Biden Administration Tax Proposals

Biden Administration Tax Proposals

On May 28, the U.S. Treasury Department released the Green Book, which outlines specific tax provisions the Biden Administration seeks to enact this year. In addition to raising taxes, proposals call for eliminating the “stepped-up basis” for assets when they are...
Pass-Through Tax Deduction Set to Expire in 2025

Pass-Through Tax Deduction Set to Expire in 2025

From Main Street to the Forests, Tax Certainty is Essential FLA is urging Congress to make permanent the Section 199A 20-percent deduction for pass-through businesses permanent by passing the Main Street Tax Certainty Act. For forestry businesses setup as pass-through...