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COVID-19 tax news and resources

Infrastructure bill would end ERC, increase cryptoasset reporting

The Infrastructure Investment and Jobs Act, passed by the Senate on Tuesday, contains a few tax provisions, most notably it would end the employee retention credit on Sept. 30. It would also require information reporting about cryptoasset transfers.

Dependent care assistance programs get pandemic relief

Dependent care assistance program benefits carried over or available during an extended claims period under special temporary COVID-19 relief provisions retain their status as excludable from employees’ gross income and wages, the IRS explains in a notice.

Guidance on COBRA premium assistance credit

The IRS answered questions concerning COBRA continuation coverage premium assistance and the corresponding tax credit that employers, plan administrators, and insurers may claim under the American Rescue Plan Act.

ARPA expands tax credits for families

The American Rescue Plan Act made significant changes to the child tax credit and child and dependent care credit for the 2021 tax year, making the credits larger for most taxpayers and more widely available.

PRACTICE MANAGEMENT

2026 tax software survey

CPAs rate their return preparation software’s performance during this year’s tax season.

Tax Clinic

Gift or hold? Basis step-up and transfer tax planning after H.R. 1

Practical considerations for deducting abandoned M&A transaction costs

Tax-aware investing strategies: Clearing the hurdles

OID in modern corporate debt: Timing, yield, and reporting considerations

Permanent establishment risk from remote work and the OECD’s new guidance