Tax Law Legislation Archives

Since 1954, Internal Revenue Code Section 174 has allowed Life Science companies engaged in research and development to deduct those…

Tim TorresJune 13, 2025

Buried in the House version of the “One, Big, Beautiful Bill” there is a new Internal Revenue Code (IRC) Section…

Some major tax changes could be coming—if the Senate signs off. The House has passed a bill introducing several new…

Earlier today, the House passed the bill by a single vote. The legislation now moves to the Senate, where lawmakers…

As the legislative process is in the early stages of development and changes are sure to follow, below we outline…

As part of the House's initial draft of the legislative package known as “The One, Big, Beautiful Bill,” lawmakers have…

Ryan MooreMay 15, 2025

House Republicans have revealed the tax portion of the “Big, Beautiful Bill”, as promised. Much of the bill is an…

The New Jersey Division of Taxation is in the process of rolling out a modernized tax-filing system in an effort…

Kacee BoydMay 7, 2025

Date: 4/30/2025 | Author: Bill McDevitt, CPA In a surprising announcement yesterday, Treasury Secretary Scott Bessent called full expensing “one…

Bill McDevittApril 30, 2025

Date: 4/24/2025 | Author: Bill McDevitt, CPA House Republicans are planning to bring Tax Legislation to the floor during the…

Bill McDevittApril 24, 2025