Journal of Accountancy: President’s budget contains many tax proposals (May 28, 2021)

Alistair Nevius has published an article on the Journal of Accountancy, titled “President’s budget contains many tax proposals.” The article begins as follows:

President Joe Biden’s administration unveiled its proposed budget for fiscal year 2022 on Friday. Treasury says the $6 trillion proposed budget focuses on infrastructure, clean energy, and research and development, and among its many provisions are a host of proposed tax changes affecting individuals and corporations.

One set of tax and revenue proposals, named the American Families Plan, would increase taxes on high-income individuals, make permanent various recent tax credit expansions, further limit like-kind exchanges, and address various tax administration issues, including regulation of paid tax return preparers.

Click here to see full article: “President’s Budget Contains Many Tax Proposals.”

Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.

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