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Posted by William Elwood | Sep 14, 2021 | IRS, Taxation, William Elwood
Recent taxpayer experiences suggest that IRS agents are becoming more aggressive in denying taxpayer claims of research and development tax credits through narrow construction of the so-called “substantially all” test of Code §...
Read MorePosted by William Elwood | Mar 26, 2021 | IRS, Tax, Taxation, William Elwood
At the beginning of, 2021, Congress slipped the so-called Corporate Transparency Act “CTA”), a new business reporting obligation, into the National Defense Authorization Act of 2021. Among other things, the CTA requires every...
Read MorePosted by William Elwood | Aug 17, 2020 | Tax, Taxation
Delaware and several western or mid-western states, including Nevada which has been somewhat of a pioneer in the development of LLC law, have enacted business entity rules pursuant to which an LLC organized in that jurisdiction...
Read MorePosted by William Elwood | Jan 22, 2018 | Tax, Tax Cuts and Jobs Act, William Elwood
The passage of the Tax Cuts and Jobs Act of 2017 (“TC&JA”) has increased the planning importance of so-called “unreimbursed partner expenses” for members of partnerships and LLCs treated as partnership. The Conference...
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