Knowledge Center

Articles April 12, 2021 President Sends 2022 Discretionary Funding Request to Congress

This article gives an overview of President Biden’s 2022 Discretionary Funding Request, which includes $769 billion for non-defense discretionary spending, a 16% increase over amounts enacted for FY 2021. The request is intended to get non-defense di…

Articles April 12, 2021 QOZ Alert: New York Decoupling from Deferral of Tax for Capital Gains

The New York State Budget bill currently before Governor Cuomo for signature has a provision repealing the deferral of tax for capital gains invested in qualified opportunity funds (QOFs) effective January 1, 2021.

Blogs April 09, 2021 ERC -- Full or Partial Suspension of Trade or Business Operation

When a business is required to suspend operations by a governmental order, the taxpayer clearly qualifies for the ERC -- but what about those businesses that are allowed to operate during a governmental shut-down due to being deemed essential?

Blogs April 09, 2021 IRS Notice 2021-23: Yet More Guidance for the Employee Retention Credit

A look at the latest guidance from the IRS relative to the Employee Retention Credit (ERC).

Blogs April 06, 2021 Changes to the 2020 Form 990-PF

This article offers an overview of the changes for 2020 of which filers of Form 990-PF need to be aware.

Articles April 05, 2021 The Biden Infrastructure Proposal – The Tax Plan Within

An overview of the Biden Administration’s $2.25 trillion infrastructure proposal.

On-Demand Webinars April 01, 2021 On-Demand Webcast: The Intersection of ERC & PPP

Our panelists discussed the latest IRS guidance, as well as the interaction between the Payroll Protection Program and the Employee Retention Credit.

Articles March 31, 2021 IRS Formalizes 2020 Individual Tax Filing Extension

The IRS, in Notice 2021-21, has formalized a previous release extending the federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. This article also highlights additional details of the tax filing extension.

Podcast March 29, 2021 Is Your Business Taking Full Advantage of the Employee Retention Credit?

The Employee Retention Credit (“ERC”) has taken on greater prominence since the signing of the 2021 American Rescue Plan Act. Ben Aspir, a senior manager in EisnerAmper’s National Tax Practice, discusses who’s eligible, credit amounts, timelines, the…