COVID-19 Relief For Tax-Exempt Bonds: Telephonic Public Hearings Extended To September 30, 2021

The IRS released Revenue Procedure 2020-21, which provided relief for issuers seeking to do a public hearing for their bonds amidst the COVID-19 pandemic, on May 4, 2020. Revenue Procedure 2020-21 permitted a public hearing to be held by teleconference. The hearing must be accessible to residents of the approving governmental entity through a toll-free phone number. Revenue Procedure 2020-21 is applicable to hearings held from May 4, 2020, through December 31, 2020. Read our prior […]

By | December 3rd, 2020 ||

2020 Year-End Tax Planning Guide

First and foremost, we hope that you, your family and all of your loved ones are remaining safe and healthy during this incredibly difficult year, which has been challenging on many different levels. While achieving tax savings is an important financial goal, 2020 has certainly emphasized how secondary or even tertiary of a concern this can be.

That being said, this past year has seen the passage of several significant tax laws – among them […]

By | December 3rd, 2020 ||

Biden’s Tax Plan

Although quantitative analysis is necessarily subject to considerable uncertainty, many commentators estimate that Biden’s tax plan would raise federal revenues by $2 trillion to $2.5 trillion over the next decade. Approximately two-thirds of this would be from tax increases on businesses and one-third from tax increases on high-income households.

Whether the Biden tax plan will be enacted is a function of the circumstances when Biden takes office. The appetite for tax reform will, in part, […]

By | December 3rd, 2020 ||