Download the June Issue of Central Intelligence
Stay informed on important court rulings and legislative updates that can impact our industry. Each month, this publication summarizes topics that can directly impact your business. Our June 2024 issue includes:
- Supreme Court upholds inclusion of life insurance proceeds when valuing business in Connelly
- DC Circuit upholds IRS imposition of penalties on foreign holdings, overturning Tax Court
- IRS issues final rules simplifying rules for late allocation of generation-skipping transfer tax
- Corporate Transparency Act update
- IRS issues proposed regulations regarding reporting requirements for foreign trusts
- Tax Court denies dentist’s deductions for farming losses because not engaged in for profit