Recent Articles
๐งพ IRS Simplifies Corporate Minimum Tax Rules for 2025
๐ข Interim Guidance Aims to Cut Compliance Costs Issued via IRS Notice 2025-27 on June 2, 2025 ๐ข What is the CAMT? ๐ผ Corporate Alternative Minimum Tax (“Book Minimum Tax”) ๐ Purpose: To ensure large, profitable corporations pay at least...
๐งพ Hidden in Plain Sight: A New Federal Proposal Could Shield Businesses from State Taxes
A Strategic Look at the Houseโs โBig Beautiful Billโ and Its Impact on State Income Tax Rules ๐๏ธ As advanced to the U.S. Senate on May 22 | ๐ Public Understanding Edition ๐ The Big Picture A quietly placed provision...
โ๏ธ Case Summary: Tax Court Rules “Limited Partners” Were Actually Active Self Employment Tax Applies
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Case Date: May 28, 2025๐ Case: Soroban Capital Partners LP, TC Memo 2025-52๐๏ธ Court: U.S. Tax Court ๐ Background at a Glance ๐งพ Entity Involved:Soroban Capital Partners LP, a Delaware registered limited partnership (LLC structure), based in New York....
๐ “Big Beautiful” Tax Bill: What It Means for Payroll, Benefits & Taxpayers
A Guide for Businesses, Workers, and Tax Professionals ๐๏ธ Passed by House Ways and Means Committee โ May 14, 2025 The latest House tax reconciliation bill introduces a wide range of reforms impacting payroll, employee benefits, and tax planning. From...
๐๏ธ House Tax Reform Bill: What Businesses Need to Know
A Guide for the Business Community and the General Public ๐ Summary: Tax experts have reviewed the House Ways and Means Committeeโs tax reform bill. The legislation brings important changes (and some missed opportunities) for manufacturers and business taxpayers. ๐ง...
SALT Deduction Cap Proposal: What the Business Community & General Public Need to Know
Durable Power of Attorney vs. Form 2848 Issued by IRS | May 2025 | Issue Number: 2025-5 ๐ Why This Matters Most people know about Form 2848, the IRS form used to appoint someone to represent them in tax matters....