Tax Lawyer Blog

As part of your planning for next year, now is the time to review funding your retirement accounts In 2022. With the cost of living calculations and increases in inflation, higher phaseout limits make many more taxpayers eligible for fully deductible contributions. So plan now to take full advantage of...

The Internal Revenue Service released Notice 2021-49 on August 4th providing additional guidance on the employee retention credit (ERC). This Notice addresses one of the most frequent questions we receive: Are wages paid to an employee who owns more than 50% (majority owner) of a corporation qualified wages for purposes...