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On August 11, 2020, final regulations were issued regarding the treatment of payments to charitable entities in return for consideration, finalizing earlier proposed regulations and incorporating other IRS guidance.

The research and development (“R&D”) tax credit has been one of the largest tax benefits available to eligible taxpayers. This article will provide a brief summary of tax reform – especially the CARES Act – and the implications for R&D tax credits.

House representatives have introduced two bills to tackle the tax gap. This article takes a look at the two bills as well as further focus areas for the IRS.

This article gives an overview of the federal budget reconciliation process, a special legislative process created as part of the Congressional Budget Act of 1974 and a procedure for enacting parts of a budget resolution into law, and therefore may play a role in any upcoming tax legislation.

A summary of the changes in the final regulations related to IRC Sec. 864(c)(8), clarifying the treatment of gain or loss on the sale of a foreign partner’s interest in a partnership that has a U.S. trade or business.

IRC Sec. 1202 allows holders of qualified small business stock (QSBS) to exclude between 50% to 100% of capital gains upon the sale of QSBS provided the stock meets a series of criteria.

IRS Treasury Regulation 1.6081-5 provides that the filing due date for a U.S. citizen or resident residing abroad is extended to June 15 instead of April 15.

This article outlines deadline relief provided by the IRS in light of the California wildfires.

A comparison of current tax law and the potential Biden tax plan.

Use EisnerAmper’s Year-End Tax Guide to identify opportunities to minimize tax exposure, accomplish your financial goals and preserve your family’s wealth. This guide includes all major tax law changes through March 11, 2021.

An in-depth discussion of the IRS proposed regulations under IRC Sec. 1061 that recharacterize certain net long-term capital gains of a partner that holds one or more applicable partnership interests as short-term capital gains by applying a three-year holding period instead of a one-year holding period.

A discussion of the IRS’s proposed regulations on the deductibility of meal and entertainment expenses, as related to provisions contained in the Tax Cuts and Jobs Act

Use EisnerAmper’s Year-End Tax Guide as a tool to identify opportunities to minimize tax exposure, accomplish goals, and preserve family wealth. The Guide features coverage all major tax laws in effect as of February 15, 2020.

Our Personal Tax Guide highlights tax planning ideas that may help you minimize your tax liability. Use this guide to identify issues that may impact you, then discuss them with your tax advisor.

Taxpayers have the option of retroactively applying the GILTI high tax exclusion to the taxable years beginning after December 31, 2017 and before July 23, 2020. This articles examines the ‘whys and hows’ of the process.

Part II of this article focuses on issues such as partnerships and self-employment tax, sale of a partnership interest, and reporting of income deferrals under Section 457A.

Effective tax planning can reduce estate taxes, maximize the amount of funds available for retirement, reduce the cost of financing your children's education and assist you in managing your cash flow to help you meet your financial objectives.

The Treasury and IRS have materially turned up the pressure and sharpened their focus on transactions involving small captive insurance companies.

The following is a summary of key highlights of the final regulations, and the related provision of the April 2016 proposed regulations, where relevant.

Partnership audit rules were materially changed in 2015 as part of the Bipartisan Budget Act of 2015 (the "BBA"). The BBA repealed the TEFRA and Electing Large Partnership rules and replaced them with a single set of rules for auditing partnerships