Form
2020 Form 1041 K-1 Instructions
For the latest information about developments related to Form 1041 and Schedules A, B, G, J, K-1... more
Blog
What Could Biden’s Proposed Tax Plan Mean for the Hospitality Industry and Its Operators?
With former Vice President Joe Biden now considered to be the President-Elect, there are rumors of... more
Blog
Valuation Issues to Consider When Making Gifts in 2020
We are noticing a decided uptick in gifting before the end of the year as many are anticipating an... more
Blog
What a Democratic Sweep Might Mean for Estate Taxes
If the Democrats end up controlling the House, Senate, and White House, the following estate tax... more
Blog
COVID-19 Distress May Present an Estate Planning Opportunity – Why Now May be the Time to Gift Business Interests
The COVID-19 pandemic has exerted significant downward pressure on the value of many businesses.... more
Blog
AICPA Asks IRS for Blanket 2019 Penalty Relief Due to COVID-19 Pandemic
As the COVID-19 pandemic continues to create unprecedented disruption and economic uncertainty, the... more
Blog
Maryland Expands Pass-through Entity Tax to Circumvent Federal SALT Limitation
Maryland has become the most recent state to adopt a workaround to the federal $10,000 state and... more
Blog
How Will the COVID-19 Crisis Affect the Value of Your Business?
We’ve all witnessed the recent share price volatility in public equities. While there may be some... more
Blog
New IRA Distribution Rule
As we rang in 2020, the Setting Every Community Up for Retirement Enhancement Act of 2019,... more
Blog
New Private Foundation Tax Rate
The new year has brought us the Setting Every Community Up for Retirement Enhancement Act of 2019,... more
Blog
Can I Give a Tax-Free Gift to My Non-U.S. Citizen Spouse?
U.S. citizens married to non-U.S. citizens often want to know how much they can give to their... more
Blog
Starting a Private Foundation
Private foundations are independent legal entities that are typically funded by individuals,... more