Category: Tax
Disaster Zone Credits Extended for 2020
Employers affected by qualified disasters that occurred during 2020 may be eligible for relief up…
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2020 Form 5500 Not Needed for Retroactively Adopted Retirement Plans
On August 6, 2021, the IRS announced that employers who in 2021 retroactively adopt a…
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Tax Considerations for Investing in Cryptocurrency
This article discusses U.S. federal tax consequences for businesses and individuals that hold or transact…
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How to Realize Tax Savings When Tax Rates Increase
If the Biden Administration’s proposed rate increases are enacted, the timing of income recognition and…
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Proposal Aims to Reduce Unintended Tax Liability for Certain Partnerships
All partnerships are subject to the BBA effective for tax years beginning after December 31,…
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Tax Issues to Consider When Navigating a SPAC Transaction
In addition to understanding the benefits of using a SPAC, it is important that SPAC…
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Estate Tax Planning in 2021: What You Can Do Now
While the gift and estate tax exemption is scheduled to drop to approximately one-half the…
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Will Congress Close the Carried Interest Loophole?
The Carried Interest Fairness Act of 2021 would seek to tax all carried interest allocations…
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The Self-Employment Tax Exemption May be Ending for Some Limited Partners
The recently published Green Book contains details on changes proposed by the Biden Administration that…
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House Ways and Means Committee Releases Initial Tax Proposals
On September 13, 2021, the House Ways and Means Committee released draft legislation that proposes…
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