The IRS continues to focus on combating perceived fraudulent claims relating to the COVID-19 pandemic-era Employee Retention Credits (ERCs). On Oct. 19, the IRS announced a special process allowing taxpayers to withdraw...more
State-level pass-through entity tax (PTET) regimes offer structuring opportunities in M&A transactions involving S corporation targets. PTET regimes have been adopted by a growing number of states as a workaround to the...more
The House Ways and Means Committee recently released legislative proposals as part of the “Build Back Better” reconciliation legislation that the committee is currently developing (the Proposed Legislation). The Proposed...more
9/28/2021
/ Acquisitions ,
Closely Held Businesses ,
Corporate Taxes ,
Limited Liability Company (LLC) ,
M&A Brokers ,
Mergers ,
Partnerships ,
Portfolio Companies ,
Private Equity ,
Private Equity Firms ,
Proposed Legislation ,
S-Corporation ,
Tax Rates