Russell Sullivan

2 months ago | lexology.com | Rosemary Becchi |Russell Sullivan

Click here to listen to the podcastTax law allows those who itemize their returns to deduct certain state and local taxes, this is known as the SALT deduction. The provision was capped for individuals regardless of marital status at $10,000 by the Tax Cuts and Jobs Act as a revenue raiser, upsetting those in high-tax states like New York, New Jersey and California.

Oct 8, 2024 | mondaq.com | Russell Sullivan

In March 2024, the U.S. Supreme Court decided Trump v. Anderson and unanimously rejected the attempt to keep former President Donald Trump off Colorado's 2024 ballots. Colorado had advanced a novel but straightforward argument: the events of January 6, 2021, rendered former President Trump ineligible for future federal office per the 14th Amendment to the U.S Constitution. Unable to serve, Colorado's election officers were duty-bound to keep Trump off the ballot, or so the argument went.

Sep 19, 2024 | mondaq.com | Rosemary Becchi |Russell Sullivan |Mark Pryor

As part of their continuing podcast series looking into tax policy in 2025, Russ Sullivan and Rosemary Becchi dive into changes to 199-A regulations. Joined by former Sen. Mark Pryor, they discuss how this provision's expiration could lead to material harm for small business and pass-through businesses across the country. They also cover methods concerned industry members can utilize to protect 199-A rates, including joining the Protect Coalition, an organization solely focused on this issue.

Sep 17, 2024 | lexology.com | Rosemary Becchi |Mark. L. Pryor |Russell Sullivan

Click here to listen to the audioAs part of their continuing podcast series looking into tax policy in 2025, Russ Sullivan and Rosemary Becchi dive into changes to 199-A regulations. Joined by former Sen. Mark Pryor, they discuss how this provision’s expiration could lead to material harm for small business and pass-through businesses across the country.

Aug 8, 2024 | lexology.com | Rosemary Becchi |Russell Sullivan |Will Dunham |Nadeam Elshami

Click here to listen to the audioThe 2024 election cycle has seen a lot of twists and turns. With so much uncertainty, our Tax Policy team invites bipartisan members of our Government Relations team to discuss how tax policy might look if either party sweeps the elections or if there is split control of government after November. Current cuts and credits that will affect individuals and companies are on the line as we count down to Election Day.