Will the New Partnership Related Party Basis-Shifting Rules Survive? Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …
Louisiana Constitutional Referendum Would Amend Numerous Tax Provisions Legislation establishing a constitutional referendum, pending voter approval at a statewide election to be held March 29, 2025, has become …
Wary of Their Role in Corporate Transparency Act Filings, CPAs Push for Delayed Implementation With the Corporate Transparency Act’s beneficial ownership information (BOI) reporting deadline fast approaching, some CPAs are hesitant to advise their …
In ‘Dear Stakeholders’ Alert, FASB Trustees Urge Firms to Opine on Private Company Council The FASB’s trustees are pressing for firms to submit comments about the effectiveness of the Private Company Council (PCC), the …