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Estate planning Q&A: Qualified Personal Residence Trusts Explained

Estate planning Q&A: Qualified Personal Residence Trusts Explained

Reduce estate taxes? Qualified Personal Residence Trusts (QPRT) can be a valuable tool to make a lifetime transfer of your home to your family, still enjoy the home during your life, and potentially reduce your estate taxes.
Partnership tax filing checklist: More data requests, audits and complexity

Partnership tax filing checklist: More data requests, audits and complexity

Partnerships in tax year 2023 face new reporting requirements, detailed information demands and a sharp increase in the IRS' enforcement efforts.
IRS releases guidance on PIN requirement for energy efficiency home improvement credit

IRS releases guidance on PIN requirement for energy efficiency home improvement credit

The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C.
IRS will use AI to help target partnerships and high net worth individuals

IRS will use AI to help target partnerships and high net worth individuals

The IRS announced a sweeping enforcement effort that will engage AI to focus on large partnerships and wealthy individuals.
Rising interest rates put a spotlight on cash management for construction

Rising interest rates put a spotlight on cash management for construction

Rising interest rates put a spotlight on cash management for construction contractors looking to reduce liquidity risk.
IRS releases fact sheet regarding residential energy credits

IRS releases fact sheet regarding residential energy credits

A recent IRS fact sheet explains tax credits for energy efficient home improvements residential energy property.
Schedule K-3 questions and answers to recently released instructions

Schedule K-3 questions and answers to recently released instructions

When Schedule K-3 instructions were released by the IRS, many pass-through entities feared compliance challenges. Here's how it played out.
Lessor accounting under ASC 842

Lessor accounting under ASC 842

Our whitepaper explains contracts within the scope of Topic 842, as well as a lessor's accounting under ASC 842 for its contracts that are (or include) leases.
Opportunity zone investors should consider state and local tax credits

Opportunity zone investors should consider state and local tax credits

Companies may be able to realize additional tax savings through state tax credits and other incentive programs.
Keep your head and your construction business in the cloud

Keep your head and your construction business in the cloud

Technology is serving as a catalyst to reshape the economy and the construction industry is not immune to this digital transformation.