Despite the recently concluded political elections, taxpayers continue to have uncertainty regarding potential future tax changes. The impact of these elections, the potential sunset of many individual provisions of the Tax Cuts and Jobs Act of 2017 (TCJA) and a more aggressive tax enforcement...
Read MoreAn underlying theme in year-end tax planning for high-net-worth individuals last year was planning around the impending sunset of the 2017 Tax Cuts and Jobs Act (TCJA). That theme continues this year, albeit with even more uncertainty. The election of former President Donald Trump along with a...
Read MoreArtificial Intelligence (AI) is like that shiny new gadget we can't wait to get our hands on. It's exciting, it's transformative — a true game-changer. However, much like any powerful tool, behind AI’s luster there are challenges. And for responsible companies, being aware...
Read MoreArtificial intelligence — are there any two words that evoke more excitement and fear in today’s business environment? Experts predict artificial intelligence (AI) will either be the most transformative technology in the history of mankind or will lead to our demise. Ultimately, the...
Read MoreWhether this is your first fund, or this is your first private fund exclusively invested in real estate, your investors will want relevant information when it comes to the fund’s value. However, historical reporting methods, such as accounting principles generally accepted in the United...
Read MoreYou don’t often hear the phrase “you can never have too much of a good thing” when talking about tax-related announcements. However, recent revenue rulings from the IRS provide a positive outcome to the managed futures industry — and particularly to Commodity Trading...
Read MoreOn April 25, 2024, the Treasury Department released final regulations under Internal Revenue Code Section 6418, providing clarity regarding the transfer and sale of certain tax credits by, or on behalf of, a Real Estate Investment Trust (REIT). The overview below illustrates how these...
Read MoreIt was my pleasure to serve as editor of this year’s AICPA Tax Adviser August Tax Clinic, a special section our firm has been honored to oversee and contribute to for decades under my colleague Tony Bakale.With the passing of this torch, I was excited to be entrusted with delivering...
Read MorePosted by Laura Sefcik and Gary DunnWhat are your priorities when it comes to passing on your wealth and property from one generation to the next? One key consideration for most individuals is the desire to avoid probate. Probate is the legal process of administering and accounting for assets of...
Read MoreIf you’re one of many companies due to file their beneficial ownership information (BOI) reports by January 1, 2025, you might be wondering, “When do I really need to start this process?” Similar to other regulatory reporting requirements, it’s always best start data...
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