The Fifth Circuit held that allocations to a partner in a limited partnership qualify for a statutory exception from self-employment tax if the partner has limited liability. Overturning ...
On July 4, 2025, the President signed into law a significant tax-reform package, known as the One Big Beautiful Bill Act. This update describes key provisions of the new law.
On June 16, 2025, the Senate Finance Committee released its version of the tax title of the House-passed One Big Beautiful Bill Act. The Senate text keeps the “revenge tax” provision ...
The House of Representatives passed the One Big Beautiful Bill Act, a much-anticipated suite of proposed tax law changes and revenue offsets, on May 22, 2025. This update describes key pr...
On Monday, President Trump issued a flurry of executive orders on a wide variety of topics, many of which implement changes previewed during his presidential campaign. Three of the execu...
Our client update highlights aspects of the second Trump administration’s announced (or possible) regulatory, legislative and economic priorities, along with the outlook for congression...
The Trump administration is likely to prioritize tax reform, aligning with Trump’s previous stance on the 2017 Tax Cuts and Jobs Act (TCJA), and taxpayers should be attentive to these c...
The Inflation Reduction Act permits state pension plans, tax-exempt organizations and other “applicable entities” that invest in certain renewable energy projects to receive cash paym...
On Tuesday, December 27, 2022, the IRS released a notice that describes proposed regulations that the IRS intends to issue addressing the application of the new corporate alternative mini...
On Tuesday, December 27, the IRS released a notice that describes proposed regulations that the IRS intends to issue addressing the application of the 1% stock repurchase excise tax that ...
