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Talk of the Town

Congress "Acts" on Tax Extenders Providing Sought Relief
Alleviating some of the uncertainty about many tax breaks and benefits that expired in December of 2013, Congress recently passed the Tax Increase Prevention Act of 2014. The Act provides sought relief for both individuals and businesses by extending certain "tax extenders" retroactively throughout 2014.
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IRS MACRS Regulations Update
The IRS recently updated and finalized the Modified Accelerated Cost Recovery System (MACRS) regulations, which provide stability and planning to businesses that are currently operating under a set of temporary repair regulations.
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To learn more about Sanders Thaler Viola & Katz, LLP, visit www.st-cpas.com.

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