Tax law changes have resurfaced in the budget reconciliation bill—the Inflation Reduction Act of 2022—which was passed by the Senate on Sunday, Aug. 7. The House of Representatives is expected to vote on it by Friday, Aug. 12.
RSM’s Washington National Tax team continues to analyze text of the legislation and will provide insights to help you and your organization understand what has happened, what it means and what’s next.
- Potential implications of a new corporate minimum book tax and a 1% excise tax on certain repurchases of corporate stock
- An overview of the energy and climate proposals
- What’s ahead for IRS funding and enforcement