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New Final Regulations and Proposed Regulations on Digital Content and Cloud Transactions

On January 14, 2025, the Department of Treasury and the IRS issued final regulations that clarify how cloud transactions are…

Franchelly Diaz ColonJanuary 20, 2025

Articles Business Tax Tax Services

Reminder: Form 8308 Filing Deadline – January 31, 2025

As a reminder, for applicable transfers, copies of Form 8308, “Report of a Sale or Exchange of Certain Partnership Interests,”…

Jenna McDonoughJanuary 16, 2025

Articles Business Tax Tax Services

1099-K Reporting Requirement Update for 2025

Starting in 2024, third-party settlement organizations (TPSOs) such as Venmo, Etsy, and CashApp were required to issue 1099-K forms to…

Linda FernandezJanuary 15, 2025

Articles Estate and Trust Tax Services

IRS Reduces the Burden of Estate Tax Basis Consistency Reporting

Long awaited relief from the Proposed Regulations issued in 2016 finally arrived in September 2024 via the Final Regulations for…

Christine PronekJanuary 9, 2025

Articles Real Estate Tax Services

IRC § 1031 Like-Kind Exchanges in Pennsylvania

IRC § 1031 Like-Kind Exchanges (1031 Exchange) allows real estate investors to defer capital gains taxes by exchanging investment properties…

Osbert TokuJanuary 8, 2025

Articles Business Tax Tax Services

Beneficial Ownership Reportins on Hold – Again

Yesterday, 12/26/24, a Fifth Circuit panel reinstated the preliminary injunction that prohibits the enforcement of the Corporate Transparency Act (CTA).…

Bill McDevittDecember 27, 2024

Articles Business Tax Tax Services

Beneficial Ownership Reporting Due January 13, 2025

This afternoon, 12/23/2024, the Fifth Circuit Court of Appeals granted a stay, temporarily overturning a lower court's decision to block…

Bill McDevittDecember 23, 2024

Articles Estate and Trust Tax Services

Estate Planning…Now…or Later?

As we approach the end of the year, it is never too early to start planning your gifting for 2025.…

Robert PalentcharDecember 20, 2024

Articles Business Tax Tax Services

Beneficial Ownership Information (BOI) Reporting

The deadline for most reporting companies to file Beneficial Ownership Information (BOI) reports (requirements can be found here) is quickly…

Alan BurdgeNovember 11, 2024

Articles Estate and Trust International Tax

The IRS Halts Automatic Penalties Related to Forms 3520 and 3520-A

What are Forms 3520 and 3520-A? Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain…

Franchelly Diaz ColonNovember 5, 2024

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