Cost segregation has long benefited taxpayers with increased cash flow.

Simplistically, the Connelly v. United States case represents a pivotal decision impacting the estate tax .

The House adopted on April 10, 2025, the budget resolution previously approved by the Senate on April 5 that would allow permanent extension of the expiring provisions in the Tax Cuts and Jobs Act (TCJA), as well as an additional $1.5 trillion for tax cuts to address President Trump’s campaign promises.

The QSBS provisions were enacted into law in 1993

While interest rates and the rate of inflation have trended downward over the last couple of years, both measurements remain high relative to recent cycles. With the 2025 tax season upon us, successful business tax planning requires being informed and adaptable to the dynamic economic environment.

Private company stock secondary transactions have significantly increased over the last several years due to market trends, such as delayed initial public offerings (IPOs) for private companies, increased demand for liquidity among employees and early investors.

Many tax professionals and their clients have on their minds the favorable individual and estate tax provisions enacted under the Tax Cuts and Jobs Act (TCJA) of 2017 set to expire at the end of 2025.

The year 2024 saw a continued surging, yet volatile, stock market, continued cooling, but in flux, inflation, and growing hopes for a soft landing for the economy.

Extending the favorable tax provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 was a centerpiece of President Trump's campaign platform. However, following through on this promise will require weighing the continuation of the tax cuts, many of which are set to expire at the end of 2025.