Buyers and sellers have always taken taxes and tax law into account when evaluating a potential transaction. Sellers want to make sure that the proceeds they receive, net of their tax liability, is appropriate for what they think the company is...

While taxpayers continue to adjust to the sweeping tax reform that went into effect with the Tax Cuts and Jobs Act, the IRS continues to work through the policy changes to provide clarity and guidance. One such example involves workers who were...

One of the main goals of tax reform is to encourage reinvestment in U.S. domestic production. This is through several relief provisions in the Act, which both simplify tax accounting methods and open up more tax benefits. While we recently posted...

As part of the sweeping tax reform passed in December of 2017, there were substantial changes to the deductibility of both business meals and entertainment expenses.  The changes for both of these provisions are effective for expenses paid or...

Congress passed a two-year budget deal in the early morning hours on Friday, February 9th.  Buried in this 652-page budget document are extensions of many provisions that expired in 2016. There are a lot of interesting provisions that could prove...

Last November, we examined the potential impact of Tax Reform on Choice of Entity. Since the Tax Cuts and Jobs Act was signed into law on December 22, 2017, taxpayers have been working through the changes to try and understand the impact to...

On November 2, the House released the long-awaited Tax Cuts and Jobs Act. The Act is broad and covers multiple aspects of individual and corporate taxation. The Act, which is not yet law, will likely see some changes before it is finalized. We will...