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Federal Tax Insights

WEBINAR: Tax Reform 2.0 The Sequel – The Made in American Tax Plan

This one-hour course covered key aspects of the Made in America Tax Plan described in the Whitehouse Whitepaper and most recently, in the Presidents proposed budget for fiscal year 2022. We reviewed the proposals and accounting impact of the Senate Finance Committee proposal, along with discussions on tax items by the OECD. We reviewed the financial reporting impact of these tax plans, if enacted, under ASC 740 Accounting for Income […]

July 28, 2021

Will Clean Renewable Energy Tax Proposals be Enacted by Congress in 2021?

The Biden Administration is pushing forward with a $3.5 trillion plan to provide significant initiatives intended to reform and expand current law tax incentives and create new energy tax incentives that are designed to encourage companies to invest in clean renewable energy solutions and source energy from clean renewable sources.  As the Biden Administration looks to pull away from the dependence on fossil fuels, it has made energy a primary […]

July 22, 2021

Washington Tax Insight July 2021

Politics and Congressional Activity Congress has returned from the July 4th recess and is scheduled to leave again for the August recess on August 9th and return on September 10th.   There is the possibility that the August recess will be delayed, especially considering the busy schedule facing the House and Senate.  Senate Majority Leader Schumer (D-NY) has warned his Senate colleagues that the recess will be deferred until the Senate […]

July 14, 2021