True Partners Insights

Politics and Congressional Activity The House and Senate approved a temporary spending bill, which was signed by the President on October 1st, preventing a government shutdown by funding the government through December 11, 2020.  The bill reflects an agreement reached by Congressional leaders and the Administration on issues including farming assistance and nutrition programs, and generally maintains funding at FY 2020 levels. With approval of the short-term funding legislation, it […]

On July 28, 2020, the US Treasury and IRS released final regulations (the Final Regulations) and new proposed regulations (the 2020 Proposed Regulations) on the business interest expense (BIE) deduction limitation under §163(j) (§163(j) limitation) of the Internal Revenue Code (Code).  Both the Final Regulations and the 2020 Proposed Regulations were published in the Federal Register on September 14, 2020. §163(j) was modified by the 2017 US tax reform legislation, […]

Election Day is November 3rd, and there are a number of policy debates dominating this Presidential election cycle including the COVID-19 pandemic and the federal response to it, the Supreme Court and the current vacancy created by the death of Justice Ruth Bader Ginsburg, racial and ethnic equality, healthcare and the future of the Affordable Care Act (ACA), and climate change.  Tax policy issues are also on the ballot for […]