Wendi L. Kotzen

Feb 13, 2024 | jdsupra.com | Christopher A. Jones |Wendi L. Kotzen |William Mitchell

SummaryOn January 31, 2024, the United States House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 (TRAFW Act), which is now under consideration in the Senate. The TRAFW Act, in addition to other changes, would implement several important business tax changes. The Upshot The TRAFW Act would increase the amount of business interest that a taxpayer can deduct for tax years beginning after December 31, 2021 and prior to January 1, 2026.

Feb 8, 2024 | ballardspahr.com | Christopher Jones |Wendi L. Kotzen |William Mitchell

Summary On January 31, 2024, the United States House of Representatives passed the Tax Relief for American Families and Workers Act of 2024 (TRAFW Act), which is now under consideration in the Senate. The TRAFW Act, in addition to other changes, would implement several important business tax changes. The Upshot The TRAFW Act would increase the amount of business interest that a taxpayer can deduct for tax years beginning after December 31, 2021 and prior to January 1, 2026.

Jan 26, 2024 | jdsupra.com | Christopher A. Jones |Wendi L. Kotzen

SummaryThe current draft of the Tax Relief for American Families and Workers Act of 2024 includes a proposed provision that would dramatically accelerate the deadline to file claims for the Employee Retention Credit (ERC) to January 31, 2024. The Upshot The ERC is a much-scrutinized refundable tax credit of up to $26,000 per employee for certain wages paid by employers between March 12, 2020, and before October 1, 2021.

Jan 23, 2024 | lexblog.com | Christopher Jones |Wendi L. Kotzen

The current draft of the Tax Relief for American Families and Workers Act of 2024 includes a proposed provision that would dramatically accelerate the deadline to file claims for the Employee Retention Credit (ERC) to January 31, 2024. The ERC is a much-scrutinized refundable tax credit of up to $26,000 per employee for certain wages paid by employers between March 12, 2020, and before October 1, 2021.

Jan 23, 2024 | ballardspahr.com | Christopher Jones |Wendi L. Kotzen

Summary The current draft of the Tax Relief for American Families and Workers Act of 2024 includes a proposed provision that would dramatically accelerate the deadline to file claims for the Employee Retention Credit (ERC) to January 31, 2024. The Upshot The ERC is a much-scrutinized refundable tax credit of up to $26,000 per employee for certain wages paid by employers between March 12, 2020, and before October 1, 2021.