Tax Law Updates

Are you feeling overwhelmed by the complexities of tax law? Look no further! We have got you covered with the latest tax law updates. Our team of experienced tax attorneys specializes in assisting businesses and high net worth individuals in navigating the intricacies of tax regulations. Whether you are a company looking to minimize your tax burden or an individual seeking guidance on reducing owed taxes, our informative blog posts are here to provide you with the knowledge you need. From detailed explanations of legal concepts to engaging case studies and real-life scenarios, we aim to demystify tax law and address your common concerns. So why wait? Take the next step and reach out to our lawyer for a consultation today.

Tax Law Updates

Check out the Tax Law Updates here.

Changes to Income Tax Rates

New rates for different income brackets

The government has recently implemented changes to the income tax rates, affecting individuals and businesses across the country. These changes involve adjustments in the tax rates for different income brackets, with the aim of promoting fairness and balancing the tax burden among taxpayers.

Under the new tax rates, individuals and businesses will experience varying levels of taxation based on their income. The tax rates have been revised to reflect the income brackets, ensuring that those with higher incomes bear a greater tax responsibility. This progressive tax system aims to provide relief to lower-income individuals while capturing a fair share from high-net-worth individuals and corporations.

Impact on businesses and high-net-worth individuals

The changes to the income tax rates have significant implications for both businesses and high-net-worth individuals. For businesses, the new rates may lead to an increase in overall tax liability, particularly for those with higher profits. It is essential for businesses to carefully assess their financial situation and adjust their tax planning strategies accordingly. Consulting with a tax attorney can provide valuable insights and guidance in navigating these changes effectively.

High-net-worth individuals, on the other hand, may face higher tax obligations due to the revised rates. As their income levels typically fall into the higher tax brackets, it is crucial for these individuals to explore strategies to mitigate their tax liabilities legally. Engaging the services of a knowledgeable tax attorney can help them identify potential opportunities for tax optimization and ensure compliance with the new regulations.

Strategies to minimize tax liabilities

With the changing income tax rates, businesses and high-net-worth individuals need to be proactive in minimizing their tax liabilities. Employing strategic tax planning techniques can help optimize their financial position and ensure compliance with the law. Here are some strategies to consider:

  1. Utilizing available tax deductions and credits: Understanding the new deductions and credits available can help reduce taxable income. Businesses should explore deductions applicable to their industry, such as research and development credits or incentives for environmentally friendly practices. Individuals should take advantage of deductions like mortgage interest, medical expenses, and educational expenses.

  2. Incorporating tax-efficient business structures: Carefully selecting the appropriate business structure, such as an S-Corporation or Limited Liability Company (LLC), can have significant tax implications. Consulting with a tax attorney can provide guidance on choosing the structure that best suits the business’s needs while minimizing tax liabilities.

  3. Implementing tax deferral strategies: Delaying the recognition of income or accelerating deductible expenses can help reduce current tax obligations. Businesses can consider deferring income recognition by adjusting billing or employing installment sales, while individuals may explore strategies like tax-advantaged retirement accounts or deferring capital gains.

  4. Charitable contributions: Donating to charitable organizations not only benefits the community but can also provide tax advantages. Both businesses and individuals can take advantage of deductions for qualifying charitable contributions.

Consulting with an experienced tax attorney can provide tailored strategies based on individual circumstances to maximize tax savings and ensure compliance with the updated tax laws.

Updates to Deductions and Credits

New deductions available for businesses

Recent changes in tax law have introduced new deductions that businesses can utilize to reduce their tax liabilities. These deductions are designed to incentivize certain activities and expenses that contribute to economic growth and development.

One notable deduction is the Qualified Business Income Deduction (QBID), which allows eligible businesses to deduct up to 20% of their qualified business income. This deduction aims to support small businesses, partnerships, and certain pass-through entities, providing a significant tax benefit.

Additionally, businesses can take advantage of deductions for expenses related to research and development, investment in energy-efficient equipment, and qualified business expenses for disabled employees. By carefully planning and leveraging these deductions, businesses can lower their taxable income and ultimately reduce their tax burden.

Changes in eligibility for individual tax credits

Individual taxpayers can also benefit from recent updates to tax credits. Tax credits directly reduce the tax liability, making them particularly valuable for individuals seeking to minimize their overall tax burden.

The Child Tax Credit (CTC) has undergone significant changes, with an increased credit amount and expanded eligibility criteria. This credit offers financial assistance to families with qualifying children, providing a dollar-for-dollar reduction in their tax liability. Furthermore, the American Opportunity Tax Credit (AOTC) and Lifetime Learning Credit (LLC) support individuals pursuing higher education by reducing their tax liability.

It is crucial for individuals to review eligibility requirements and take advantage of these tax credits, as they can greatly reduce the amount owed to the government.

Maximizing deductions and credits for tax savings

To maximize deductions and credits, both businesses and individuals need to stay informed about the latest changes in tax law. Here are some strategies to consider:

  1. Consult with a tax attorney: Partnering with a knowledgeable tax attorney can provide valuable insights into the eligibility requirements and nuances of deductions and credits. They can assist in identifying overlooked deductions and credits specific to individual circumstances.

  2. Maintain accurate records: Comprehensive record-keeping is essential for claiming deductions and credits accurately. Businesses should ensure that they have documented expenses related to research and development, energy-efficient equipment, or employee accommodations. Individuals should keep records of qualifying educational expenses or documentation related to childcare.

  3. Plan for the future: Strategic tax planning can optimize deductions and credits. Businesses should plan their research and development activities, energy-efficient investments, and employee accommodations to maximize potential deductions. Individuals can plan their educational expenses efficiently to take full advantage of available tax credits.

By staying informed, engaging professional guidance, and implementing strategic planning, businesses and individuals can successfully maximize deductions and credits, resulting in substantial tax savings.

Learn more about the Tax Law Updates here.

Revision of Tax Filing Deadlines

New due dates for different types of tax returns

The revision of tax filing deadlines brings changes to the due dates for various types of tax returns. The updated deadlines aim to streamline the filing process and improve efficiency for both taxpayers and the tax authorities.

Individual taxpayers will now have more time to file their income tax returns, with the due date extended by a few weeks. This additional time allows individuals to gather necessary documentation and accurately report their income, deductions, and credits. For businesses, the deadlines have been adjusted to align with their specific tax requirements, such as partnership returns, S-corporation returns, or C-corporation returns.

Consequences of missing deadlines

Missing tax filing deadlines can have significant consequences for taxpayers. The failure to file tax returns on time may result in penalties and interest charges imposed by the tax authorities. These penalties can accumulate over time and substantially increase the overall tax liability.

For businesses, missing the deadline for filing certain types of tax returns, such as partnership or corporation returns, can lead to additional penalties. It is crucial for businesses to monitor and adhere to the revised due dates to avoid these repercussions.

Tips for avoiding late filing penalties

To avoid late filing penalties, taxpayers should take the following steps:

  1. Be aware of the revised due dates: Familiarize yourself with the updated deadlines for different types of tax returns. Mark them on your calendar and set reminders well in advance to ensure timely filing.

  2. Organize tax-related documents and information: Keep all necessary documents organized and up-to-date throughout the year. This includes income statements, expense records, deductions, and credits. Maintaining comprehensive records will facilitate the tax filing process and minimize the risk of missing relevant details.

  3. Seek professional assistance: Engaging a tax attorney’s services can provide peace of mind and ensure compliance with tax filing deadlines. An experienced tax attorney will stay up-to-date with the latest changes in tax laws and keep track of filing requirements.

By staying informed, maintaining organized records, and seeking professional guidance, taxpayers can avoid unnecessary penalties and ensure timely filing of their tax returns.

Expansion of Reporting Requirements

New reporting obligations for businesses

Recent changes in tax law have introduced expanded reporting requirements for businesses. These reporting obligations aim to promote transparency and combat tax evasion by ensuring accurate and comprehensive reporting of financial information.

One significant change is the implementation of country-by-country reporting (CbCR) for multinational corporations. This requirement mandates the disclosure of specific financial and economic information for each jurisdiction in which the corporation operates. The goal is to prevent profit shifting and ensure a fair allocation of taxes among countries.

Additionally, certain businesses may have new reporting obligations related to cryptocurrency transactions, foreign financial accounts, and international transactions. These expanded reporting requirements necessitate that businesses maintain meticulous records and submit accurate reports to the tax authorities.

Changes in foreign account reporting

Foreign account reporting requirements have also undergone changes in recent times. Taxpayers with foreign financial accounts are now required to disclose detailed information about these accounts to the tax authorities. Failure to comply with these reporting obligations can lead to severe penalties.

The Foreign Account Tax Compliance Act (FATCA) requires U.S. taxpayers with foreign financial assets exceeding certain thresholds to report their holdings. Non-compliance with FATCA reporting can result in substantial penalties and increased scrutiny from the tax authorities.

It is essential for businesses to understand their reporting obligations concerning foreign accounts and ensure compliance with the updated regulations. Seeking professional guidance ensures accurate reporting and minimizes the risk of penalties.

Compliance strategies to meet reporting requirements

Complying with the expanded reporting requirements can be complex for businesses. Here are some strategies to ensure compliance:

  1. Maintain accurate and organized records: Businesses should adopt meticulous record-keeping practices to facilitate accurate reporting. This includes documenting financial transactions, cryptocurrency activity, international transactions, and foreign account details.

  2. Utilize software or professional services: Investing in reporting software or engaging professional services specializing in tax compliance can streamline the reporting process. These tools and providers can assist in gathering and organizing relevant data and generating accurate reports.

  3. Seek professional guidance: Consulting with a tax attorney experienced in regulatory compliance can provide peace of mind and ensure accurate reporting. A tax attorney can provide guidance tailored to the business’s specific circumstances, ensuring compliance with reporting obligations.

By implementing these strategies and staying informed about reporting requirements, businesses can successfully meet the expanded reporting obligations and minimize the risk of penalties.

Tax Law Updates

Updates on Tax Audit Procedures

Changes in audit selection criteria

Tax audit procedures have undergone revisions, with changes made to the selection criteria used by tax authorities. These changes aim to enhance the efficiency and effectiveness of audits by targeting high-risk areas and ensuring taxpayer compliance.

Under the updated criteria, tax authorities may focus on specific industries or sectors that are more prone to non-compliance or tax evasion. Factors such as business size, revenue, expense ratios, and industry-specific benchmarks may be considered when selecting taxpayers for audit.

Enhanced focus on high-income individuals and businesses

The updated tax audit procedures also demonstrate an enhanced focus on high-income individuals and businesses. Tax authorities are allocating resources to target taxpayers with higher incomes, aiming to ensure compliance and reduce tax evasion among this group.

High-income individuals and businesses should be prepared for the possibility of a tax audit. By maintaining accurate records, submitting tax returns on time, and complying with tax regulations, these taxpayers can minimize the risk of being selected for an audit.

Navigating an audit and protecting against penalties

Facing a tax audit can be an intimidating process for individuals and businesses. However, with the right approach and guidance, taxpayers can navigate an audit successfully and protect themselves against penalties.

Here are some steps to take when facing a tax audit:

  1. Engage a tax attorney: Seeking the assistance of a knowledgeable tax attorney is crucial when facing a tax audit. A tax attorney can guide individuals and businesses through the audit process, ensuring compliance and protecting against unnecessary penalties.

  2. Review tax returns and supporting documentation: Before the audit, thoroughly review tax returns and supporting documentation. Ensure the accuracy of reported information and gather any additional documentation that may be requested during the audit.

  3. Cooperate with the audit process: Cooperating with the tax authorities during the audit is essential. Be responsive to requests for information and provide requested documentation promptly. Open communication with the auditor can help resolve any issues or discrepancies effectively.

  4. Address identified issues: If the audit identifies discrepancies or potential issues, work with your tax attorney to address them promptly and appropriately. Correcting any errors and taking necessary corrective actions will demonstrate good faith and cooperation.

By approaching a tax audit proactively, engaging a tax attorney, and cooperating with the audit process, individuals and businesses can protect themselves against penalties and navigate the audit successfully.

New Legislation Impacting Estate Tax

Revisions to estate tax exemption limits

New legislation has resulted in revisions to estate tax exemption limits, impacting high-net-worth individuals and their estate planning strategies. The estate tax applies to the transfer of assets upon an individual’s death, and the exemption limit determines the value of assets that can pass to heirs without facing estate tax liabilities.

The recent changes have significantly increased the estate tax exemption limit, providing opportunities for wealthy individuals to implement more efficient estate planning strategies. However, it is essential to understand that these exemption limits may be subject to change in the future, emphasizing the importance of regular review and adjustment of estate plans.

Impact on estate planning strategies

The increase in estate tax exemption limits has altered the landscape of estate planning strategies for high-net-worth individuals. With a higher exemption limit, individuals have more flexibility in their estate planning, allowing for greater wealth preservation and asset transfer to future generations.

Strategies such as gifting, creation of trusts, and charitable planning can be utilized to minimize estate tax liability and ensure the smooth transfer of assets according to the individual’s wishes. However, it is crucial to consult with a qualified estate planning attorney to tailor strategies to specific circumstances and ensure compliance with the updated laws.

Minimizing estate tax through proper planning

Minimizing estate tax liabilities requires careful and strategic planning. Here are some strategies to consider:

  1. Gifting: Utilizing the increased exemption limit, individuals can gift assets during their lifetime to reduce the value of their taxable estate. Understanding the gift tax rules and utilizing annual gift exclusions can effectively transfer wealth while avoiding unnecessary taxes.

  2. Trusts: Establishing trusts, such as revocable living trusts or irrevocable life insurance trusts, allows individuals to control the distribution of assets and reduce the overall taxable estate. Trusts can provide flexibility, protection, and tax advantages for estate planning purposes.

  3. Charitable planning: Implementing charitable planning techniques, such as creating charitable remainder trusts or establishing private foundations, provides tax benefits and allows individuals to support causes close to their hearts while minimizing estate taxes.

  4. Regular review of estate plans: Given the potential for changes in estate tax laws, individuals should regularly review and update their estate plans. This ensures that strategies remain aligned with prevailing laws and maximizes the available opportunities for minimizing estate tax liabilities.

By engaging the services of an experienced estate planning attorney and implementing tailored strategies, high-net-worth individuals can minimize their estate tax liabilities and protect their assets for future generations.

Updates to Business Taxation

Changes in corporate tax rates

Business taxation has undergone changes, primarily directed at corporate tax rates. The revised corporate tax rates aim to stimulate economic growth while ensuring a fair distribution of tax obligations.

The recent changes have resulted in a reduction in the corporate tax rate, providing businesses with a lower tax burden. This reduction allows businesses to allocate more resources towards investments, expansion, and job creation, contributing to economic growth and development.

Modifications to eligibility for business tax deductions

Business tax deductions have also undergone modifications, impacting the eligibility criteria for certain deductions. The changes aim to promote certain business activities and investments while ensuring that tax deductions are directed towards priority areas.

For example, businesses engaged in research and development activities may qualify for enhanced deductions. Additionally, deductions for qualified business expenses related to employee training, environmentally friendly practices, and expansion into underdeveloped areas may be available.

It is essential for businesses to stay informed about the updated eligibility criteria for tax deductions and incorporate these deductions into their tax planning strategies.

Strategies to reduce business tax burden

Reducing the business tax burden requires a strategic approach and careful tax planning. Here are some strategies to consider:

  1. Take advantage of available deductions: Thoroughly understand the updated eligibility criteria for business tax deductions. Identify opportunities to qualify for deductions related to research and development, employee training, energy-efficient investments, and other eligible expenses.

  2. Structure business transactions efficiently: Properly structuring business transactions can have significant tax implications. Consult with a tax attorney to ensure transactions are executed in a tax-efficient manner, taking advantage of applicable deductions or credits.

  3. Explore tax credits: In addition to deductions, businesses should explore available tax credits. Tax credits directly reduce tax liability, providing substantial savings. Look into credits for hiring certain types of employees, investing in alternative energy sources, or engaging in other qualified activities.

  4. Optimize depreciation deductions: Understanding depreciation rules can result in valuable deductions. Identify opportunities to accelerate or maximize depreciation deductions by appropriately classifying assets and using available depreciation methods.

By implementing these strategies and consulting with a tax attorney, businesses can effectively reduce their tax burden and allocate resources toward growth and development.

Tax Implications of Remote Workforce

New rules for taxation of remote workers

With the increasing adoption of remote work arrangements, new rules have been established to address the tax implications of remote workers. These rules ensure that individuals working remotely across different jurisdictions fulfill their tax obligations appropriately.

The tax implications for remote workers can vary depending on factors such as the duration and location of remote work, state and local tax laws, and any applicable tax treaties. It is crucial for both employers and employees to understand these considerations to ensure compliance with tax regulations.

Compliance considerations for businesses with remote employees

Businesses with remote employees need to carefully navigate the compliance considerations associated with the tax implications of remote work. Here are some key points to consider:

  1. Employee residency and nexus: Remote work across state lines may establish tax nexus for businesses in certain jurisdictions. It is important for businesses to understand the rules and requirements for tax nexus to determine potential tax filing obligations.

  2. State and local income tax withholding: Employers may be required to withhold income taxes based on the employee’s remote work location. Familiarize yourself with state and local withholding rules and adjust payroll processes accordingly.

  3. Documentation and record-keeping: Maintain accurate records of employees’ remote work locations, corresponding workdays, and relevant tax information. This documentation will be essential for tax reporting and compliance purposes.

  4. Tax treaties and reciprocity agreements: For employees working remotely across international borders, tax treaties and reciprocity agreements may dictate tax obligations. Understand the applicable agreements and ensure compliance with the relevant provisions.

By staying informed about the tax implications of remote work, businesses can ensure compliance with tax regulations and minimize the risk of unexpected tax liabilities.

Mitigating potential tax challenges of remote work

While remote work can present certain tax challenges, there are strategies to mitigate these challenges effectively. Here are a few approaches to consider:

  1. State and local tax planning: Consult with a tax attorney to strategically plan the allocation of income and tax liability across different jurisdictions. Proper planning can help optimize tax outcomes for both businesses and remote workers.

  2. Tax equalization agreements: For employees working internationally, tax equalization agreements can help mitigate potential double taxation and provide certainty regarding tax liabilities. These agreements ensure that employees are not adversely affected by differences in tax rates and regulations.

  3. Employee education and resources: Provide remote employees with guidance and resources regarding their tax obligations. Educating employees on potential tax challenges will help them navigate the requirements and fulfill their tax responsibilities accurately.

  4. Ongoing compliance monitoring: Employers should establish processes to monitor compliance with tax regulations for remote employees. This can include periodic reviews of employee work locations, tax withholding calculations, and staying updated on changing tax laws.

Through proactive tax planning, employee education, and ongoing compliance monitoring, businesses can effectively mitigate potential tax challenges associated with remote work arrangements.

Tax Law Updates

Legislative Changes Affecting International Tax

Updates on global tax agreements and treaties

Legislative changes have impacted international tax regulations, with updates to global tax agreements and treaties. These changes aim to address cross-border tax challenges, improve transparency, and prevent tax evasion.

International tax treaties govern the tax treatment of cross-border transactions and activities, ensuring consistent taxation across jurisdictions. Recent updates to these treaties reflect the evolving global tax landscape and aim to foster cooperation among countries.

Additionally, global tax agreements, such as the Base Erosion and Profit Shifting (BEPS) initiative, help combat tax avoidance and promote fair taxation of multinational corporations. These agreements introduce measures to prevent profit shifting and ensure that businesses pay their fair share of taxes in each jurisdiction in which they operate.

Implications for multinational corporations

Multinational corporations need to closely monitor the updates to global tax agreements and treaties, as these changes have significant implications for their tax planning and compliance strategies.

The revised tax regulations may result in changes to the taxation of profits, transfer pricing rules, and the allocation of income among different jurisdictions. Multinational corporations must adapt their tax planning strategies to align with the updated regulations, ensuring compliance and mitigating the risk of penalties.

Moreover, these updates emphasize the importance of transparency and accurate reporting of financial information for multinational corporations. Enhanced reporting requirements may be introduced to provide tax authorities with greater visibility into cross-border transactions and the allocation of profits.

Strategies to optimize international tax planning

To optimize international tax planning, multinational corporations should consider the following strategies:

  1. Careful analysis of tax treaties: Review and analyze the provisions of tax treaties applicable to the business’s operations. Identify opportunities to minimize tax liabilities and plan cross-border transactions accordingly.

  2. Transfer pricing compliance: Review and ensure compliance with transfer pricing rules to prevent tax authorities from challenging the pricing of cross-border transactions. Proper documentation and supporting evidence are essential to demonstrate arm’s length transactions.

  3. Cross-border financing structures: Analyze the financing structures employed by the business to minimize overall tax liabilities. Strategic use of debt, equity, and intercompany transactions can help achieve tax efficiency.

  4. Compliance with reporting requirements: Stay updated on reporting requirements introduced by global tax agreements. Maintain accurate and comprehensive records to facilitate compliance and minimize the risk of penalties.

By implementing these strategies and seeking guidance from tax professionals experienced in international taxation, multinational corporations can optimize their tax planning, ensure compliance, and effectively navigate the evolving global tax landscape.

Recent Developments in Charitable Contributions

Changes in tax benefits for charitable donations

Recent developments have brought changes to the tax benefits associated with charitable donations, impacting both individual and corporate donors. These changes aim to encourage philanthropy and support charitable organizations while providing tax advantages for donors.

One significant change is the introduction of an enhanced charitable deduction for cash donations made by individuals. Under the new regulations, individuals can deduct up to 100% of their adjusted gross income for cash donations to qualified charities, subject to certain limitations. This change provides increased incentives for individuals to donate and support charitable causes.

Additionally, corporate donors can also benefit from revised tax benefits. The limit on deductible charitable contributions for corporations has been increased, allowing businesses to contribute more significant amounts while enjoying the associated tax advantages.

Incentives for corporate philanthropy

In line with the tax benefits for charitable donations, recent developments have introduced incentives for corporate philanthropy. These incentives are aimed at encouraging businesses to contribute to charitable causes and engage in corporate social responsibility.

One example is the introduction of a new tax credit for businesses making eligible contributions to certain types of charitable organizations. This credit provides a dollar-for-dollar reduction in tax liability, further incentivizing corporate philanthropy.

Additionally, businesses may benefit from increased visibility and positive brand reputation through engaging in philanthropic endeavors. Consumers and stakeholders increasingly value businesses that contribute to the community, which can lead to increased customer loyalty and positive public perception.

Structuring charitable contributions for maximum impact

When making charitable contributions, individuals and businesses should consider the following strategies to maximize the impact of their donations:

  1. Research and due diligence: Before donating, carefully research and evaluate charitable organizations to ensure that their missions align with your values and philanthropic goals. Consider factors such as transparency, effectiveness, and overhead expenses.

  2. Donor-advised funds: Donor-advised funds provide individuals and businesses with flexibility and control over their charitable giving. These funds allow donors to make contributions to a fund and recommend grants to specific charities over time.

  3. In-kind contributions: Consider making in-kind contributions of goods or services instead of cash. This can provide tangible benefits to charitable organizations while potentially offering tax advantages for the donor.

  4. Planned giving: Explore options for planned giving, such as charitable trusts or bequests in a will. These strategies allow for long-term charitable impact while potentially providing tax advantages and estate planning benefits.

By implementing these strategies and working with experienced tax and legal professionals, individuals and businesses can maximize the impact of their charitable contributions while optimizing the associated tax benefits.


  1. Can I still deduct charitable donations on my income tax return?

    • Yes, you can still deduct charitable donations on your income tax return. Recent changes have increased the limits and incentives for charitable giving, allowing individuals to deduct more significant amounts of cash donations.
  2. Are there any tax advantages for businesses donating to charitable causes?

    • Yes, recent developments have introduced increased tax benefits for businesses donating to charitable causes. The limitations on deductible charitable contributions for corporations have been expanded, providing opportunities for businesses to contribute more significant amounts and enjoy associated tax advantages.
  3. What is the purpose of the enhanced deduction for cash donations by individuals?

    • The enhanced deduction for cash donations by individuals aims to encourage philanthropy and support charitable organizations. With the increased limit, individuals can deduct up to 100% of their adjusted gross income for cash donations, subject to certain limitations, further incentivizing charitable giving.
  4. Are there any tax credits available for businesses engaging in corporate philanthropy?

    • Yes, recent developments have introduced a new tax credit for businesses making eligible contributions to certain types of charitable organizations. This tax credit provides a dollar-for-dollar reduction in tax liability, further incentivizing corporate philanthropy.
  5. How can I ensure that my charitable contributions have the maximum impact?

    • To ensure maximum impact, conduct research and due diligence on charitable organizations before making donations. Consider donor-advised funds for greater flexibility and control over charitable giving. Explore options for in-kind contributions and planned giving to provide tangible benefits and long-term impact. Working with experienced tax and legal professionals can help optimize the benefits and effectiveness of charitable contributions.

Check out the Tax Law Updates here.