The Senate Finance Committee recently released its own draft of the “One Big Beautiful Bill Act” (the Bill) previously passed by the House as H.R. 1. Both the House and Senate versions of the Bill impose restrictions on...more
6/25/2025
/ China ,
Energy Projects ,
Enforcement Actions ,
Foreign Entities ,
Inflation Reduction Act (IRA) ,
Iran ,
IRS ,
North Korea ,
Popular ,
Prohibited Transactions ,
Proposed Legislation ,
Renewable Energy ,
Risk Management ,
Russia ,
Senate Finance Committee ,
Supply Chain ,
Tax Credits ,
US Trade Policies ,
Uyghur Forced Labor Prevention Act (UFLPA)
On May 28, 2025, the United States Tax Court held that the limited partners of a limited partnership providing investment management services to various investment funds were not limited partners within the meaning of...more
6/11/2025
/ Appeals ,
Income Taxes ,
Internal Revenue Code (IRC) ,
Investment Funds ,
Investment Management ,
IRS ,
Limited Partnerships ,
Partnerships ,
Self-Employment Tax ,
Statutory Interpretation ,
Tax Court ,
Tax Liability
Whether at 7-11 or at your local grocery chain, functional beverages line the aisles, touting their nutritional and health benefits. The functional beverage industry is becoming big business, but as this industry bubbles up,...more
12/9/2024
/ Beverage Manufacturers ,
Business Taxes ,
C-Corporation ,
Entrepreneurs ,
General-Business ,
Limited Liability Company (LLC) ,
S-Corporation ,
SAFE ,
Shareholders ,
Tax Benefits ,
Tax Cuts and Jobs Act