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Federal Income Tax Changes in the Consolidated Appropriations Act of 2021

The Consolidated Appropriations Act of 2021, enacted late last year, includes several tax related changes and incentives affecting businesses. Congress overruled guidance from the Internal Revenue Service to provide that...more

CARES Tax Benefits For Businesses – Increased Deductions, Increased Use Of Losses, And Potential Refunds

The Coronavirus Aid, Relief, and Economic Security Act (CARES) enacted on March 27, 2020 contained several significant business-related tax changes highlighted below. Many of these changes are limited in the period to which...more

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