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Washington Tax Insight November 2021

Politics and Congressional Activity Congressional work on legislation designed to enact the agenda laid out by President Biden in his State of the Union address and his budget plan for Fiscal Year 2022 has accelerated this fall with major developments related to the Build Back Better legislation, which is progressing under the budget reconciliation process.   After enacting additional pandemic-relief legislation in early 2021, Congress moved on to approve infrastructure legislation […]

November 12, 2021

Partnership Tax Reform: The Wyden Proposals and Budget Reconciliation Legislation

Congress is currently working on legislation designed to enact the agenda laid out by President Biden in his State of the Union address and the budget for Fiscal Year 2022, which was forwarded to Congress in the spring.  After enacting pandemic-relief legislation in early 2021, Congress then moved on to infrastructure legislation, which was approved in the Senate in August and is awaiting final action in the House. The major […]

November 4, 2021

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