by hoodlawkc | Business Law
In the United States Court of Appeals for the Fifth Circuit in Sirius Solutions, LLLP; Sirius Solutions GP, LLC; Tax Matters Partner, v. Commissioner, (5th Cir. Jan. 16, 2026), the Fifth Circuit reversed the Tax Court and held that the term “limited partner” as used...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
An important new set of reporting requirements is on the horizon for most business owners, including many people who own rental properties. On September 29, 2022 FinCEN issued final rules with respect to the Corporate Transparency Act, an underreported but impactful...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
1031 Like-kind Exchanges: How the Treasury Revenue Proposals could affect the deferred gain[1] What is the Current Law? When owners of appreciated property that is used in a trade or business or is held for investment decide to exchange such real property for other...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
Small businesses who received Paycheck Protection Program Loans got some good news this week, and may want to hold off on applying for forgiveness for a few weeks due to the stimulus bill signed into law over the weekend creating two important changes to existing PPP...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
Providing Tax-Free Assistance to Employees The holiday season is a time when many employers opt to show their appreciation for their employees. From holiday parties to Christmas bonuses, employers often make discretionary payments to reward a year of hard work or high...
by hoodlawkc | Tax Planning, Business Law, Business Planning, Tax Law
The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was signed into law on March 27, 2020. Among other programs, the CARES Act created the Paycheck Protection Program (“PPP”), which provided loans to enable small and mid-sized business to continue to keep...
