Tax Reform
IRS Announces Relief For Income Tax Payments And Tax Returns Due On April 15
The US Department of Treasury issued guidance on Wednesday, March 18, 2020 to provide relief to some taxpayers (but not…
Read MoreHardship Withdrawal Plan Amendment Deadline
Plan sponsors now have some concrete direction from the IRS for the deadline to amend pre-approved, qualified retirement plans to…
Read MoreIRS Proposed Regulations Executive Compensation Limitation
The IRS has provided guidance to limit the tax benefits for excessive executive compensation in proposed rules recently issued on…
Read MoreThe SECURE Act: What to Know
The SECURE Act – Important Changes to Retirement Plans: What to Know On December 20, the President signed into law…
Read MoreIRS Position Unclear On Whether Crypto To Crypto Exchanges Before 2018 Qualified For Like-Kind Exchange Treatment
The 2018 Tax Act changed the like-kind exchange rules (IRC Sec. 1031) to narrow their application to exchanges of real…
Read MorePhilly Developers Start Cashing in on Trump Tax Break, as ‘Opportunity Zone’-Funded Projects Advance
With the recent introduction of proposed rules governing the application of “opportunity zones,” developers are better equipped to take advantage…
Read MoreChoice of US Entity for Foreign Companies
Foreign companies (“FC”) wishing to establish a US entity to expand their business activities in the US will need to consider whether to form a corporation (Inc.) or a limited liability company (LLC). Likewise, an FC which wants to invest in an Inc. or an LLC will need to be familiar with certain tax and non-tax aspects of an Inc. and an LLC…
Read MoreUpdated Estate And Gift Tax Exclusions For 2019
The Tax Cuts and Jobs Act of 2017 created sweeping amendments in federal tax legislation, including important modifications to the federal estate and gift tax laws. The impact of the federal estate tax changes on the D.C. and Maryland estate tax systems created a frenzy of local legislation during 2018. As the dust settles on 2018, there is more clarity for estate tax exemptions in 2019.
Read MoreThe Tax Implications of The Tax Cuts and Jobs Act of 2017 on Divorce
The Tax Cuts and Jobs Act (TCJA), P.L.115-97, passed by Congress on December 22, 2017 affected numerous aspects of divorce.…
Read MoreLatest Tax Court Case Delivers Blow To State-Legal Marijuana Businesses On Application Of IRC Section 280e
A decision of the US Tax Court issued on November 29 in Patients Mutual Assistance Collective Corporation (D.B.A. Harborside Health…
Read More
Skip to content