by admin | Oct 11, 2021 | Tax
One of the most exciting provisions of the Build Back Better Act, to me anyway, is the opportunity that it gives for a tax free conversion to partnership for some S corporations. There may be some people who don’t find this exciting thinking that partnerships...
by admin | Oct 5, 2021 | Tax
The revenue portion of the Build Back Better Act (BBB) that is moving along dramatically changes the landscape for transfer taxes (i.e. gift and estate). Accelerating the scheduled reduction in the unified credit from $10 million to $5 million (indexed for inflation...
by admin | Oct 1, 2021 | Tax
The proposed tax legislation coming out of House Ways and Means addresses a long running dispute between sponsors of low income housing tax credit deals and investors. The legislation favors the sponsors. To understand the issue I need to briefly explain how the...
by admin | Sep 25, 2021 | Tax
The tax legislation floating around the House Ways and Means Committee that doesn’t seem to have a name includes a provision that supporters of conservation easement deductions have either longed for or dreaded. The Partnership for Conservation (P4C), the trade...
by admin | Sep 17, 2021 | Tax
The IRS fights its battle against abusive syndicated conservation easements in actual courts side by side with the Department of Justice (DOJ). IRS and DOJ also fight the battle in the metaphorical court of public opinion with press releases and comments by...
