This Week In Tax is your one-stop shop for the latest newsworthy tax highlights, giving you a head start on tax planning for the months ahead.
Week of November 12
New this week: The Taxpayer Advocate Service ("TAS") suspends taking on amended return cases due to IRS backlog. Additionally, the Employee Retention Credit (“ERC”) is slated for early termination.
Week of November 5
This upcoming Veterans Day, celebrate by hiring a vet. A federal program offers tax incentives for hiring qualified veterans – read on to learn more. Also new this week: Behind on taxes and a Connecticut taxpayer? Act quickly to take advantage of amnesty before it expires.
Week of October 29:
The tax changes and revenue generating aspects within the Build Back Better bill are now in focus, with some surprising inclusions and omissions compared to prior drafts. How might you be affected? Read our summary of the tax items that stand out as well as those that were left out.
Week of October 22:
The IRS is formalizing its process relating to the publication of FAQs — find out how the impact of significant FAQs on newly enacted tax legislation has been elevated. Plus, does Know-how qualify as a capital asset? Read on:
Week of October 15:
A Texas court sets a high price in a case involving a business alter ego.
Week of October 8:
The Financial Crimes Enforcement Network announces deadline extensions for victims of Hurricane Ida, plus Congress weighs in on conservation easements.
Week of October 1:
Find the latest Hurricane Ida tax relief update, as well as a surprising tax court ruling in our latest edition of This Week In Tax.
Week of September 24:
Strengthen your financial decision-making with expert insights on COVID-19 related recovery and President Biden's recently released House Ways and Means Committee markup of the Build Back Better Act.
Week of September 10:
This week, find crucial new tax relief developments in the wake of Hurricane Ida, plus learn how to maximize the solar energy tax credit.
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