On May 12, the Republican majority leadership in the House of Representatives released for consideration its tax and spending reconciliation legislation, called the “One Big, Beautiful Bill” (the “Bill”). This major piece of...more
5/19/2025
/ Corporate Taxes ,
Employee Benefits ,
Estate Tax ,
Foreign Derived Intangible Income (FDII) ,
GILTI tax ,
HSA ,
Income Taxes ,
International Tax Issues ,
Nonprofits ,
Proposed Legislation ,
SALT ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Reform ,
Wealth Management
The Massachusetts legislature, overriding Governor Baker’s prior veto, has voted to enact a new elective pass-through entity (“PTE”) tax designed as a way for PTE owners to get out from under the $10,000 cap ($5,000 for...more
On December 22, 2017, President Trump signed into law legislation, known as the Tax Cuts and Jobs Act (“TCJA”), which is the most extensive overhaul of the United States Internal Revenue Code (the “Code”) in 30 years. In...more
4/2/2018
/ Alternative Minimum Tax ,
Charitable Donations ,
Colleges ,
Corporate Taxes ,
Excise Tax ,
Executive Compensation ,
Exempt Organizations ,
Nonprofits ,
Tax Cuts and Jobs Act ,
Trump Administration ,
UBTI ,
Universities