The Internal Revenue Service (IRS) intends to audit hundreds of high net worth individuals and their related entities starting this month. The campaign, announced at a conference by a top IRS division commissioner, will...more
7/15/2020
/ Audits ,
C-Corporation ,
Foreign Assets ,
Gifts ,
High Net-Worth ,
IRS ,
Partnerships ,
Private Foundations ,
S-Corporation ,
Trusts ,
U.S. Treasury ,
Wealth Tax
Certification That Funds Are “Necessary” -
Following recent press and new guidance from the Small Business Administration (SBA), many nonprofit organizations are carefully considering whether borrowing funds under the...more
The recently-enacted Coronavirus Aid, Relief, and Economic Security (CARES) Act expands nonprofits’ access to critical federal loan and grant programs as part of its approximately $2 trillion aid package addressing the...more
Recently, Forbes published an article detailing the ways that large companies, including some of the best-known companies in tech, finance, manufacturing and retail, are forming or joining blockchain consortia or other...more
As you are making your list and checking it twice, you might want to consider whether you want to make any year-end gifts to your favorite charities. If you do, you will be in good company. According to the National...more
The federal government proposed sweeping new tax rules earlier this month that would dramatically affect family businesses, investment partnerships and other entities. These rules, which have been widely reported, would...more
8/17/2016
/ Business Succession ,
Business Valuations ,
Estate Planning ,
Estate Tax ,
Family Businesses ,
Family Limited Partnerships ,
Gift Tax ,
IRS ,
Limited Liability Company (LLC) ,
Limited Liability Partnerships ,
Partnerships ,
Transfer of Assets ,
Transfer of Interest
Washington state approved significant amendments to its Limited Liability Company Act earlier this year that will become effective on January 1, 2016. For many existing LLCs, the amendments will not have a meaningful impact...more
As you are making your list and checking it twice, you might want to consider whether you want to make any year-end gifts to your favorite charities. If you do, you will be in good company. According to the National...more