On September 13, 2021, the U.S. Ways and Means Committee released draft legislation advancing a number of tax increases and changes. The proposed changes would help to pay for the social and economic policies advanced in the $3.5 trillion budget reconciliation package Congress has been working on, which the Democrats […]
The Closer – M&A, Securities & Corporate Counsel
House Ways & Means Committee Tax Proposal – Estate and Gift Tax
On September 13, 2021, the U.S. Ways and Means Committee released draft legislation advancing a number of tax increases and changes. The proposed changes would help to pay for the social and economic policies advanced in the $3.5 trillion budget reconciliation package Congress has been working on, which the Democrats […]
House Ways & Means Committee Tax Proposal – Individual Income Tax
On September 13, 2021, the U.S. Ways and Means Committee released draft legislation advancing a number of tax increases and changes. The proposed changes would help to pay for the social and economic policies advanced in the $3.5 trillion budget reconciliation package Congress has been working on, which the Democrats […]
Covid-19 Considerations For Business Owners And Operators
As we all navigate through this new territory, there are certain issues that every business owner and operator may want to consider with respect to its ongoing operations. This article provides a high-level overview of some key issues we are currently addressing with our clients. Force Majeure Clauses Whether a […]
New Audit Rules May Require Action by Partnerships and Multi Member Limited Liability Companies
Last year, new partnership audit rules enacted by Congress went into effect. Starting with tax returns for the 2018 calendar year, partnerships and limited liability companies (“LLCs”) taxed as partnerships will need to provide specific information regarding these new rules on IRS Form 1065. In addition, these new rules are […]