by David Raye | Jun 8, 2021 | Tax Policy & Legislation
As the Biden administration seeks funding for unprecedented levels of government spending, they are targeting three sacred cows of the U.S. tax code: long term capital gains rates, the step-up in basis of assets at death, and 1031 exchanges. Here are some details of...
by David Raye | Mar 3, 2021 | Retirement Planning, Tax Policy & Legislation
As the U.S. population ages and the Social Security trust fund begins to dwindle, it is more important than ever for individuals to take steps to put away more money for retirement. A proposed bill in the House called the Securing a Strong Retirement Act (SSRA)...
by David Raye | Feb 11, 2021 | Tax Policy & Legislation, Tax Season Updates
Tax season begins in earnest when the Internal Revenue Service begins processing individual returns on February 12. It will now be up to the taxpayers to report the various tax breaks brought on by coronavirus relief laws passed by Congress in 2020. The most impactful...
by David Raye | Jan 10, 2021 | Tax Policy & Legislation
Happy New Year! I hope you and your families are doing well and staying safe & healthy! Just before the end of 2020, Congress passed and the President signed into law the Consolidated Appropriations Act of 2021 (CAA). The purpose of this bill is to provide more...
by David Raye | Dec 9, 2020 | Tax Policy & Legislation
I hope you and your families are doing well and staying safe & healthy! As a result of Joe Biden’s victory in the presidential election, you may be wondering how this will change tax laws going forward. Below is a listing of some of the major tax changes that may...
by David Raye | Apr 2, 2020 | 2020 Crisis, Tax Policy & Legislation
Fast on the heels of passing the Families First Coronavirus Response Act (a law which ensures paid sick leave and unemployment benefits for employees affected by the COVID-19 pandemic along with payroll tax credits for affected employers), Congress passed and the...
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