On February 13, the House Budget Committee, voting 21-16 along party lines (Republicans in favor and Democrats opposed), passed a 2025 budget resolution. The bill does not expressly reference the Tax Cuts and Jobs Act of 2017...more
2/25/2025
/ Biden Administration ,
Continuing Resolution ,
Federal Budget ,
Income Taxes ,
Inflation Reduction Act (IRA) ,
IRS ,
Popular ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Reform ,
Trump Administration
The US tax system is facing potential sweeping changes. As major provisions of the 2017 Tax Cuts and Jobs Act (TCJA) approach their expiration dates, the Trump administration and Congress are weighing not just which policies...more
On Friday, March 27, Congress passed, and the President signed, the bipartisan “Coronavirus Aid, Relief, and Economic Security Act” (the “Act”), a $2 trillion economic stimulus plan to provide funding and tax relief to...more
4/1/2020
/ Business Losses ,
CARES Act ,
Charitable Deductions ,
Coronavirus/COVID-19 ,
Employee Retention ,
Financial Stimulus ,
Income Taxes ,
Net Operating Losses ,
Payroll Taxes ,
Retirement Funds ,
Small Business ,
Student Loans ,
Tax Credits ,
Tax Deductions ,
Tax Planning ,
Tax Relief
This alert focuses on various tax reform proposals and their potential impact on REITs and the real estate industry. Tax reform is high on the agendas of both the House Ways and Means Committee and the Trump administration....more
Chairman David Camp (R-MI) of the U.S. House Ways and Means Committee recently issued a discussion draft of a comprehensive tax reform proposal which would materially modify the taxation of REITs and real estate related...more