Ideas & Insights

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

State tax cash-flow maximization and risk minimization are available for private equity groups and their portfolio companies.

Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.

Law firms and professional services businesses are experiencing challenges with the COVID-19 pandemic, creating state and local tax issues.

New partnership examination procedures which began in tax year 2018 under the BBA are more complex than previous procedures.

New partnership audit rules create potential conflicts of interest with economic consequences and should be addressed.

When considering this technique to accomplish a tax-free asset distribution, favorable IRS rulings have become more difficult to obtain.

Increasing wages to maximize 20 percent pass-through deduction must be reconciled with reasonable compensation rules.

An S-corporation opting to change to a C-corporation, may need to change certain accounting methods, requiring a section 481(a) adjustment.

Taxpayers taking the new 20 percent deduction for pass-throughs and other non-corps may not reap any benefit for state tax obligations.

Thousands of small and middle-market businesses may see unexpectedly large tax cuts as a result of the Tax Cuts and Jobs Act.

Review legislative changes and other tax concerns that affect 2017 tax compliance and how to plan for 2018. Download our guide.

If you have a partnership or LLC, it’s time to walk through the basic tax and business issues that may arise with the new audit rules.

The IRS concluded in a recent ruling that certain loan terms, so-called ‘bad boy’ provisions, may impact partners’ ability to deduct losses.

Newly enacted tax rules will change the way partnerships are audited by the IRS.

Partners claiming a loss from the abandonment of a partnership interest must consider several important tax issues.

Taxpayers should understand the benefits of incorporating prior to a sale to an ESOP, as well as the risks inherent in such a transaction.