TAX REFORM 2022 – BUILD BACK BETTER

Treasury Department Releases Greenbook Outlining 2023 Budget Revenue and Tax Proposals

On March 28, 2022, the Biden administration released its Fiscal Year 2023 Budget proposal (beginning October 1, 2022). Simultaneously, the U.S. Department of the Treasury

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IRS Relaxes Documentation Requirements for Claiming R&D Tax Credits on Amended Returns

Since January 10, 2022, the IRS has required that taxpayers provide supplementary information beyond the…

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Connelly v. United States

In May, I wrote about a case before the U.S. Supreme Court with potential estate…

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The Interaction between Section 174 Capitalization Requirements and Section 460 Long-Term Contracts Under the Percentage-of-Completion Method

Before 2022, taxpayers who incurred research and experimental (Section 174) costs could fully deduct them…

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IRS Makes Free Tax Filing Program Permanent

The Internal Revenue Service recently announced it would be expanding its free tax filing program,…

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Total Impact Fees Collected – Another Large Decline

The Pennsylvania Public Utility Commission announced that the annual distribution from impact fees collected for…

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The Impact of PA Senate Bill 654 on the Oil & Gas Industry in Pennsylvania

On July 11, 2024, Pennsylvania Governor Josh Shapiro approved PA Senate Bill 654 as part…

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