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The New Tax Court Limited Partnership Ruling: What to Know

CPA Practice

Soroban Capital Partners (“Soroban”) is an investment firm which converted to a limited partnership from an LLC under Delaware Law with Soroban Capital Partners GP LLC (“Soroban GP”) being the general partner. Bradlow is a Partner and Chair of the Tax Practice Group at DarrowEverett LLP , a full-service business law firm.

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Unlocking Tax Benefits: The Power of Incomplete Non-Grantor Trusts in a Post-TCJA World

Withum

The landscape of estate and tax planning has undergone a substantial transformation due to the Tax Cuts and Jobs Act of 2017 (TCJA), which effectively doubled the federal estate exemption to over $11 million (indexed for inflation to $13,610,000 in 2024) and is not scheduled to sunset until the end of the 2025 tax year.

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Going Green for the Green: Federal Tax Incentives for Energy Efficient Building

KROST

While the benefits can be retroactively claimed if missed on previous tax returns, many miss out on the credit or deduction due to the temporary nature of the provisions. The post Going Green for the Green: Federal Tax Incentives for Energy Efficient Building appeared first on KROST.

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Founders – Get Huge Tax Breaks by acting now!

Shay CPA

R&D Tax Credits: Did you know that if your startup conducts R&D activities it can qualify for up to $500,000 in Payroll Tax Credits? The R&D credit application (form 6765) filed with a timely filed tax return can provide your startup with additional runway to either invest back into the company for a key hire.

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A Deeper Dive into the Unintended Consequences of the Proposed Section 1031 Regulations

KROST

Hence, taxpayers in those states will have to report depreciation recapture on their state tax returns and will not be able to take bonus depreciation on the incidental personal property received in the exchange to offset the state tax burden. Federal vs. State. New Provision to the Proposed Regulations.

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Tax Authorities Set an Aggressive Schedule for Global Minimum Tax

ThomsonReuters

The Global Minimum Tax is the latest initiative spinning off of the Base Erosion and Profit Shifting (BEPS) initiative from the Organisation for Economic Co-operation and Development (OECD). Tax leaders need to diligently prepare their department for these changes.”.

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