U.S. House and Senate lawmakers have reintroduced legislation called the Main Street Tax Certainty Act, which would make permanent the Section 199A 20 percent deduction for qualified business income. This deduction, which was passed by […] Read More
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On February 25, the LIFO Coalition, which MSCI is a member of, sent a letter to officials at the U.S. Department of the Treasury requesting that the department provide relief under IRC § 473 for […] Read More
The U.S. House of Representatives could vote this week on a $1.9 trillion COVID-19 relief package. Democrats in Congress and the White House are hoping to have the legislation to President Joe Biden’s desk for […] Read More
As several news outlets reported last week, some federal lawmakers are hoping to include a significant rollback of net operating loss (NOL) relief in the next COVID-19 bill. Lawmakers passed NOL relief last spring in an […] Read More
The Internal Revenue Service (IRS) recently issued updated guidance concerning the Families First Coronavirus Response Act’s (FFCRA) refundable paid sick and family lave tax credits, which Congress has extended through March 31, 2021. As a […] Read More