Smile! New IRS identity verification process requires a selfie

The IRS is tackling identity theft by using ID.me verification technology to guard access to online services.
Congress open to considering a pause on automated tax notices

Congress open to considering a pause on automated tax notices

National Taxpayer Advocate, Erin Collins, recommends the IRS pause automated collection notices. Congress may consider the recommendation.
National Taxpayer Advocate provides 2021 annual report to Congress

National Taxpayer Advocate provides 2021 annual report to Congress

The Taxpayer Advocate Service highlighted 10 major IRS problems affecting taxpayers and made several recommendations to mitigate the issues.
The $1.2 trillion infrastructure legislation and the middle market

The $1.2 trillion infrastructure legislation and the middle market

This legislation represents the most significant modernization of the nation’s infrastructure since the middle of the 20th century.
U.S. households are drawing down savings as the economy booms

U.S. households are drawing down savings as the economy booms

After building up prodigious savings during the pandemic, American households are starting to spend that cash.
Looking ahead to 2022

Looking ahead to 2022

Nearly two years into the pandemic, there are signs that the worst of a once-in-a-century shock to the global economy is beginning to fade.
House passes infrastructure legislation; sends bill to President Biden

House passes infrastructure legislation; sends bill to President Biden

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
The IRS hired more than 1,000 new assisters to staff phone lines

The IRS hired more than 1,000 new assisters to staff phone lines

The IRS foresees better phone service for taxpayers by hiring more than 1,000 new phone assisters across all call lines.