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Leveraging a Spousal Lifetime Access Trust

Leveraging a Spousal Lifetime Access Trust

The lifetime gift tax exemption is at an all-time high of $11.7 million per individual and $23.4 million per couple but may be reduced in the near future by potential legislation. This video provides an overview of the Spousal Lifetime Access Trust and how it can help couples maximize their lifetime gift tax exemption.
Fifth Circuit ruled IRS improperly assessed underpayment interest

Fifth Circuit ruled IRS improperly assessed underpayment interest

IRS cannot assess underpayment interest where it has continuous use of credit-elect overpayments that exceed a deficiency.
GASB renames the comprehensive annual financial report

GASB renames the comprehensive annual financial report

The GASB has changed the term “comprehensive annual financial report” to “annual comprehensive financial report.”
IRS adds vehicles to section 30D qualified electric vehicle list

IRS adds vehicles to section 30D qualified electric vehicle list

IRS adds 12 new 2022 vehicles eligible for tax credit of up to $7,500, including vehicles manufactured by Hyundai, Kia, Mitsubishi and Ford.
Notice 2021-56 proposes section 501(c)(3) exemption standards for LLCs

Notice 2021-56 proposes section 501(c)(3) exemption standards for LLCs

The IRS recently announced new requirements for LLCs to qualify as exempt organizations under section 501(c)(3).
Board risk assessment: Where’s the focus?

Board risk assessment: Where’s the focus?

Risk. Such a broad topic, but boards are ultimately responsible to investors and others for the all-encompassing task of risk oversight.
Tax changes and M&A: Accelerated deals, sticker shock, finding value

Tax changes and M&A: Accelerated deals, sticker shock, finding value

Proposed tax increases have accelerated deals. Transactions will continue despite any tax changes, just with new pricing considerations.
Compensation or capital gain tax treatment?

Compensation or capital gain tax treatment?

This article details what should be considered to ensure desired tax treatment for employee-shareholders is achieved in a secondary sale.
Tax policy impacts on high-income individuals

Tax policy impacts on high-income individuals

Explore the potential impacts of House-proposed tax changes on wealthy and high-income individuals and strategies to lessen the effects.
SBA Enhances the Economic Injury Disaster Loan Program

SBA Enhances the Economic Injury Disaster Loan Program

The SBA has modified and enhanced the Economic Injury Disaster Loan (EIDL) program to expand both eligibility and program benefits. In this video, we'll quickly cover the changes and how they might help you and your business.
The ripple effect of supply shortages

The ripple effect of supply shortages

Fragile global supply chains are facing another round of port closures, factory shutdowns, production halts and labor shortages.
Child tax credit: Potential game changer for American families

Child tax credit: Potential game changer for American families

One aspect of the American Rescue Plan signed into law in March included an extension of the child tax credit to send aid to families.
Homebuilders, facing material shortage, can’t meet soaring demands

Homebuilders, facing material shortage, can’t meet soaring demands

Even as the housing market leads the U.S. economic recovery, homebuilders are facing new pressures as they try to meet surging demand.
Strategies to help nonprofits address the talent gap

Strategies to help nonprofits address the talent gap

Bridging the nonprofit talent gap requires organizations to find ways to keep their staff members fully engaged.
Ways and Means proposed IRA changes – what to keep an eye on

Ways and Means proposed IRA changes – what to keep an eye on

Several provisions would tighten IRA rules for high-income individuals, and some other changes apply regardless of income level.