IRS Notice 2026‑16 gives taxpayers the interim guidance to understand how to claim a special depreciation allowance for certain production related real property.
Read MoreRecent IRS guidance on eligibility of 100% bonus depreciation under the OBBBA proves eligibility for full expensing in 2025 and even 2026 is subject to critical timing requirements.
Read MoreThe California Franchise Tax Board has new rules for market-based sourcing for sales of items other than tangible personal property, for tax years 2026 tax years and later.
Read MoreNew York recently issued guidance removing the reporting requirement for LLCs formed in New York. Learn about the changes and new requirements.
Read MoreThe ruling in Sirius Solutions LLLP v. Commissioner could result in significant tax savings for service partnerships, fund managers and professional firms operating through limited partnerships.
Read MorePrivate companies must implement ASU 2023-09 beginning with financial statements for the 2026 year. Know the potential impact on your business.
Read MoreOn December 19, 2025, the Commodity Futures Trading Commission issued “no-action” guidance that may provide an attractive option for eligible Registered Investment Advisers.
Read MoreWhile bonus depreciation and Section 179 expense may seem interchangeable after the OBBBA, be aware of an important difference in how each provision impacts allowed interest expense under Sec. 163(j).
Read MoreAs 2025 draws to a close, REITs and real estate funds face a critical window for tax planning, compliance and strategic decision making. Optimize your year-end actions and prepare for 2026.
Read MoreFind out which tax items are important for private equity funds to consider for year-end tax planning and beyond.
Read MoreExplore the eligibility of Sec. 743(b) for bonus depreciation, the regulatory framework permitting its limited usage and practical considerations.
Read MoreLearn about FEOC requirements, Beginning of Construction (BOC) thresholds, and tax considerations for alternative financing and investing structures.
Read MoreCharitable remainder trusts and charitable lead trusts are two options that can help you achieve your goals while still allowing you to take the related income tax deduction.
Read MoreLearn more about key provisions in the GENIUS Act and on which particular items the Treasury is seeking comments.
Read MoreMany are disappointed in the “sleepy” volume of market transactions in 2025, despite early optimism. Will transactions heat up in Q4 and beyond?
Read MoreThis sector is experiencing a rapid evolution in complexity and opportunities, with certain key trends topping the list for industry participants.
Read MoreThe purchase of real estate is an exciting step for your business, but there are some key accounting considerations to address to ensure your financial records reflect the true economics of the deal. Properly recording the closing statement in your journal entries is one of them — and it...
Read MoreHonoring our firm’s decades-long tradition, I was fortunate to serve as editor of the 2025 August Tax Clinic edition of the AICPA’s Tax Adviser. Each year we author articles that focus on high-complexity, high-impact areas of the tax code to help clarify these technical topics for the...
Read MoreThe accounting infrastructure you have can make or break your next project. Discover the most common GAAP accounting challenges in renewable energy and how to overcome them.
Read MoreUnderstanding the tax considerations for Real Estate Investment Trust (REIT) roll-ups and initial public offerings (IPOs) is crucial for maximizing investor returns and ensuring regulatory compliance.
Read More