Sep 8, 2020 | Family Businesses, FEUSA, Taxes
The Corporate Transparency Act will create significant privacy concerns for families, family business and family offices. Specifically, this bill: Requires corporations and limited liability companies disclose their true, beneficial owners to FinCEN at the time the...
Sep 7, 2020 | Family Businesses, FEUSA, In The News, Taxes
During an Internal Revenue Service monthly payroll teleconference today, Kelly Morrison-Lee, an agency attorney, confirmed that the payroll tax deferral is optional at the discretion of the employer. This confirms that employers, not employees, have the choice of...
Aug 15, 2020 | FEUSA, In The News, Taxes
On Saturday, Aug. 8, 2020, President Donald Trump signed four executive orders (EO) to defer payroll taxes, set up an assistance program for lost wages to supplement unemployment benefits, extend the federal moratorium on evictions and defer student loan payments....
May 22, 2020 | COVID-19, FEUSA, In The News, Taxes
What to Expect in Next Economic Recovery Package House Democrats’ Opening Bid—The HEROES Act Only four days after its May 12 introduction, the House narrowly approved the HEROES Act (H.R.6800), 208-199. The legislation contains Democratic policy priorities, including...
Mar 28, 2020 | FEUSA, In The News, Taxes
Congress has approved a 2 trillion dollar emergency relief bill, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and sent it to the White House, where it is expected to be promptly signed by President Trump. The bill includes hundreds of billions of...
Mar 12, 2020 | FEUSA, In The News, Taxes
Illinois Illinois governor floats graduated state income tax that would replace flat tax. Massachusetts IT’S A MINIMUM TAX: Massachusetts lawmakers are seeking to update the state’s corporate tax structure to funnel more money toward transportation, as...
Feb 14, 2020 | FEUSA, In The News, Taxes
Idaho: State Rep. Jason Monks is proposing to kill off property taxes with a 5-percentage point increase in the sales tax — a move that would take the statewide rate all the way up to around 11 percent. “I call it a thought grenade; we threw it out there and...
Jan 28, 2020 | Family Businesses, FEUSA, Taxes
By, Jay Prag, Townhall.com When a revolution is driven by perceived, unjust inequality it often features a violent overthrow of a very small upper class by the much larger, (often characterized as) oppressed lower class. And famously during the French revolution the...
Dec 21, 2019 | FEUSA, Taxes
If you’ve seen the recent FEUSA/PATG presentation on Voter Sentiment and Tax Policy, you know we highlight the fact that most of the tax deals happen at the end of the year when Congress has a deadline and wants to leave town. It wasn’t much different this year as...
Dec 10, 2019 | Estate Taxes, FEUSA, Taxes
Another week, another plethora of proposals to tax the rich. Most of these plans are from presidential aspirants, with an assist to outside groups who are more than happy to outline the various ways the taxation could be accomplished. Just this week we got an...
