Read on for this week's new and noteworthy tax highlights, straight from our advisors:
IRS Enforcement Team, Resources Growing – Partnerships in the Crosshairs
The IRS is stepping up their examination of LLC members and underreporting of self-employment tax.
SECURE Act 2.0: Is More Flexible Retirement Planning Coming?
The possible enactment of the SECURE Act 2.0, which would provide additional retirement plan benefits and features from the provisions of the original SECURE Act, may be just that.
When All Else Fails, Start a Fund: Digital Asset Offshore Feeders - Select Tax Considerations
Despite the uncertainty in the financial world over the past 18 months, 2020 and 2021 have been exciting years for digital asset investment funds.