The IRS is requiring additional information for partnership and S corporation tax returns this year. However, some returns might not be required to file this extra information. Paul Neiffer summarize the details for you.
Will This be the Last Year of 100% Bonus Depreciation
100% bonus depreciation is scheduled to go to 80% in 2023 and then be reduced by 20% each year. Paul Neiffer reviews how Section 179 and bonus depreciation interact.
The original text of the Build Back Better Act proposed increasing the Section 2032A reduction to $11.7 million. Paul Neiffer reviews how this might work.