The Tax Cuts and Jobs Act of 2017 amended the law to introduce a new, one-time, mandatory repatriation tax on trillions of dollars of accumulations held abroad by American-controlled foreign entities. The tax is imposed on...more
6/25/2024
/ Constitutional Challenges ,
Controlled Foreign Corporations ,
Corporate Taxes ,
Foreign Corporations ,
International Tax Issues ,
Moore v US ,
SCOTUS ,
Shareholder Litigation ,
Sixteenth Amendment ,
Tax Cuts and Jobs Act ,
Tax Liability
Federal legislation relating to the employee retention tax credit (“ERTC”), passed to alleviate the financial burdens of businesses shut down due to governmental orders during COVID, is discussed in a prior Client Advisory....more
Old Rule -
Except for special rules that apply to public companies, the reasonable compensation of all employees is fully deductible as an ordinary and necessary business expense. Before this year the compensation...more
The new federal tax reform, signed into law by President Trump on December 22, 2017, will change tax liabilities and strategies for many organizations and individuals beginning this year. The following is a summary of key...more
1/25/2018
/ Carried Interest ,
Corporate Taxes ,
Equity Compensation ,
Excise Tax ,
Executive Compensation ,
Health Insurance ,
Pass-Through Entities ,
Retirement Plan ,
Section 409A ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exempt Entities
The proposed federal tax reform now being considered in Congress would make many changes after this year, if passed into law. The following areas are under consideration as of November 27, 2017 for domestic businesses,...more