Congress has passed new legislation to allow the IRS to quickly offer tax relief after state-declared disasters or emergencies, without having to wait for a federal disaster declaration, which can...
The Internal Revenue Service has announced tax relief measures for individuals and businesses in 67 Texas counties affected by Hurricane Beryl, which began on July 5, 2024.Affected taxpayers now have...
(authored by RSM US LLP) Tax legislation packaging the child tax credit and favorable business tax provisions moves to the Senate with momentum but an uncertain fate....
Authored by Haynie & Company Partner Bernard Abercrombie, CPAIn February of this year, Texas suffered through an unprecedented winter freeze. Many suffered damage because of the freeze, all the way...
To provide tax relief to businesses suffering during the COVID-19 pandemic, the CARES Act temporarily relaxes the limitation on deductions for business interest expense. This article explains the rules that...