2019 Year-End Tax Planning Preview

Now that the summer has unofficially ended, it’s time to focus on the start of school, cooler days and taxes.

This Alert will preview select year-end tax planning opportunities to stimulate your thinking while providing enough time to effectively execute the most appropriate tax planning strategies for your personal or business situation.

It has now been almost two years (21 months to be exact) since President Trump signed into law the Tax Cuts and Jobs Act (TCJA)葉he largest […]

By | September 20th, 2019 ||

Worth Another Look: Tax Reform Code

Wrapping up by the June 30 deadline with time to spare, the General Assembly sent the Governor all of the legislative pieces necessary for a balanced 2019-2020 state spending plan. This year included all possible “Code bills:” Administrative Code, Fiscal Code, Human Services Code, Public School Code and Tax Code. Below is a summary of this year’s Tax Code, H.B. 262. The bill passed in the House of Representatives by a vote of Y:194/N:3 and […]

By | September 5th, 2019 ||

BBA Tax Audits: Final Deadline For Designating A U.S. Partnership Representative

The U.S. Bipartisan Budget Act of 2015, as amended (BBA), significantly overhauled the audit regime applicable to U.S. and certain non-U.S. investment fund vehicles that are taxed as partnerships for U.S. federal income tax purposes. In general, under pre-existing audit rules, enacted under the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA), adjustments are made in fund level audit proceedings, but flow through to the investors, and any associated tax must also be […]

By | August 18th, 2019 ||