Consider Lump-Sum Payouts Amid Higher Interest Rates Recently, many defined benefit plan sponsors have opted for various de-risking strategies, including buy-outs, buy-ins, and liability-driven...
IRS Clarifies Stock Repurchase Excise Tax Obligations Pending Publication of Regulations Taxpayers will not be required to report or pay the new excise tax on corporate stock repurchases before the...
Massachusetts Enacts Corporate and Individual Tax Changes
IRS Stops Processing New Employee Retention Credit Claims, Urges Employers to Seek Trusted Tax Professionals for Help On September 14, 2023, the IRS published Information Release (IR) 2023-169...
The 2024 Tax Calendar is here! To help you make sure you don’t miss any important 2024 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due....
Get Ahead of the 2023 Tax Season As we say hello to 2024, we want to provide you with some important reminders for the upcoming preparation of your 2023 business tax return.
Healthcare Under Pressure: Financial Risk Factors and Steps for Mitigating Them The healthcare industry is facing serious financial risk. While many organizations were already struggling under...
The IRS unveils ERTC relief program for employers Since July 2023, the IRS has taken a series of actions in response to what it has termed a “flood of ineligible claims” for the Employee Retention...
There’s a new threshold for electronically filing information returns Does your business file 10 or more information returns with the IRS? If so, you must now file them electronically. This is a...
Entity’s Debt Is Not Modified Upon Conversion to Corporation, IRS Rules In a recent private letter ruling (PLR 202337007), the IRS ruled that a taxpayer’s proposed transaction that would convert a...