Tag: partnerships

Tax Reform FAQs
Tax Reform FAQs

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” represents…

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IRS Provides Insight for Long-Term Capital Gain Treatment Under Section 1061
IRS Provides Insight for Long-Term Capital Gain Treatment Under Section 1061

On Thursday, March 1, 2018, the Internal Revenue Service (IRS) issued Notice 2018-18 (the “Notice”)…

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Rules Finalized for Partnerships Opting Out of Centralized Audit Regime
Rules Finalized for Partnerships Opting Out of Centralized Audit Regime

The IRS has issued final regulations for partnerships who wish to opt out of the…

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Tax Reform’s Top 10 List
Tax Reform’s Top 10 List

2017’s landmark, $1.5 trillion tax law — commonly referred to as The Tax Cuts and…

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Impact of Tax Reform on Choice of Entity Determinations
Impact of Tax Reform on Choice of Entity Determinations

While the individual and pass-through (e.g., partnerships and S corporation) provisions of the ‘Tax Cuts…

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Treasury Suspends Withholding Requirements on Disposition of Certain Publicly Traded Partnership Interests
Treasury Suspends Withholding Requirements on Disposition of Certain Publicly Traded Partnership Interests

On January 2, 2018, the Department of the Treasury and the Internal Revenue Service (collectively,…

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Update: IRS Proposes Favorable Regulations on Partnership Audit Rules
Update: IRS Proposes Favorable Regulations on Partnership Audit Rules

On December 15, 2017, the IRS proposed regulations that would allow tiered partnerships, such as…

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two businessmen looking at a white board
Impact of Tax Reform on Partnerships and Partners

On Friday, December 22, 2017 President Trump signed sweeping tax reform (the “Act”) into law.…

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money with a graph overlay
Tax Reform and Deduction of Qualified Business Income of Pass-Through Entities

On Friday, December 22, President Trump signed sweeping tax reform (the “Act”) into law. The…

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Corporate Tax Reform: Summary of New Laws Taking Effect
Corporate Tax Reform: Summary of New Laws Taking Effect

Introduced as the Tax Cuts and Jobs Act, the “Act to Provide for Reconciliation Pursuant…

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