True Partners Insights

Pillar Icon

Accounting for Income Taxes Insights

Washington Tax Insight November 2020

Election Results and Congressional Activity Voters in the United States turned out in record numbers on November 3rd to cast their ballots in the Presidential race as well as state and local races.  Although most of the results have been officially announced, there are some outstanding races that have been labeled either “too early to call” or “too close to call.” Presidential Election:  With 270 electoral votes needed for victory, […]

November 9, 2020

The Excess Business Loss Limitation: Opportunities and Clarifications from the CARES Act

Summary The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted on March 27, 2020 and included many economic relief measures as summarized in previous True Alerts (Tax Issues Addressed by COVID-19 Emergency Legislation; Congressional Action on the COVID-19 Pandemic: The CARES Act).  This True Alert will focus on temporary elimination of the “excess business loss” limitations for taxable years 2018, 2019, and 2020. Background The Tax Cuts […]

November 3, 2020

TPC Tax Insights – A Podcast for the Tax Minded

We’re starting a podcast in order to share industry information and introduce smart, interesting, people whose voices we feel need to be heard. We hope to connect our employees, clients and other tax and accounting professionals who may feel isolated or “out of the loop” in this era of COVID19 and global work-from-home. Hosted by Kristin Mauer, a long time TPC team member based on the West Coast, each episode […]

October 28, 2020