Businesses incorporated in Delaware should be on the lookout for any notice regarding unclaimed property from the Delaware Department of Finance, Office of Unclaimed Property (OUP).

Andersen celebrates the promotion of 30 exceptional Managing Directors across 10 offices and multiple service lines nationwide. As of January 1, 2024, Andersen will boast more than 280 Managing Directors throughout the United States.

Andersen welcomes seven additional Managing Directors to U.S. ranks, which grew over 20% in 2023. The new additions bolster several offices and practices across the firm, underscoring the firm's dedication to delivering integrated solutions and unparalleled client service. These accomplished professionals embody Andersen's core values and are poised to play pivotal roles in propelling firm objectives and client success.

The latest installment of Sodium Podium – Andersen's regular column in Tax Notes – Wayne Trumbull (Managing Director – New York), Eric Anderson (Managing Director – San Francisco), and Edward Beeby (Senior Manager – San Francisco) explain why the state adoption of Internal Revenue Code Sec. 174, as amended by the Tax Cuts and Jobs Act, violates the foreign commerce clause.

Andersen Managing Director Joe Calianno comments are featured in the recent Tax Notes article, U.S. Income Analysis Complicates Pillar 2 FTC Creditability.

The Washington State Supreme Court in Quinn v. Washington recently upheld the state's 7% excise tax on certain capital gains exceeding $250,000 in a calendar year

Taxpayers and their advisors face an uncertain future due to volatile markets, the potential for recession still looming, and increasing interest rates. While this uncertain market presents challenges, it also creates certain wealth planning opportunities.

In a recent Q3 2023 Newsletter article, we outlined how Qualified Small Business Stock (QSBS) can be a powerful tool for certain taxpayers and how proper documentation and technical analysis are important to ensuring that your QSBS position can withstand an IRS challenge.