KEY TAKEAWAYS: A pending U.S. Tax Court case presents an interesting theory to preclude the federal income tax disallowance of all deductions of a marijuana business. The theory rests on a provision in the 2017 Tax Cuts and Jobs Act that permits small taxpayers to use a simplified inventory accounting […]
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Proposed regulations update RMDs for SECURE Act changes
The IRS and Treasury introduced proposed polices Wednesday (REG-105954-20) that would update existing principles for needed minimum distributions (RMDs) from experienced retirement strategies and annuity contracts and related issues, largely to conform with a amount of statutory improvements. The most well known and latest of these alterations had been created […]
2021 Best Firms for Women: Mastering the new balancing act
Flexibility in (and outside) the workplace has become a baseline expectation for many employees since the onset of the COVID-19 pandemic, but the 2021 Best Firms for Women had already been providing an adaptable environment appealing to all staff, but especially their female professionals, for years. The No. 1 Best […]