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.

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.

In a win for taxpayers, the U.S. Tax Court in 2023 upheld an appraisal method, previously opposed by IRS, that can lower the valuation of a pass-through entity such as an S corporation, limited liability company, or partnership significantly.

Andersen Global reinforces its global valuation capabilities through the addition of collaborating firm Advance Valuations in Bulgaria.