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Read need-to-know updates, commentary, and analysis on Tax issues written by leading professionals.
Mayer Brown

Amendements adoptés par l’Assemblée nationale en séance publique au 30 octobre 2024 sur le Projet de Loi de Finances pour 2025

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1. RÉSUMÉ - Différents amendements relatifs au Projet de Loi de Finances pour 2025 ont été adoptés en séance publique devant l'Assemblée nationale lors des débats qui se sont tenus entre le 21 octobre 2025 et le 26 octobre...more

Farrell Fritz, P.C.

IRS Announces 2025 Tax Bracket Adjustments

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This week, the Internal Revenue Service (“IRS”) announced its annual inflation adjustments for tax year 2025. ...more

Holland & Knight LLP

IRS Issues Private Ruling That Entity with Zero Gross Income or Assets Can Qualify as a REIT

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In private letter ruling (PLR) 202440007, the taxpayer (Taxpayer REIT) elected to be treated as a real estate investment trust (REIT) for its initial tax year. The Taxpayer REIT was formed as a vehicle to invest indirectly...more

Faegre Drinker Biddle & Reath LLP

Trends in Optional Features Available Under Secure Act 2.0

During our October 30, 2024 webinar, “It’s 2024 and … It’s Decision Time in the Retirement Plan World!” we polled our audience on their interest in adding optional features available under Secure Act 2.0 (discussed in our...more

Faegre Drinker Biddle & Reath LLP

Things I Worry About (2): Automatic Enrollment

SECURE Act 2.0 was enacted on December 29, 2022. Among its provisions is a requirement that “new” 401(k) plans and private sector 403(b) plans must automatically enroll their eligible employees, but not until the first plan...more

McDermott Will & Emery

Post Expo Real and the UK Budget – UK Real Estate to Survive or Thrive in 2025?

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Having taken time to reflect on the mood and sentiment at Expo Real 2024 among clients, contacts, and European real estate partners at McDermott, the general outlook within the Messe could be best described as one of cautious...more

Adler Pollock & Sheehan P.C.

Why You Need a Succession Plan and an Estate Plan

Spoiler alert: In the acclaimed HBO series “Succession,” the patriarch of a family run business, Logan Roy, fails to name a clear successor. After his sudden death, the family is ripped apart. Eventually the business is sold...more

Blank Rome LLP

IRS Announces 2025 Retirement Plan Limits

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The Internal Revenue Service (“IRS”) has announced the following dollar limits applicable to tax-qualified plans for 2025...more

Cozen O'Connor

Cozen Cities - November 6, 2024

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PHILADELPHIA — City Council Moves to Ban AI Rent “Price-Fixing” - The Philadelphia City Council advanced legislation that would empower the City to sue landlords for alleged “price-fixing” of rental rates, particularly...more

Morrison & Foerster LLP

UK’s Carried Interest Tax Hike and More Changes Proposed for Fund Managers in 2026

The Chancellor of the Exchequer, Rachel Reeves, delivered her first Budget Statement on 30 October. The Autumn Budget drew widespread attention, with several measures grabbing the headlines, including the historic fact that...more

BakerHostetler

What Washington is Thinking About This Morning…

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In a nation divided down the middle over politics, and in a handful of states where those divisions are concentrated, Americans narrowly but collectively voted in one direction, returning Donald Trump to the White House....more

Schwabe, Williamson & Wyatt PC

Election Day – OR and WA Statewide Measures: Mixed Tax Results

With more than half of the vote counted in Oregon and Washington, here are the initial results of statewide measures we have been tracking this election cycle. Oregon Measure 118 (Raising Corporate Taxes) – Defeated ...more

Foodman CPAs & Advisors

Tax Year 2025 IRS Inflation Adjustments

On 10/22/24, the IRS released the annual inflation adjustments for tax year 2025 that will impact taxpayers when they file their 2025 returns in 2026. Following are the main items for tax year 2025: Standard Deductions - ...more

Levenfeld Pearlstein, LLC

Practical 1031: What is an Internal Revenue Code Section 1031 Like-Kind Exchange?

Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange” the real estate the...more

ArentFox Schiff

Health Care Provider Loses Tax-Exempt Status in Fifth Circuit Decision

ArentFox Schiff on

On October 28, the US Court of Appeals for the Fifth Circuit held that a nonprofit corporation that coordinates health care for privately insured patients does not qualify for tax exemption under Section 501(c)(4) because it...more

Dechert LLP

2024 Election - Implications on Real Estate - Update

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With President-elect Trump announced as the winner of the 2024 election, the landscape of U.S. policy is poised for potential shifts that could significantly impact various sectors. Stakeholders in the real estate market are...more

BakerHostetler

[Podcast] The Cloakroom with Peter Roskam: 2024 Elections: What Happened and How the New Washington Will Impact Your Company

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Former Republican Congressman Peter Roskam, who leads BakerHostetler’s Federal Policy team, provides listeners with a front-row seat to the most important policy debates in Congress. In this episode of “The Cloakroom with...more

Dechert LLP

2024 Election - Implications on Technology - Update

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Under the Trump administration, the real estate sector will likely face new circumstances defined by deregulation, leadership changes and tax reforms. While reduced compliance costs and regulatory burdens might pose...more

Dechert LLP

2024 Election - Implications on Private Client - Update

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With President-elect Trump announced as the winner of the 2024 election, the landscape of U.S. policy is poised for potential shifts that could significantly impact individuals and families. The Trump administration has...more

Roetzel & Andress

Year-End and Trending Tax Considerations for Health Care Practices

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On the HealthLawHotSpot this week, host Ericka Adler sits down with Roetzel attorney Donna Hartl to explore some crucial year-end tax considerations as well as trending tax issues. Donna and Ericka discuss the importance of...more

Dechert LLP

2024 Election - Implications on Private Equity & Private Credit - Update

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With President-elect Trump announced as the winner of the 2024 election, the private equity and private credit sectors are poised for significant developments. Positive economic trends, such as waning inflation, anticipated...more

Akerman LLP

FinCEN Extends Corporate Transparency Act Reporting Deadlines for Hurricane Victims

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The Financial Crimes Enforcement Network (FinCEN) announced as of October 29, 2024, a six-month extension for certain businesses affected by recent hurricanes to submit their beneficial ownership information (BOI) reports...more

Venable LLP

2025 Dollar Limits on Compensation and Benefits

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The Internal Revenue Service (IRS) has announced 2025 dollar limits on benefits, contributions, and compensation. The Internal Revenue Code (Code) affords tax benefits for employers that sponsor qualified plans and for...more

Groom Law Group, Chartered

The IRS Issues Two Notices Regarding Preventive Care and Medical Care

On October 17, 2024, the IRS issued two Notices: one regarding preventive care services that an HSA-compatible high deductible health plan (“HDHP”) can cover on a pre-deductible basis and another allowing the cost of condoms...more

Kilpatrick

5 Key Takeaways - State Tax Litigation

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Kilpatrick partner Jordan Goodman recently participated in a presentation on state tax litigation at the 31st Annual Paul J. Hartman State and Local Tax Forum in Nashville, Tennessee....more

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