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Tag Archives: Tax reform

President Proposes Higher Taxes on Billionaires, Corporations by Joseph C. Leuchter, CPA


Posted on April 20, 2022 by Joseph Leuchter

The Biden administration recently released its fiscal budget for 2023, which an accompanying fact sheet claims will help lower costs for American families, expand the productive capacity of the American economy and further reduce the deficit. To raise the revenue required to accomplish these goals, the budget proposes to modify existing business and international tax […]

Limitation of Deductions for Interest Expense Impact M&A Transactions by Lewis Taub, CPA


Posted on November 03, 2021 by Lewis Taub

For tax year 2021, business interest expense deduction limitations return to their pre-COVID levels, impacting a broad range of business activities, including merger and acquisitions (M&As). Affected companies must prepare to quantify how this reduced benefit will impact their bottom lines and these transactions moving forward. Under the Tax Cuts and Jobs Act (TCJA) enacted […]