Taxes Articles

Contact your representatives in Congress and urge them to Oppose the Elimination of NOL Treatment in Section 461(l)

Your Voice Can Help Stop a $9 Billion Small Business Tax Hike Currently Secction 461(l) of the tax code currently says pass-through taxpayers cannot deduct “excess business losses” (i.e., losses above a cap of $250k for individuals and $500k for couples) in the...

Tax Update: Congressional Republicans Racing to Complete Tax Package

House and Senate Republicans are charging toward their self-imposed July 4 deadline for passage of their multi-trillion-dollar reconciliation package, the One Big Beautiful Bill Act (H.R. 1), with Senate Majority Leader John Thune (R-SD) pledging to bring the Senate...

Senate Finance Committee Tax Title – Summary and Analysis

On June 16, Senate Finance Committee Chairman Mike Crapo (R-ID) released text of the committee’s tax title for the Senate’s fiscal year (FY) 2025 budget reconciliation bill.   The Finance Committee’s tax title (Title VII) makes several modifications to the...

Quick Poll: Share Your Thoughts on The One Big Beautiful Bill

We’d love to hear from you! Please take a moment to participate in our quick poll on The One Big Beautiful Bill .   Your input helps us better understand and represent the interests of family owned businesses across the country.   Click here to vote. Thank...