Central Intelligence – January 2021 Issue

It’s easy to stay current with important court rulings and legislative updates that impact our industry by checking out the summaries we provide in our monthly Central Intelligence publication.

In the January 2021 issue:

• Summary of select tax provisions of the Consolidated Appropriations Act 2021
• Democrats take slimmest possible majority in the US Senate
• IRS issues final regulations on $1M deduction limitation for certain employees under TCJA 2017
• IRS Chief Counsel finds no basis for business deduction of premiums paid for “tax insurance” policies

Don’t forget that the last page of this newsletter contains the latest interest rate information applicable to advanced planning concepts.