Tax Policy - HEROES Act Temporarily Increases Dependent Credit Generosity Among other revenue provisions (Division B) of last week’s House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, the bill would make changes to certain...

Tax Policy - Breaking Down State and Local Aid under the SMART Act The State Municipal Assistance for Response and Transition (SMART) Act, sponsored by Senators Bob Menendez (D-NJ) and Bill Cassidy (R-LA) in the Senate and by Rep. Mikie Sherrill (D-NJ) in the...

Tax Policy - Neutral Cost Recovery Is Not a New Idea Today, lawmakers and the administration are exploring policies to meet the need to increase investment and economic output amid an economic downturn. Improving the cost recovery treatment of long-lived assets...

IRS Tax News - IRS mobilizing 3,500 phone operators to answer stimulus questions With many taxpayers still having problems using the Internal Revenue Service’s “Get My Payment” website, the IRS announced that it is mobilizing 3,500 telephone representatives to...

Tax Policy - HEROES Act First Bid to Provide Phase 4 Relief for Businesses and Individuals The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, a draft released Tuesday by Democrats in the U.S. House of Representatives, is the first bid to...