Blog
Blog Entries - 2024
NEW BUSINESS REPORTING REQUIRMENT
August 23, 2024
MANDATORY NEW BUSINESS COMPLIANCE REPORTING In 2021, the Corporate Transparency Act (“CTA”) was enacted. The CTA created new requirements for certain entities to report to the
Connelly v. United States
July 25, 2024
CONNELLY v INTERNAL REVENUE SERVICE Michael and Thomas Connelly were the sole shareholders in Crown C Supply, a small building supply corporation. The brothers entered into an agreement to ensure that Crown
Estate Tax Reduction Looming
April 29, 2024
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ESTATE TAX REDUCTION LOOMING ($13.6 Million back to about $6 Million in 2026) As of January 1, 2026, the current lifetime estate and gift tax exemptions will sunset and revert back to