Tax Alert – Oklahoma Tax Commission Proposed 2023 Administrative Rules Changes
This Alert summarizes some of the changes stated in the OTC Proposed Rules for 2023.
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Tax Alert – SECURE 2.0 Act of 2022: Retirement Benefit Changes
This Alert summarizes some of the significant changes enacted.
Read More >Tax Alert – Oklahoma Tax Commission Proposed 2022 Administrative Rule Changes
The Oklahoma Tax Commission has published proposed changes to the administrative rules applicable to Oklahoma taxes ("OTC Rules") for 2022.
Read More >Tax Client Alert – Internal Revenue Service Updates Qualified Retirement Plan Compliance Procedures
The IRS has issued important new guidance to update its Employee Plans Compliance Resolution System.
Read More >Tax Alert – American Rescue Plan of 2021: Federal Tax Provisions
The Act provides additional relief to address the continued impact of COVID-19 on the economy, public health, state and local governments, individuals, and businesses.
Read More >Tax Alert – 2021 Proposed Administrative Rules Changes
The Oklahoma Tax Commission has published proposed changes to its administrative rules with respect to Oklahoma taxes ("Tax Commission Rules") for 2021.
Read More >Tax Client Alert – Consolidated Appropriations Act, 2021, Taxpayer Certainty and Disaster Tax Relief Act of 2020, and Federal Tax Law Changes
The Consolidated Appropriations Act, 2021 includes federal tax law changes in a part of the bill, the Taxpayer Certainty, and Disaster Tax Relief Act of 2020.
Read More >Tax Client Alert – COVID-Related Tax Relief Act of 2020
The Consolidated Appropriations Act, 2021 includes certain other federal tax law changes and extensions in another part of the bill, the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which are not discussed in this summary.
Read More >Employment Client Alert – COVID-19 Relief Package Provides Employers Additional Benefits
The President has signed a second round of COVID-19 relief which includes the extension, modification, and creation of many tax benefits to employers, including a continuing tax credit for what will now be voluntary leave under the Families First Coronavirus Response Act (“FFCRA”) if taken after December 31, 2020.
Read More >Tax Alert – IRS Issues New Guidance on Tax Effect of PPP Loan Forgiveness
The IRS has issued further guidance on federal income tax treatment of loans received and forgiven under the Paycheck Protection Program (“PPP”) established by the CARES Act.
Read More >Tax Alert – IRS to Issue Favorable Regulations on SALT Deduction Limitation Workarounds by Partnerships and S Corporations
The IRS announced in Notice 2020-75 that it will issue proposed regulations on the federal income tax deduction by a partnership or S corporation for its payment of State and local income taxes at the entity level.
Read More >Tax Client Alert – President Trumps Payroll Tax Deferral What We Know and What We Don’t Know
While the President is attempting to temporarily relieve the tax burden on workers, the memorandum raises more questions than it provides answers.
Read More >Tax Client Alert – IRS Notice 2020-32 – IRS Says No Federal Income Tax Deductions Allowed for Costs and Expenses Paid with Forgiven Paycheck Protection Program Loans
The IRS published Notice 2020-32 on May 1, 2020 affecting the federal income tax deduction of expenses by taxpayers who have received coronavirus pandemic relief through a loan (“covered loan”) pursuant to the Paycheck Protection Program established under the CARES Act.
Read More >Tax Client Alert – Relief from Failure to Make Employment Tax Deposits
The IRS has published guidance providing relief from failure to make employment tax deposits to employers entitled to the refundable tax credits provided under the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and Economic Security Act.
Read More >Tax Client Alert – Coronavirus Aid Relief and Economic Security Act or “CARES Act”
The CARES Act includes federal tax law changes to the Internal Revenue Code of 1986 (“Code”) aimed at providing financial relief for individuals and businesses affected by the coronavirus (COVID-19) pandemic.
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