On July 4, 2025, the legislation commonly known as “The One Big Beautiful Bill Act” (the “BBBA”) was enacted. The BBBA makes permanent, extends and, in certain cases, modifies, a number of provisions from the 2017 Tax Cuts...more
7/9/2025
/ Bonus Depreciation ,
Business Taxes ,
Capital Gains ,
Clean Energy ,
Corporate Taxes ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
New Legislation ,
Qualified Opportunity Funds ,
Research and Experiment Tax Credit ,
Small Business ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Incentives ,
Tax Legislation ,
Tax Rates ,
Tax Reform ,
Taxable Income
On July 4, 2025, the legislation commonly known as the "One Big Beautiful Bill Act" (the “BBBA”) was enacted. The BBBA makes significant changes to the tax credits available under the Inflation Reduction Act of 2022 (the...more
7/9/2025
/ China ,
Clean Energy ,
Energy Tax Incentives ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
Renewable Energy ,
Tax Credits ,
Tax Planning ,
Tax Reform ,
U.S. Treasury
On May 22, 2025, the House passed the legislation entitled “The One Big Beautiful Bill” (the “BBB”). The BBB makes permanent, extends and, in certain cases, modifies, a number of provisions from the 2017 Tax Cuts and Jobs Act...more
6/2/2025
/ Business Taxes ,
Corporate Taxes ,
Depreciation ,
EBITDA ,
Inflation Reduction Act (IRA) ,
International Tax Issues ,
New Legislation ,
Partnerships ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Legislation ,
Tax Rates ,
Tax Reform
On January 30, 2025, a bipartisan group of US Senators released a discussion draft of the Taxpayer Assistance and Service Act (“TAS Act”), a taxpayer-friendly legislative proposal. While it is uncertain whether the TAS Act...more
On January 30, 2025, a bipartisan group of US Senators released a discussion draft of the Taxpayer Assistance and Service Act (“TAS Act”), a legislative proposal that, if passed, could significantly alter tax controversy...more