On September 16, 2025, the Internal Revenue Service (IRS) released a final regulation providing guidance on how plan sponsors should implement a requirement under the SECURE 2.0 Act for catch-up ...
LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.
After decades of limiting private letter ruling issues, the IRS has steadily widened its program, providing taxpayers greater certainty.
The IRS’s increased documentation requirements for Sec. 41 claims require taxpayers to specifically identify applicable business components and their costs and why their development is qualified ...