Service: Federal Tax

Bipartisan infrastructure bill passes House with bipartisan vote. President Biden expected to sign by end of next week.

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House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.

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Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.

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A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.

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The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.

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