![Business connecting lease parties not qualified under section 1202](https://knowledge.lhd.com/wp-content/uploads/2022/02/Lewis-Hooper-FeatureImage-Building-Facade-12-381-300x170.jpg)
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](https://knowledge.lhd.com/wp-content/uploads/2022/02/Lewis-Hooper-FeatureImage-People-walking_motion-blur-809-300x170.jpg)
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](https://knowledge.lhd.com/wp-content/uploads/2022/01/Lewis-Hooper-FeatureImage-Group-of-computers-327-300x169.jpg)
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](https://knowledge.lhd.com/wp-content/uploads/2022/01/Lewis-Hooper-FeatureImage-Office-Building-14-903-300x170.jpg)
The Taxpayer Advocate Service highlighted 10 major IRS problems affecting taxpayers and made several recommendations to mitigate the issues.
![U.S. households are drawing down savings as the economy booms](https://knowledge.lhd.com/wp-content/uploads/2022/01/Lewis-Hooper-RSM-Image-sm_the-real-economy_january22_econ_article_1-300x157.png)
After building up prodigious savings during the pandemic, American households are starting to spend that cash.
![The $1.2 trillion infrastructure legislation and the middle market](https://knowledge.lhd.com/wp-content/uploads/2022/01/Lewis-Hooper-FeatureImage-Construction-Site-4-982-300x169.jpg)
This legislation represents the most significant modernization of the nation’s infrastructure since the middle of the 20th century.
![Looking ahead to 2022](https://knowledge.lhd.com/wp-content/uploads/2021/12/Lewis-Hooper-FeatureImage-Building-Atrium-1-964-300x169.jpg)
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](https://knowledge.lhd.com/wp-content/uploads/2021/11/Lewis-Hooper-FeatureImage-US-Capitol-Building-3-518-300x170.jpg)
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
![President Biden signs American Rescue Plan Act of 2021](https://knowledge.lhd.com/wp-content/uploads/2021/03/Lewis-Hooper-Feature-Image-US-Capitol-Building-4-900-300x169.jpg)
$1.9 trillion COVID-19 relief plan with broad individual relief and new coronavirus-related funding enacted into law.
![The IRS hired more than 1,000 new assisters to staff phone lines](https://knowledge.lhd.com/wp-content/uploads/2021/10/Lewis-Hooper-FeatureImage-Group-of-computers-596-300x169.jpg)
The IRS foresees better phone service for taxpayers by hiring more than 1,000 new phone assisters across all call lines.
![Ways and Means proposed IRA changes – what to keep an eye on](https://knowledge.lhd.com/wp-content/uploads/2021/09/Lewis-Hooper-FeatureImage-US-Capitol-Building-832-300x170.jpg)
Several provisions would tighten IRA rules for high-income individuals, and some other changes apply regardless of income level.
![What’s going on with China Evergrande Group?](https://knowledge.lhd.com/wp-content/uploads/2021/09/Lewis-Hooper-FeatureImage-Office-Building-with-sun-glare2-263-300x170.jpg)
Investors question whether the potential collapse of China's heavily-indebted real estate developer is China’s "Lehman Brothers moment."
![Opportunity zone investors should consider state and local tax credits](https://knowledge.lhd.com/wp-content/uploads/2021/09/Lewis-Hooper-FeatureImage-Forestry-Road-461-300x170.jpg)
Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
![House proposed changes – What should wealthy individuals consider?](https://knowledge.lhd.com/wp-content/uploads/2021/09/Lewis-Hooper-FeatureImage-City-Skyline-1-406-300x169.jpg)
What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?
![Performing a 401(k) retirement plan self-checkup](https://knowledge.lhd.com/wp-content/uploads/2021/09/Lewis-Hooper-FeatureImage-People-walking_motion-blur4-66-300x169.jpg)
When an employer sponsors a retirement plan for its employees, it must carefully consider, and continually monitor, the plan provisions.
![House Ways and Means releases reconciliation tax payfors](https://knowledge.lhd.com/wp-content/uploads/2021/09/Lewis-Hooper-FeatureImage-US-Capitol-Building-5-563-300x169.jpg)
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.