Death and taxes may be certainties, but the fate of the estate and gift tax after this election is far from it. Our Wealth Planning Team asks the questions that need asking to help you decide how to plan for the future. How can you cut through the noise and make the right decision?Will the exemptions survive the 2020 elections?Is now the time to act? Read the full advisory here. … [Continue reading] about Crystal Ball Gazing for the Federal Estate and Gift Tax After 2020 – Should I Act Now?
Our International Tax Group elaborates on the final regulations recently issued by the IRS and Treasury on the base erosion and anti-abuse tax (BEAT). Key changes from the regulations proposed in 2019Clarification on determining a taxpayer’s … [Continue reading] about The BEAT Goes On and On – New Final BEAT Regulations
Our International Tax Group examines the high-tax exclusion (HTE) in new final regulations under the global intangible low-taxed income (GILTI) regime and the potentially precarious side effects U.S. shareholders face in choosing whether to apply the … [Continue reading] about Treasury’s High Wire Act – Final and Proposed Regulations on CFC High-Tax Exceptions
Holders of tax-deferred retirement assets must weigh and balance significant owner-facing risks against a clear set of state-facing compliance requirements and risks. In this installment of “UP Ahead” for Tax Notes State, unclaimed property partners … [Continue reading] about Challenges With Escheatment of Tax-Deferred Retirement Assets, Part 2
Take a trip down memory lane as our Federal Tax Group leads you through past IRS ruling guidelines still in effect. Rev. Proc. 2020-1 is a good reference for effective ruling guidelinesEven old ruling guidelines can apply to a “significant … [Continue reading] about Don’t Forget Ruling Guidelines