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State Income Tax Planning Considerations for a Liquidity Event

Withum

The choice of where to establish one’s residency prior to a liquidity event can have far-reaching implications regarding income taxes and personal financial goals. 1202 Trust planning Compensation vs. Sec. Make sure you are considering the type of income when implementing state income tax planning techniques.

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Checklist: Ensure your firm’s success this upcoming tax season

CPA Practice

Document Management software is a valuable solution for the organization as you prepare for tax season. Download the guide to ensure you are ready for next tax season. It finds the documents you need in seconds, and creates a bespoke, secure database for your firm.

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The New Tax Court Limited Partnership Ruling: What to Know

CPA Practice

Tax Court determined that the exception to net earnings from self-employment in Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended, does not automatically apply to all limited partners in a state law limited partnership. Soroban GP challenged this increase in Tax Court. By Julie M. At the end of 2023, the U.S.

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Tax Implementation Guides: Forming a New Entity

CTP

Formulating a tax strategy is just the first step in moving your clients toward tax savings. The best-laid plan will be useless without an implementation strategy. If you use a tax planning software solution like Tru Tax Planner , you will have access to ready-made implementation guides for even complicated tax strategies.

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Demystifying Taxes for Startup Founders: Deadlines You Need to Know

Shay CPA

The beginning of a new calendar year means every business owner needs to put some thought into tax filings. Beyond filing for your own company, you also have fast-approaching responsibilities pertaining to your employee’s taxes and their ability to file. A big change went into effect for your contractors for the 2023 tax year.

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Professionals on the Move – July 2024

CPA Practice

Kowalsky Joins CohnReznick as Government and Public Sector Advisory Principal CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, recently announced that Ted Kowalsky is joining the firm as a Principal in its Government and Public Sector Advisory practice.

Delaware 101
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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.