Ideas & Insights

From retroactivity to loss of planning techniques, this year we face a unique set of concerns when considering gift and estate planning.

Privately held C corporations may be able to maximize gain exclusions and unlock a lower corporate tax rate through section 1202.

Taxpayers should familiarize with Biden’s plan, remain vigilant for developments and position themselves to act at the appropriate times.

Final carried interest regulations ease rules for capital interest allocations as well as related party transfers.

Learn why the IRS is increasing its scrutiny on high net worth athletes and entertainers, and what can be done before an audit.

The final regulations address the treatment of administration expenses and excess deductions on termination of an estate or trust.

Former Vice President Joe Biden’s tax plan features significant changes. Rates seem likely to rise, even if President Trump wins re-election

Recently issued final section 199A regulations clarify the treatment of suspended losses and provide guidance on certain RIC dividends.

The CARES Act includes beneficial tax relief. Coupled with sophisticated planning, now is the time to revisit your individual tax strategy.

Procedures provide guidance for the retroactive expensing of qualified improvement property and reconsidering of elections.

The five-year carryback rule applies to insurance companies, both life and non-life, although both categories are singled out in the Act.

Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.

CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships

Coronavirus Aid, Relief and Economic Security Act provides liquidity by providing five-year NOL carryback and other help for corporations.

Questions surround new tax legislation in response to COVID-19. RSM’s Tax Policy Now examines extended deadlines, paid leave and cash flow.

Advisor must document amounts used to “investigate” an actual buy or sell – a study may make sense if amounts are substantial.

In early September, Mexico released a proposed tax reform package with significant changes in the country’s international tax regime.

New tax laws and industry trends create planning opportunities for fund owners and management firms in the year ahead.

Favorable estate planning rules in place to 2026 would be less so in 2021 under some Democrats’ proposals. Time to consider the what ifs?

The new Qualified Opportunity Zone regulations answer many questions that favor taxpayers, though some questions remain.