Tax treatment and planning opportunities for business leases of real property and tangible personal property depend on whether the taxpayer is the lessee or lessor. Lease provisions can significantly affect timing, character, basis, depreciation, and documentation requirements. Key federal tax issues include sale-versus-lease characterization, Sec. 467 rent timing, lessee deductions and capitalization, and lessor income and depreciation considerations.

Andersen Global strengthens its presence through a Collaboration Agreement with Lohr and Company (L+C), a senior-led tax advisory platform, providing practical, responsive solutions in tax compliance, cross-border tax, global mobility, and transfer pricing.

For both the seller and the purchaser, Value-Added Tax (VAT) issues should be considered in M&A transactions involving businesses with international activities, whether by means of shares or assets. Similarly, companies preparing for an Initial Public Offering (IPO) should consider VAT. Though equally important for both the seller and the buyer is being prepared for a post-transaction environment to avoid any disruption in the new and legacy business structure of the buyer and seller, respectively.

Most countries outside the United States impose a Value Added Tax (VAT), also called Goods and Services Tax (GST) or Consumption Tax (CT). The complex nature of the pharmaceutical industry creates unique challenges to meeting global VAT compliance obligations and identifying potential refund opportunities.

Nearly all countries outside the United States impose a Value Added Tax (VAT), also called Goods and Services Tax (GST) or Consumption Tax (CT).

For taxable years beginning on or after January 1, 2025, California generally conforms to the Internal Revenue Code as of January 1, 2025, as modified, which means that it does not conform to many federal tax law changes since that time, including those in the One Big Beautiful Bill Act (OBBBA), enacted July 4, 2025.

Andersen Managing Director Erik Gary will be a featured presenter at the upcoming webinar, What High Net Worth Clients Want to Know About the New IRA Distribution Rules, hosted by Falcon Rappaport & Berkman on July 16 from 12:00 pm to 1:30 pm ET. During the session, Erik will discuss the latest IRA distribution rules and their implications for high-net-worth individuals, offering practical insights to help advisors and clients navigate evolving estate and retirement planning considerations.

Daniel Gespass, a managing director with Andersen’s US National Tax Practice who focuses on fiduciary income tax and gift and estate tax planning, is a featured speaker at the North Carolina Bar Association’s 47th Annual Estate Planning & Fiduciary Law Program on July 23–25, 2026.

Andersen Managing Directors Joe Calianno and Sean Dokko are presenting on international tax topics at New York University’s Summer Institute on Taxation, July 20-31, 2026, at the Westin New York at Times Square.