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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More

IRS Highlights Special Charitable Tax Benefit

The IRS has joined with several leading nonprofit groups to highlight a special ... Read More

National Taxpayer Advocate Delivers Annual Report to Congress

The National Taxpayer Advocate (NTA), Erin M. Collins, has released her ... Read More

Conservation Easement Extinguishment Proceeds Regulation Found Invalid

The IRS’s interpretation of Reg. §1.170A-14(g)(6)(ii), which disallows the ... Read More

Low-Income Housing Credit Deadlines Extended

The IRS extended several deadlines related to the low-income ... Read More

Final Regulations Address Foreign Tax Credit Issues

The Treasury and IRS have issued final regulations ... Read More

ABA Section Calls For Research Credit Refund Claim Regs

The American Bar Association’s Section of Taxation is ... Read More

Pandemic Highlights IRS’ Underfunding Issues

Two recent reports, one from the Internal Revenue Service ... Read More

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IRS Highlights Online Tools and Resources Ahead of Tax Filing Season

By: Andrew Presti, Senior Partner


Andrew Presti, Senior PartnerThe IRS encouraged taxpayers to use its online tools and resources to find the information they need to be ready to file their 2021 federal tax returns, including important special steps related to Economic Impact Payments (EIP) and advance Child Tax Credit (CTC) payments. This is the third in a series of reminders to help taxpayers get ready for the upcoming tax filing season. Additionally, a special page is available on the IRS website that outlines steps taxpayers can take to make tax filing easier.

Individuals, especially those who do not usually file tax returns, were urged to... Read More

2022 Inflation Adjustments for Pension Plans, Retirement Accounts Released

By: Salvatore Russo, CPA, Partner


Salvatore Russo, CPA, PartnerThe 2022 cost-of-living adjustments (COLAs) that affect pension plan dollar limitations and other retirement-related provisions have been released by the IRS. In general, many of the pension plan limitations will change for 2022 because the increase in the cost-of-living index due to inflation met the statutory thresholds that trigger their adjustment. However, other limitations will remain unchanged.

The 2022 cost-of-living adjustments (COLAs) were released for:

  • pension plan dollar limitations, and
  • other retirement ... Read More

State and Local Fiscal Recovery Funds Program Final Rule Issued

By: Elias Koumniotes, Senior Tax Manager


Elias Koumniotes, Senior Tax ManagerThe U.S. Department of the Treasury issued the final rule implementing the State and Local Fiscal Recovery Funds (SLFRF) Program.

The program, created as part of the American Rescue Plan, provides $350 billion to state, local, and tribal governments to support their response to the COVID-19 pandemic, ensuring they have resources to provide for health and vaccine services, funding to support families and business who might be struggling with the economic impacts of the pandemic, and maintaining vital ... Read More


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