Business owners are frequently approached with unsolicited offers to buy all or part of their companies. In other instances, business owners may be proactively seeking a sale. Regardless of the situation, for owners who are interested in selling, whether in the near term or years down the road, early preparation and a thoughtful approach to financial and tax matters are essential to maximizing the value of the business and ensuring a smooth transaction process.

Income tax treaties can allow tax benefits not otherwise afforded under the domestic law of treaty partners, and are thus an integral consideration for individuals with cross-border investments, business, presence, and activities.

In any transaction that could result in a loss or deduction, the related-party rules under Sec. 267 must be considered.

In April 2024, the OECD released the Consolidated Commentary to the Pillar Two Global Anti-Base Erosion (GloBE) Model Rules.

For the Record, Andersen’s official newsletter, covers a variety of tax and financial topics relevant to both individuals and corporations.

With the presidential election season in full swing, tax policy is a critical point of differentiation in the 2024 presidential race.

Please join Dennis Minichand Fiona Wallace on October 2nd for a discussion focused on the taxation of compensation arrangements and valuation considerations for emerging fund managers.

As highlighted in prominent national headlines, recent times have borne witness to unprecedented actions by the Federal Reserve.

Treasury and IRS released final regulations (TD 10001) implementing changes to the required minimum distribution (RMD) rules for individual retirement account (IRA) owners, retirement plan participants, and their beneficiaries made by the SECURE Act and the SECURE 2.0 Act. These final regulations generally retain the rules as proposed and are applicable for determining RMDs for calendar years beginning on or after January 1, 2025.