Tag Archives: tax law changes

By Josh Miller, CPA Partner As we begin the 2021 tax filing season, there are important tax law changes to be aware of before preparing your tax return. There are three issues that will affect many individuals. Advanced Child Tax Credit In years past, the child tax credit (CTC) was only partially refundable, meaning the […]

By Randy Mihm, CPA, JD partner Prior to the 2020 election, candidate Joseph Biden proposed significant changes to the taxation of capital gain income. Pronouncements from the Biden campaign had been to tax long-term capital gain income at the same rates of tax as ordinary income and to change the terms of the stepped-up basis. […]