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4 Tax and Legislative Developments to Monitor in the New Legislative Session
Posted by Bill Smith on Wed, Jan 13, 2021 @ 12:44 PM

Amid a chaotic week in Washington D.C., final election results came in that determined the composition of the Senate. Both Georgia Senate seats went to the Democratic candidates, which tipped the balance of power in the Senate to the Democratic party, with Vice President-Elect Kamala Harris presiding as the presumed tie-breaking vote in a chamber evenly split 50-50. This assumes that the Senate Democrats vote along party lines, which is far from certain.

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Topics: election year, IRS, Taxes, Election, Tax Reform, senate, COVID19, Coronavirus, Republican Party, Biden, Harris, #taxplan, Filibuster, democratic party, Legislative Session

Initial Election Results Complicate Chances for Tax Changes in 2021
Posted by Bill Smith on Thu, Nov 12, 2020 @ 02:11 PM

A close 2020 election may dampen prospects for some of the more ambitious tax changes proposed by former Vice President Joe Biden, who was declared the winner of the presidential race over the weekend by several news outlets. The situation is still uncertain, however, with President Trump filing lawsuits challenging the vote count in several states and refusing to concede the election at this time.

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Topics: election year, IRS, Taxes, Election, Trump, COVID19, Coronavirus, Biden, Harris, #taxplan

How the Election Could Affect Your Taxes
Posted by Bob Smith on Fri, Sep 16, 2016 @ 01:49 PM

Comprehensive tax reform changes are commonly heard as presidential campaign promises, but the ideas put forth by the nominees provide some approaches to tax reform with which you should be familiar. What we know of Donald Trump’s and Hillary Clinton’s plans for the federal tax code may indicate future areas of IRS focus or updates.

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Topics: individual tax, election year, Bob Smith, Taxes, Hilary Clinton, Donald Trump, Election, Corporate Taxes, Campaign

Is it Possible to do 2012 Tax Planning?
Posted by Grafton Willey on Mon, Nov 5, 2012 @ 09:27 AM

Too Many Unknowns and Uncertainties Make This Year’s Tax Planning More Difficult than Ever 

Author: Grafton "Cap" Willey, CPA

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Topics: tax issues, tax planning, tax, Cap Willey, year-end tax planning, tax changes, election year, IRS, compliance

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