The Tax Blotter – March 2023
Many of the changes for individuals in the Tax Cuts and Jobs Act (TCJA) are temporary and are scheduled to expire after 2025. But some are permanent provisions of the tax code.
Internal Revenue Service
Tax Considerations for High-Net-Worth Individuals in 2023
Those who are not ready for this potentially seismic shift should speak to their advisors as soon as possible in order to take advantage of planning opportunities.
IRS and State Move Spring Tax Deadline to Oct. 16 for Most Californians
The new deadline of Oct. 16 applies to California and federal individual and business tax returns and payments.
How the Inflation Reduction Act Impacts Corporate AMT and Bonus Depreciation
The Inflation Reduction Act reintroduces the corporate AMT, but with major changes, and it only applies to certain corporations, but a company only needs to pass the book income test once to be subject to AMT.