Estate Exemption Portability
The IRS issued a simplified procedure for certain estates to obtain an extension of time in which to to make a portability election under Code
Scott Newsom
August 5, 2022
The IRS issued a simplified procedure for certain estates to obtain an extension of time in which to to make a portability election under Code
Several significant tax law changes took effect in 2021 that may affect your business’s federal tax filings. As the year draws to a close, we
Due to the enactment of legislation to offset the economic burden wrought by COVID-19, there is a lot to consider when reviewing year-end tax planning
In late May, the Biden Administration released its proposed budget for fiscal year 2022. Proposals in the budget, which are described in the General Explanations of
At the end of 2020, Congress passed, and President Trump signed, a new law that provides for additional relief related to the coronavirus (COVID-19) pandemic.
Depreciation Deductions Among the many changes made by the CARES Act, the one which may have the most impact is the correction of a technical error
Effect of CARES Act Rebate on Your 2020 Tax Return Under the CARES Act, individuals with income under a certain level are entitled to a recovery rebate tax
The Department of Treasury and Internal Revenue Service issued guidance (August 28, 2020) implementing the Presidential Memorandum issued on August 8, 2020, allowing employers to defer withholding
On August 8, 2020, President Trump signed four executive actions which the Administration said will assist individuals and businesses suffering as a result of economic
Newsom and Associates PA
12740 Atlantic Blvd
Suite 7
Jacksonville, FL 32225
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