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State income tax law changes for the second quarter of 2023

State income tax law changes for the second quarter of 2023

A summary of state and local income tax updates enacted during the quarter ending June 30, 2023, which may impact current and deferred tax provisions
SECURE 2.0: Considerations to achieve your workforce and business goals

SECURE 2.0: Considerations to achieve your workforce and business goals

Employers that understand SECURE 2.0's new requirements and the pros and cons of adopting optional provisions can implement the act effectively.
Required minimum distributions after SECURE 2.0

Required minimum distributions after SECURE 2.0

SECURE 2.0 changes the rules governing how and when certain retirement savers can withdraw money from their retirement accounts and IRAs.
IRS establishes program to allocate solar and wind capacity limitation

IRS establishes program to allocate solar and wind capacity limitation

IRS and Treasury establish program for increased credits for energy projects for low-income communities.
IRS releases fact sheet regarding residential energy credits

IRS releases fact sheet regarding residential energy credits

A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Key takeaways for employers under the SECURE 2.0 Act of 2022

Key takeaways for employers under the SECURE 2.0 Act of 2022

SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
Schedule K-3 questions and answers to recently released instructions

Schedule K-3 questions and answers to recently released instructions

When Schedule K-3 instructions were released by the IRS, many pass-through entities feared compliance challenges. Here's how it played out.
IRS makes statements on CARES Act Employee Retention Tax Credit risks

IRS makes statements on CARES Act Employee Retention Tax Credit risks

On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get employers to claim the CARES Act Employee Retention Tax Credit (ERTC) when they may not actually qualify.
IRS releases 2023 tax inflation adjustments

IRS releases 2023 tax inflation adjustments

IRS releases inflation adjustments for 2023. Inflation adjustments impact individual tax brackets and other various provisions of the Code.
The new corporate minimum tax: overview and highlights

The new corporate minimum tax: overview and highlights

The Inflation Reduction Act of 2022 imposed a new 15% alternative minimum tax on large corporations. Notably, the tax is based on a corporation’s financial statement income (with adjustments).
IRS increases mileage rates for the remainder of 2022

IRS increases mileage rates for the remainder of 2022

The IRS provides some relief amid rising gas prices with an optional increase to the standard mileage rate for business travel.
Reminder – S corporation shareholder basis reporting requirements must not go overlooked

Reminder – S corporation shareholder basis reporting requirements must not go overlooked

How will the new Form 7203, S Corporation Shareholder Stock and Debt Basis Limitations, impact tax filings for family offices and other taxpayers?
An update on the tax policy landscape against inflation backdrop

An update on the tax policy landscape against inflation backdrop

The tax policy landscape in Washington remains unsettled as we approach the summer months, while inflation remains the dominant economic issue. Within the context, we look at what's currently on the legislative agenda for Congress.