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IRS Audits Corporate Jets To Ensure High Income Taxpayers Don't Fly Under The Radar

Audits will be focused on aircrafts used by large corporations, large partnerships and high-income taxpayers with a look at allocation between business and personal use. ....

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A Technical Correction to Address the Impact of the State and Local Tax Deduction Cap on State-Based Tax Credit Scholarship Programs

The Tax Cuts and Jobs Act (TCJA) of 2017 was the most comprehensive update to the federal tax code in more than 30 years. Although the primary goal of the reform was economic growth and job creation, an important secondary goal was making the federal tax code more neutral toward state tax policy. ....

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House Passes Build Back Better Act | Groom Law Group, Chartered

On November 19, 2021, the U.S. House of Representatives voted to approve the Build Back Better Act (H.R. 5376, the “BBB Act”), the budget reconciliation bill that includes much of. ....

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The Build Back Better Act: Tax Reform Implications for Private Equity M&A | McDermott Will & Emery

On October 28, 2021, US President Joe Biden unveiled his slimmed down $1.75 trillion infrastructure spending plan and congressional leadership released H.R. 5376 (the Build Back Better. ....

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Private Equity Implications of Build Back Better Tax Reform

Joe Biden unveiled his slimmed down $1.75 trillion infrastructure spending plan and congressional leadership released BBBA which contains revised proposals for tax law changes to pay for the various pieces of President Biden’s new agenda. ....

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