Written by Ashley G. White, JD, CPA The SECURE Act (the “Act”) became law effective January 1, 2020, and made significant changes to the rules…
Read MoreOur experience at BMSS over the last three to four years is that we have seen fewer examinations of taxpayers than we did in the…
Read MoreMany of you may have received a letter from the IRS regarding the Advanced 2021 Child Tax Credit. As part of the American Rescue Plan…
Read MoreOn Friday, May 28, 2021, the Treasury Department issued the “General Explanations of the Administration’s Fiscal Year 2022 Revenue Proposals.” Also known as the “Green…
Read More(This article is based on our annual year-end tax planning letter but has been modified to include aspects pertaining specifically to the construction industry. For…
Read MoreThe IRS released long-awaited guidance on new Code Sec 199A, commonly known as the “pass-through deduction” or the “qualified business income deduction.” Taxpayers can rely on these…
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