Foundations have established missions that clearly define the ways in which they would like to affect in a positive way the social and environmental challenges facing the world.
The Connecticut 2021 Tax Amnesty Program (Amnesty Program) has been launched. It offers taxpayers the opportunity to pay back taxes with a 75% reduction of interest owed, an elimination of civil penalties, and an elimination of any potential criminal prosecution.
The House of Representatives passed the Infrastructure Investment and Jobs Act (Act) on November 5, 2021.
This edition of Tax Notes contains a summary of the significant tax aspects of the Bill currently before the House of Representatives.
The IRS continually includes the Federal Research Credit in the “Dirty Dozen” annual list of scams and other abusive arrangements.
The IRS Employee Plans Compliance Resolution System (EPCRS) permits retirement plan sponsors to correct certain plan failures so they can continue to provide their employees with retirement benefits on a tax-favored basis.
In today’s ever-changing world, it has become more important than ever for independent schools to become comfortable discussing risk and being proactive about mitigating a variety of circumstances over which they may not have control.