Many taxpayers have been closely monitoring Congress to see if tax extenders could provide much-needed federal income tax relief regarding the 2021 and 2022 Tax Cuts and Jobs Act sunset provisions, including R&E capitalization and the tightening of the interest expense limitation rules. On Friday, June 9th, the House of Representatives introduced three bills in the House Ways and Means Committee that could alleviate burdens placed on privately owned businesses.
Viewers Will Learn About
- Analyzing the Tax Cuts and Jobs Act sunset provisions for the 2022 and 2023 taxable years.
- Assessing the new tax law proposed in the Build It In America, Small Business Jobs, and Tax Cuts and Working Families Acts.
- Evaluating the U.S. budgetary impact of the proposals.
