Since the Internal Revenue Service (IRS) has received its supplemental funding under the Inflation Reduction Act, the IRS has continuously focused on high-income earners, partnerships, and large corporations. Under its most...more
Certain limited partners in venture capital and private equity will likely see an increase in their tax liability due to a recent U.S. Tax Court decision. Generally, partners in a partnership and members in a limited...more
12/8/2023
/ Business Entities ,
Exclusions ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
Limited Partnerships ,
Partnerships ,
Self Employed ,
Self-Employment Tax ,
Tax Court ,
Tax Exemptions ,
Tax Planning
The Internal Revenue Service (IRS) recently announced a renewed effort to ensure compliance with federal tax law, specifically focusing on high-income earners, partnerships, and large corporations. This additional scrutiny...more
9/28/2023
/ Artificial Intelligence ,
Audits ,
Compliance ,
Crypto Exchanges ,
Cryptocurrency ,
Disclosure Requirements ,
Documentation ,
Foreign Bank Accounts ,
Inflation Reduction Act (IRA) ,
IRS ,
New Regulations ,
Partnerships ,
Publicly-Traded Companies