Christine Walizer, Author at The S Corporation Association

Congress Needs Its Anti-Recession Tools

With the odds of a recession rising, a common tool used to counter past slowdowns may no longer be available. That’s bad news for private businesses and the workers they employ. Congressional tax-writers need to start thinking about this issue now, while there’s still time to address it.

The tool in question is allowing businesses suffering losses to carry those losses back to previous years, reducing their tax liability in those years, and receiving refunds now while the economy is doing poorly. The benefit itself is mostly one of timing. Any refunds received while the economy is slow will be …

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admin2022-06-13T12:27:55+00:00June 10, 2022|

Talking Taxes in a Truck Episode 21: “BBB Resurrection, or Not”

Our podcast guest is Liam Donovan, a Principal at Bracewell LLP and certified “bluecheck” commentator (@LPDonovan) on national politics. Liam and Brian discuss the latest K Street rumors of a resurrected Build Back Better Act, how the Twitter-sphere helped debunk the “plan” and why, despite all this, it’s still too early to declare the effort dead. Liam also shares his thoughts this week’s primaries and lays down his predictions for the House and Senate this fall. We close out with a trip down Hoyas basketball memory lane, a harsh critique of Maryland drivers, and a movie recommendation.

This episode of …

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admin2022-06-08T19:20:16+00:00June 8, 2022|

The $10 Billion Tax Cut No One’s Talking About

The Wall Street Journal’s Richard Rubin is out with a new piece that looks at our ongoing SALT Parity efforts, and the massive savings they’ve unlocked for hundreds of thousands of family businesses across the country.

Before getting to the good news, a quick primer for those new to the issue. The state and local tax (SALT) deduction cap imposed by the Tax Cuts and Jobs Act (TCJA) put S corporations and partnerships at a competitive disadvantage. C corporations could continue to fully deduct their SALT as a business expense while …

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admin2022-05-31T20:40:40+00:00May 31, 2022|

Talking Taxes in a Truck Episode 20: “Bully Tactics”

Back by popular demand is guest Joe Lieber, Director of Research at policy research firm Washington Analysis. Joe dives into the implications of the recent primary elections and highlights which House and Senate races he’s watching most closely. Then Joe and Brian debate just how dead the Build Back Better Act is and Joe lays out a compelling – and terrifying – case for why it still could pass in the coming months. We wrap things up with some predictions, a poorly-worded question about tacos, and an exploration of luxury travel.

This episode of Talking Taxes in a Truck was recorded …

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admin2022-05-26T18:52:14+00:00May 26, 2022|

Webinar Recap: Inflation, Taxes, and Family Businesses – What do Voters Really Think?

Yesterday, S-CORP hosted a webinar to highlight the results of our new national survey. David Winston, whose research and polling firm conducted the survey, was on hand to break down the results and explain how voters feel about inflation, the Build Back Better Act, the current state of the economy, and their potential impact on November’s elections.

As David made clear, the polling shows that Americans are well aware of the impact additional federal spending and tax hikes would have on inflation and are simply not on board with the Administration’s plans to increase taxes, particularly those on Main Street …

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admin2022-05-20T12:39:14+00:00May 20, 2022|