Andersen Global, the worldwide leader in tax and legal services, welcomes 9 member firms to its platform, increasing its ability to provide independent, multidisciplinary, borderless service to its global clients. Through its member and collaborating firms, Andersen Global has over 13,000 professionals and a presence in over 390 locations in more than 170 countries on six continents, giving it one of the largest global footprints among multinational, multidisciplinary professional services firms.

A taxpayer who makes a charitable donation of more than $5,000 of cryptocurrency must submit a qualified appraisal of its value to qualify for a charitable deduction under Sec. 170(a).

Andersen Global reinforces its Australian platform through a Collaboration Agreement with professional services firm BoardRoom, adding three locations in Sydney, Melbourne and Brisbane. Over the last six months, Andersen's presence in Australia has grown by more than 400 multidisciplinary professionals following the announcement about a collaboration with Cornwalls less than four months ago.

Employee Benefit News highlights Andersen's new MBA program, our long-standing history with USF, and the significance of investing in our people to reinforce our organization's culture.

Andersen Global continues its European expansion efforts through a Collaboration Agreement with full-service law firm CHG Czernich Rechtsanwälte, adding legal resources to the organization's existing presence in Austria.

A depressed market like in 2022 and possibly 2023 represents an opportunity to make late allocations of generation-skipping transfer (GST) tax exemption to prior years gifts. This opportunity arises when an asset's value has declined since the actual date of the gift and can result in significant transfer tax savings.

Buckle your seat belt and lift your tray table, the 2022 tax year was the last time 100% bonus depreciation was generally available for the purchase of a private aircraft. However, with a phase-down in increments of 20% until 2027, it will be a slow descent until the time when the bonus depreciation deduction is no longer available. It will be an even softer landing for an aircraft that qualifies as longer production period property (LPPP) and for certain aircraft placed in service after December 31, 2022, for which the bonus depreciation phaseout periods are extended by one year.

Perhaps the year 2022 will be remembered as the beginning of the transition to relative normalcy following the dramatic lifestyle changes resulting from the COVID-19 pandemic in 2020 and 2021. For instance, in 2022, staycations were replaced with revenge travel; mostly empty sports venues with posters of fans were replaced with sports venues filled with real fans; and tax filing deadlines returned to their standard dates.