Recent Articles
📘 2025 Tax Act Executive Summary – Business & Public Insights
🏛️ The One Big Beautiful Bill (P.L. 119-21) permanently enacts many of the 2017 TCJA tax cuts, introduces new family- and business-friendly tax benefits, and refines several existing provisions. Below is a breakdown of the major changes: 💵 Permanent Reduction...
2025 IRS Tax Reform Highlights – Business & Public Edition
🧾 Prepared for: General Public & Business Community📅 Effective Period: Various provisions starting post-2025📚 Source: Internal Revenue Code (IRC), Amended by 2025 Tax Act 🚀 Expansion of Qualified Small Business Stock (QSBS) Gain Exclusion 📌 What’s New: 📈 New Limits:...
📘 2025 Tax Act Executive Summary – Business & Public Insights
🏛️ The One Big Beautiful Bill (P.L. 119-21) permanently enacts many of the 2017 TCJA tax cuts, introduces new family- and business-friendly tax benefits, and refines several existing provisions. Below is a breakdown of the major changes: 💵 Permanent Reduction...
💼💰 AbbVie Wins in Tax Court: $1.6B Breakup Fee Deemed Deductible Business Expense
🏛️ AbbVie Inc. v. Commissioner, 164 TC No. 10 (2025) 📖 Case in Brief In a major win for businesses navigating M&A deals, the Tax Court ruled in favor of AbbVie, holding that its $1.6 billion breakup fee paid to...
The U.S. Senate unanimously passed the No Tax on Tips Act (S. 129) on May 20
In a bipartisan surprise move, the U.S. Senate unanimously passed the No Tax on Tips Act (S. 129) on May 20. Originally introduced by Senator Ted Cruz (R-TX), the bill reflects a policy championed by former President Donald Trump and...
🧾 Hidden in Plain Sight: A New Federal Proposal Could Shield Businesses from State Taxes
A Strategic Look at the House’s “Big Beautiful Bill” and Its Impact on State Income Tax Rules 🗓️ As advanced to the U.S. Senate on May 22 | 🔍 Public Understanding Edition 📌 The Big Picture A quietly placed provision...