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There is increasing uncertainty about the future of U.S. estate tax. On the one hand, under U.S. legislation that temporarily halved the lifetime exemption amount passed...
Many taxpayers who owe money to the IRS, either as an individual or as a business, feel trapped in a stressful situation without resolution. With the IRS planning to step...
The business press is publishing stories on the new Corporate Transparency Act, which requires new filings and carries penalties. Our nonprofit clients have questions about how the new law affects them.
The issuance of a partnership profits interest is a tax-efficient tool for a partnership (including an LLC or other entity treated as a partnership for tax purposes) to incentivize its employees...
On February 21, the IRS announced a new campaign to increase audits of private jet usage by high-income taxpayers, large corporations, and large partnerships to ensure that business deductions for such usage have been properly made.
Since the beginning of tax time, the key distinction between a partnership and a corporation has been its ability to "pass-through" U.S. federal income tax1 liability to its partners.
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