Tax Law News and Insights

In 2024, the IRS announced that it was intensifying its audit of the deductibility and use of private aircraft. Previously, the use and ownership of such aircraft was not a high-priority item. The IRS named this new audit priority the "Business Aircraft Campaign." Such private use for business can take...

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The One Big Beautiful Bill Act, a budget reconciliation bill, passed the United States House of Representatives vote on May 22, 2025, and is currently under Senate consideration. The bill, if enacted, would make significant changes to U.S. income tax law, including by adding a new section 899 to the...

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Iowa has five different sales and use tax exemptions specifically for data centers. On June 6, 2025, Iowa Governor Kim Reynolds signed  H.F. 976, a law which changes the scope and administration of these data center exemptions. The data center portions of this bill take effect immediately. Businesses with current or...

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