U.S. House of Representatives Pass Build Back Better Act

By Zach WimbergerOn November 19, 2021, the House of Representatives passed the Build Back Better Act (“BBBA”) for advancement to the Senate. Included in the…

LIFO For Auto Dealerships In 2021: Is Relief On The Way?

By Zach WimbergerFor dealers on the new vehicle Last-In, First-Out (LIFO) method, potentially significant levels of LIFO taxable income recapture from prior years have become…

Biden’s Tax Plans Outlined in Proposed Budget for 2022

By Zach WimbergerOn May 28th, 2021 President Joe Biden’s administration released its budget proposal for 2022. The $6 trillion budget included various provisions for items…