The “One Big Beautiful Bill Act” (the “BBB”) was passed by the U.S. House of Representatives on May 22, 2025 (such version, the “House Bill”) as part of the Republican Congress’s reconciliation package. The BBB generally...more
7/3/2025
/ Base Erosion and Anti-Abuse Tax (BEAT) ,
Business Losses ,
Carried Interest ,
Clean Energy ,
Coronavirus/COVID-19 ,
EBITDA ,
Employee Retention ,
Estate Tax ,
Foreign Entities ,
Foreign Tax Credits ,
Gift Tax ,
GILTI tax ,
International Tax Issues ,
Itemized Deductions ,
Modified Adjusted Gross Income ,
New Legislation ,
Opportunity Zones ,
Over-Time ,
Partnerships ,
Pass-Through Entities ,
Popular ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Legislation ,
Tax Rates ,
Tax Reform ,
Taxable Income ,
Tipped Employees ,
Tips ,
Trump Administration ,
U.S. Treasury
The U.S. Department of the Treasury (the “Treasury”) and the Internal Revenue Service (the “IRS”) published final regulations on January 14, 2025 (the “Regulations”) requiring taxpayers and their material advisors to disclose...more
1/23/2025
/ Compliance ,
Disclosure Requirements ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment ,
IRS ,
Partnership Distributions ,
Partnership Interests ,
Penalties ,
Private Funds ,
Reporting Requirements ,
Tax Liability ,
Tax Returns ,
U.S. Treasury