News & Analysis as of

Pass-Through Entities Reporting Requirements

Foodman CPAs & Advisors

U.S. Tax Reform 2025: Closing Compliance Gaps in Offshore Trusts and Cross-Border Structures

The July 4 U.S. tax legislation expands reporting obligations for foreign trusts and pass-through entities while locking in key provisions from the 2017 reform. For attorneys and advisors to high-net-worth individuals, this...more

Bradley Arant Boult Cummings LLP

Congress Passes Corporate Transparency Act Requiring Certain Companies to Report Beneficial Ownership Information

On December 11, 2020, the U.S. Congress passed legislation requiring certain privately held companies in the U.S. to report ownership information to the U.S. Department of the Treasury’s Financial Crimes Enforcement Network...more

White & Case LLP

Overview of the Carried Interest Rules and the Proposed Regulations

White & Case LLP on

On July 31, 2020, the U.S. Internal Revenue Service (the "IRS") and the U.S. Treasury Department ("Treasury") issued proposed regulations (the "Proposed Regulations") that provide taxpayers with definitional and computational...more

White and Williams LLP

Delaware Seeks to Incentivize Start-Up Technology Companies to Headquarter in the First State

White and Williams LLP on

The State of Delaware has long been an attractive home for businesses. A stable political system, accomplished judiciary and tested business laws combine for a business-friendly environment. Intending to build on this...more

Sullivan & Worcester

Employment & Benefits News and Developments

Sullivan & Worcester on

NEW TAX LAW MAKES CHANGES TO COMMUTING BENEFITS - ...The Tax Cuts and Jobs Act of 2017 (“TCJA”) generally eliminates employer deductions for commuter transportation and parking fringe benefits. This includes deductions...more

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