employee retention credit Archives

Important Things to Know for Tax Year 2021 Returns

Tax News Briefs

Important Things to Know for Tax Year 2021 Returns

Infrastructure Investment and Jobs Act On November 5, 2021, Congress passed the Infrastructure Investment and Jobs Act (H.R. 3684), which President Biden is expected to sign into law. The new law addresses provisions rel... TheTaxBook

Jan/Feb 2022, Tax News Briefs, Tax Court, §118, gross income, Form 8300, virtual currency, Consolidated Appropriations Act, fair market value, employee retention credit, §142(a), §45Q(f), Infrastructure Investment and Jobs Act, Notice 2021-63, American Rescue Plan Act of 2021, §7508A, §408, corporation, Robert T. Stafford Disaster Relief and Emergency Assistance Act

Tax Planning Versus Preparation – What Is the Difference?

Feature Article

Tax Planning Versus Preparation – What Is the Difference?

Visit social media or Google these days and you will most likely see advertisements for tax planning. But many taxpayers (and even tax professionals) are confused about the differences between tax planning... Dominique Molina, CPA

Nov/Dec 2021, Feature Article, c corporation, §199A, deductions, tax preparation, tax planning, employee retention credit, net operating loss, NOL, capital gains, business

Tax News Briefs

2021 Employee Retention Credit Overview

Employee Retention Credit Guidance for First and Second Quarters of 2021 The Internal Revenue Service (IRS) has now released guidance to address changes made by the Consolidated Appropriations Act, 2021, for... TheTaxBook

Nov/Dec 2021, Tax News Briefs, Form 941, business, Internal Revenue Code, employee retention credit, CARES Act, Notice 2021-23, PPP, wages, Social Security, §3121(a), Paycheck Protection Program, §3231(e), grant, Medicare, American Rescue Plan Act, Consolidated Appropriations Act