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Audited financial statements and climate-related risk considerations

Audited financial statements and climate-related risk considerations

The CAQ has issued a publication that describes how accounting and auditing standards apply to climate-related risks.
Using a charitable remainder trust (CRT) to replace the stretch IRA

Using a charitable remainder trust (CRT) to replace the stretch IRA

IRA beneficiaries can now be stuck with a very tax-inefficient asset after the owner’s death. Learn the solution.
IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.
IRS adds certain self-dealing transactions to no-rule list

IRS adds certain self-dealing transactions to no-rule list

The IRS will not issue PLRs on transactions involving a PF’s interest in an LLC that owns a disqualified person’s promissory note.
IRS – Wages for R&D do not include wages for Employee Retention Credit

IRS – Wages for R&D do not include wages for Employee Retention Credit

The IRS revises Form 6765 so in 2021 taxpayers cannot use the same wages to calculate both the R&D credit and the employee retention credit.
Driving security transformation through automation, AI and analytics

Driving security transformation through automation, AI and analytics

Security transformation should be a top priority. Modern security operations use AI-driven automation to reduce manual processes.
Democrats release draft bill to overhaul U.S. international tax rules

Democrats release draft bill to overhaul U.S. international tax rules

Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
Use of trusts for multiple Qualified Small Business Stock exclusions

Use of trusts for multiple Qualified Small Business Stock exclusions

Increasing capital gains rates and low corporate tax rates create opportunity for an exclusion of gain on Qualified Small Business Stock.
IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.
Maximizing tax depreciation deductions for landfill costs

Maximizing tax depreciation deductions for landfill costs

Landfill owners incur numerous costs for the acquisition of land, related preparation, and regulatory approval to fill on that land.
Illinois adopts SALT deduction workaround for pass-through entities

Illinois adopts SALT deduction workaround for pass-through entities

Illinois becomes the latest state to adopt a pass-through entity tax as a workaround to the federal SALT deduction limit.
Deductibility of fruitless IPO or SPAC preparation costs

Deductibility of fruitless IPO or SPAC preparation costs

Companies abandoning plans for IPO or SPAC transactions should consider the deductibility of transaction costs and termination fees.
Appeals court ruling is win for wine exporters

Appeals court ruling is win for wine exporters

Appeals court affirmed U.S. Court of International Trade decision allowing substitution drawback of certain excise taxes and customs duties.
New York issues pass-through tax guidance ahead of filing deadline

New York issues pass-through tax guidance ahead of filing deadline

New guidance and dedicated website provide instruction to taxpayers electing into the pass-through entity tax workaround.
Access management: Adapting for a vanishing enterprise perimeter

Access management: Adapting for a vanishing enterprise perimeter

Access management is evolving as companies move to the cloud. Adaptive access is critical in the changing business landscape.