Visit our new Inflation Reduction Act Resource Center to find answers to your questions about this landmark clean energy legislation.
Learn MoreAs of September 14, 2023, the IRS has stopped processing newly filed Employee Retention Credit (ERC) claims, at least until the end of 2023. This means the IRS will not take action at the present time on any claims filed on or after this date. While they will continue to process previously filed ERC...
Read MoreThe Employee Retention Credit (ERC) introduced in March 2020 was a key tool in helping employers keep their teams intact while the worst of the COVID-19 pandemic played out. While the ERC ended on September 30, 2021, eligible employers can still amend their payroll tax returns to take advantage of...
Read MoreCohen & Company has elected five individuals to its 2023 partner class, effective June 1: Julie Lowry, Kaitlin Mansfield, Angel Rice, Robert Venables and Krista Zuchowski.
Read MoreFor the 2022 tax year, the IRS has released updated instructions for schedules K-2 and K-3, which include the domestic filing exception.
Read MoreA few impactful business tax provisions, many introduced by the Tax Cuts and Jobs Act (TCJA) of 2017, are on the verge of expiring or just about to take effect — if they haven’t already. Below outlines those provisions and what you should be doing now to prepare. Changes to the Treatment of...
Read MoreOn August 16, 2022, President Biden signed the Inflation Reduction Act (IRA), which is a scaled back version of the Build Back Better Bill in play last fall. The IRA contains a handful of federal revenue raising provisions — to the tune of more than $700 billion — as well as prescription drug...
Read MorePartnerships and S Corporations with certain foreign activity or foreign owners may have a surprise in their returns this year — in the form of additional reporting via Schedules K-2 (Partners’ Distribute Share Items – International) and K-3 (Partner’s Share of Income, Deductions, Credits, etc. –...
Read MoreThe Infrastructure Investment and Jobs Act ended the employee retention credit (ERC) for periods after September 30, 2021, except for recovery startup businesses. As the ERC had previously been extended through 2021, employers may have already requested advanced payments or reduced payroll deposits...
Read More** Updated 11/15/21 ** On November 5, 2021, Congress passed the long-awaited Infrastructure Investment and Jobs Act, which was signed by President Biden on November 15. Below is a look at the two tax-related provisions included in the Act and their potential impact. 1. Crypto Asset Information...
Read MoreEarlier this year President Biden and his administration introduced The American Jobs Plan, which focuses on investment in infrastructure, and The Made In America Tax Plan and The American Families Plan, which is informing the Reconciliation Bill process. Much of the focus since the...
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