Insights

Were you or your loved ones impacted by the Los Angeles fires? The tax consequences associated with the lost property depend on whether or not the property was insured or, or the loss is compensated otherwise.

This guide provides a detailed breakdown of Schedule B of Form 1065, answering each question and explaining the related tax concepts.

Learn about U.S. tax strategies like stepped-up basis for inherited assets, tax-deferred annuity interest, tax-free life insurance death benefits, and tax-loss harvesting.

U.S. tax law is complex. This publication talks about a specific part of it referred to as case law or, using a related term, common law.

Real options represent the application of option-pricing models to the valuation of strategic investment opportunities where future decisions can be made contingent on the resolution of uncertainty.

Exempt offerings are transactions involving the sale of securities that are not required to be registered with the Securities and Exchange Commission (SEC) under the Securities Act of 1933.

Partnerships must file Form 1065, U.S. Return of Partnership Income. Form 1065 requires substantial information, including income, deductions, gains, losses, and specific schedules.

Many founders ask the question about the preferred legal form their business should have. Selection of the appropriate legal status depends on a number of considerations.

To qualify as startup or organization costs and, thus, be subject to specific IRS rules, the costs must satisfy certain requirements.