The House of Representatives previously passed H.R. 1-119th Congress (2025-2026), titled the “One, Big, Beautiful Bill Act” (the “Act”), a budget bill that, among other things, addresses sunsetting provisions of the Tax Cuts...more
6/30/2025
/ Alternative Minimum Tax ,
Base Erosion and Anti-Abuse Tax (BEAT) ,
Budget Reconciliation ,
Business Income ,
Child Tax Credit ,
Corporate Taxes ,
Excise Tax ,
GILTI tax ,
Income Taxes ,
International Tax Issues ,
New Legislation ,
Over-Time ,
Pass-Through Entities ,
Proposed Legislation ,
SALT ,
Senate Finance Committee ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Policy ,
Tax Rates ,
Tax Reform ,
Taxation ,
Tipped Employees ,
U.S. Treasury
The approval of the House v. NCAA settlement marks a watershed moment in college athletics. In addition to $2.8 billion in back damages to former athletes unable to capitalize on the sale of their name, image, and likeness...more
6/23/2025
/ Audits ,
College Athletes ,
Income Taxes ,
Independent Contractors ,
NCAA ,
Reporting Requirements ,
Settlement Agreements ,
State Taxes ,
Student Athletes ,
Tax Liability ,
Tax Planning
On May 22, 2025, the House of Representatives passed H.R. 1-119th Congress (2025-2026), titled as the “One, Big, Beautiful Bill Act” (the “Act”), a budget bill that, among other things, addresses soon to sunset provisions of...more
6/4/2025
/ Business Taxes ,
Corporate Taxes ,
Income Taxes ,
International Tax Issues ,
New Legislation ,
Proposed Legislation ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Planning ,
Tax Reform ,
Taxation
Just before the close of the 446th legislative session, the Maryland General Assembly passed and sent to Governor Moore HB 352/SB 321, the Budget Reconciliation and Financing Act of 2025 (the “BRFA”). The BRFA, which Gov....more