There is a new tax deduction available S-corporations and Partnerships to deduct for pass-through entity (PTE) withholding for its owners starting in 2022! At KDP, we are focused on the legislative changes that affect your bottom line and committed to ensuring you are sustaining and improving your tax efficiency. In […]
IRS releases Rev. Procs. 2021-48, 2021-49 and 2021-50 to address the treatment of tax-exempt income for PPP loans.
Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.
House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.
Rev. Proc. 2021-33 allows exclusion of PPP, restaurant revitalization and shuttered venue operator grants from ERTC gross receipts test.
Small Business Administration, in light of lawsuit, notifies PPP lenders that loan necessity questionnaire is withdrawn.
Administration issues Presidential priorities and pay-fors. Corporations and wealthy individuals face prospect of increasing tax rates.
Summary of the American Families Plan and the potential impact that it could have on the real estate industry.