Supreme Court Determines Trust Is Not Subject To North Carolina Income Tax

   June 25, 2019

In a much anticipated decision, the US Supreme Court ruled in N.C. Department of Revenue v The Kimberley Rice Kaestner […]

Not-for-Profit Alert: Internal Revenue Service Issues Final Regulations on Charitable Contributions and State and Local Tax Deduction Limit Workarounds

   June 19, 2019

The Internal Revenue Service (IRS) has finalized federal regulations regarding charitable contribution deductions where the taxpayer receives a related state […]

Updated Qualified Opportunity Zone Guidance Released by Treasury

   May 16, 2019

The Internal Revenue Service (IRS) and US Department of the Treasury (Treasury) recently issued a second set of proposed regulations […]

New Form 5471 – More Comprehensive, Burdensome and Time Consuming

   March 26, 2019

The Internal Revenue Service (IRS) has substantially revised Form 5471, “Information Return of U.S. Persons with Respect to Certain Foreign […]