Oct 5, 2021
Family offices affected by income and transfer tax increases on individuals, estates and trusts proposed by House Ways and Means Committee.
Sep 28, 2021
The decision to co-source the tax function is not simple. Answer these 3 questions to uncover a better approach to tax function efficiency.
Sep 27, 2021
The Ways and Means Committee proposed legislation targeting digital assets to increase tax revenue via wash and constructive sales rules.
Sep 23, 2021
Owners and beneficiaries of pass-through entities are generally allowed to take advantage of the section 41 credit for research activity.
Sep 15, 2021
Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
Sep 10, 2021
Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
Aug 30, 2021
Illinois becomes the latest state to adopt a pass-through entity tax as a workaround to the federal SALT deduction limit.
Aug 27, 2021
New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.
Aug 24, 2021
State and local tax implications of the explosive growth in telehealth arising from the global COVID-19 pandemic.
Aug 17, 2021
A discussion on the IRS concern with non-filers and what can be done to mitigate the risk is provided in this article.
Aug 17, 2021
The IRS released guidance allowing automatic accounting method changes for taxpayers to follow the final revenue recognition regulations.
Aug 10, 2021
Revenue Procedure 2021-31 lists depreciation limits for owners of passenger autos placed in service in 2021 and lessees’ income inclusions.
Apr 29, 2021
Biden’s plan to grow the middle class, expand economic growth to all Americans and leave the US more competitive funded with tax changes.
Jan 19, 2021
The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.
Dec 8, 2020
The Texas Workforce Commission announced this week that 2021 unemployment tax rates will not be released until some time in February. Here is a copy of their press release: The Texas Workforce Commission (TWC) is working diligently to keep the 2021 tax rates as low...
Nov 25, 2020
The final regulations broaden the definition of real property compared to the more restrictive definition in the proposed regulations.
Nov 17, 2020
As the end of the year approaches, it is important to consider strategies to lower your tax liabilities for 2020. In this video, we’ll cover ten strategies that may help in reducing your tax bill.
Oct 30, 2020
Does your estate plan include a trust? If so, you should know about an estate planning tool called a Pour-Over Will which helps ensure that all assets are moved into a Trust after an individual’s death.
Oct 22, 2020
In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.
Oct 1, 2020
The final regulations issued by the IRS provide guidance for meal and entertainment deductions under section 274.
Aug 6, 2020
Proposed carried interest regulations are mostly as expected with a few new items and detailed computational rules.