You may be wondering what types of tax planning might be in store for firms and their clients heading into 2022. With the Build Back Better bill now up for a Senate vote, the recently passed Infrastructure Investment and Jobs Act, March’s American Rescue Plan Act (ARPA), and last December’s Consolidated Appropriations Act (CAA) affecting 2021 tax filings, now’s the time to get an update on what we know – and what we don’t -- heading into the new year.
In this web seminar led by Mark Luscombe, J.D., LL.M., CPA and Principal Analyst for Wolters Kluwer Tax & Accounting he delves into some of the tax planning considerations for 2022. Luscombe is the senior tax expert on the editorial and analyst staff, and is a key member of the Tax Legislation team that tracks, reports and analyzes tax legislation before Congress. Topics Mark covers include:
- Tax provisions of the Infrastructure Investment and Jobs Act
- Tax provisions currently in the Build Back Better bill and those that have been dropped
- What tax breaks from the American Rescue Plan may get extended to 2022 and which tax breaks may not
- The changing expiration dates for the Employee Retention Credit
- New reporting requirements: crypto, third-party payment processors, and banks
