In Brief The federal research and development tax credit can be a boon to businesses, but as with any portion of the tax code, the…
Retirement Plans for Employees of LLCs Owned by Tax-Exempt Entities
Implications of the IRS’s Chief Counsel Advice
Taxpayers conduct their operations via a variety of entities, including limited liability companies (LLCs). Even tax-exempt organizations are using the limited liability form to provide…
The IRS’s ruling in Private Letter Ruling (PLR) 201528004 affords employers several key benefits that should be considered when establishing a retiree health reimbursement arrangement…
The Bipartisan Budget Act of 2015 (BBA) replaced the existing rules for auditing large partnerships with a new set of streamlined rules that take effect…
Rules for Tax Deductions On Charitable Contribution
Chief Counsel Advice
It has become common practice for some businesses to advertise that they will donate a certain percentage of their sales proceeds to altruistic causes or…