IRS Denies Basis Step-up for Assets of Irrevocable Grantor Trust Not Included in Grantor’s Estate The IRS on March 29 released Rev. Rul. 2023-2, which confirms that the assets of an irrevocable...
ESG: An Opportunity for Nonprofits In the for-profit world (and particularly among SEC-regulated companies), environmental, social and governance (ESG) planning has largely focused on compliance and...
Your Guide to the CHIPS Act Application On February 28, 2023, the U.S. Department of Commerce released the long-awaited Notice of Funding Opportunity (NOFO) for the CHIPS Incentive Program under...
Partner Spotlight: Billy Robinson Billy joined the BE team in 2003 and serves as the firm’s construction practice leader out of the Kingsport, TN office. We interviewed Billy to really get to know...
The Inflation Reduction Act of 2022: New Incentives for your College or University It’s not hard for some of us to think back to the lush green lawns and stately buildings of our college and...
Is that a Lease? A Focus on Nonprofit Lease Considerations under ASC Topic 842 While Accounting Standards Codification (ASC) Topic 842 is applicable to all entities, the adoption of the new leasing...
Lenders Beware: Rising Default Risk Requires a Proactive Approach As last year’s economic mood shifted from mild concern about transitory inflation to fears of a recession, rising interest rates...
Dealerships and Unclaimed Property - What You Need to Know Across the country, states are conducting unclaimed property audits of dealerships. Whether an item may be considered unclaimed property...
Evolving Compliance Reporting, What Financial Institutions Need to Know The regulatory landscape for financial institutions and financial services companies is ever-evolving. Consumer behavior and...
IRS guidance coming regarding the IRA’s Clean Vehicle Credit The Inflation Reduction Act (IRA) extended and expanded the Section 30D Clean Vehicle (CV) Credit, previously known as the Electric...