United States
Employees working remotely due to the COVID-19 pandemic may result in income tax consequences to both the employee and the employer.
Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.
A look at allocation platform software and tiering technology platform software comparison: PartnerSight vs. the others
The entity-level tax election is effective for tax years beginning on or after Jan. 1, 2021 and ending before Jan. 1, 2026.
Issues to consider when incorporating a partnership to benefit from the qualified small business stock exclusion
The IRS has recently released new draft instructions for schedules K-2 and K-3 for international tax reporting purposes.
Partnerships making certain narrow, and specified changes, may not need to file administrative adjustment requests.
The newly enacted optional tax may provide significant opportunity to taxpayers, and in particular, owners of financial service firms.
Budget bill increases personal and corporate tax rates, enacts a SALT deduction workaround and makes other changes to the tax code.
Bill would treat carried interest as ordinary income and subject to it to self-employment tax, regardless of the holding period.
Tax technology tools are always changing. Innovation can’t outpace you if you’re prepared with the right data and the right team.
Effective Jan. 1, 2021, the long-standing terminating business gain exclusion for unincorporated business tax purposes is eliminated.
LB&I’s compliance campaign focuses on taxpayer reporting of purchase price allocations in taxable asset acquisitions.
In this short video, we bring you up to date on the final carried interest regulations and give guidance on actions fund managers may take.
Final regulations address self-charged interest and trading partnerships, but reserve on tiered partnerships and other items.
New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.
In lieu of an in depth analysis, partnerships may utilize one of three ‘snapshot’ methods to comply with tax capital reporting requirements.
Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.
This Alert summarizes impacts of the recently-issued interest deduction limitation guidance on the real estate industry.