Key Cases on Valuation of Pass-Through Entities: The Later Years
Developments from 2020 to 2023.
Source: wealthmanagement.com
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IRS establishes new pass-through division to tax high earners
The Internal Revenue Service (IRS) is setting up a new division with the billions in new funding it received in the Inflation Reduction Act to go after uncollected taxes sheltered in companies that pass their tax liability through to their individual owners. These kinds of businesses are known as “pass-through entities” and often take the…
Source: yahoo.com
Can a foreign-qualified LLC or corporation change its entity type?
At some point in a business's lifetime, it may make sense to change its legal business structure.
Source: accountingtoday.com
Bloomberg Tax & Accounting Recognizes Federal Authors of The Year
/PRNewswire/ -- Bloomberg Tax & Accounting today announced the recipients of its 2022 author awards for outstanding practitioner contributions in federal...
Source: prnewswire.com
What clients should know about different LLC types
As clients decide on the business entity type that will offer the most advantages — legally and financially — they'll have much to consider.
Source: accountingtoday.com