Insights
Not everything in the accounting and financial world is black and white. Much is left to interpretation coupled with experience. At KHA, we know our clients value our perspective and guidance. We therefore not only see it as our duty to share regulatory updates, but also our commitment to share our insights on matters that impact you, our clients.
Topic
![Bake’s Takes – Vol. 1, No. 1](https://kha.cpa/wp-content/uploads/2024/04/KHA-Feature-pexels-photo-3862370-945-1024x576.png)
KHA Consulting leader Jonny Baker offers a monthly recommended reading list.
![Frequently asked questions about profits interests](https://kha.cpa/wp-content/uploads/2024/04/KHA-Feature-Businessman-in-conference-room2-990-1024x576.png)
Profits interest are an equity-based compensation device intended to incentivize key employees in partnerships.
![Tax Tip – IRAs for Young Adults](https://kha.cpa/wp-content/uploads/2024/03/KHA-Feature-coins-currency-investment-insurance-128867-252-1024x576.png)
As we navigate the complexities of financial planning, one opportunity stands out for young adults: individual retirement accounts (IRAs). With the 2023 tax-year contributions deadline fast approaching on April 15, 2024, now is the perfect time to consider how you can leverage an IRA.
![New Crypto Rules Likely Coming](https://kha.cpa/wp-content/uploads/2024/03/KHA-Feature-pexels-photo-6863258-90-1024x576.png)
If you invest or trade in Bitcoin, non-fungible tokens (NFTs), Stablecoins, or other digital assets, prepare for sweeping new tax reporting requirements. Congress wants the IRS to crack down on taxpayers who buy and sell crypto but don’t report or pay tax on their gains.
![Updated Form 8283 contains modest revisions](https://kha.cpa/wp-content/uploads/2024/02/KHA-Feature-Internal-Revenue-Service-IRS-Bldg-253-1024x576.png)
The December 2023 revision of Form 8283 includes new reporting for digital assets, certified historic structures and passthrough entity information.
![The IRS urges businesses to review ERC claims for 7 common red flags](https://kha.cpa/wp-content/uploads/2024/02/KHA-Feature-Internal-Revenue-Service-IRS-Bldg-607-1024x576.png)
IRS urges employers to review ERC claims before the Voluntary Disclosure Program deadline of March 22, 2024. The agency warns of 7 common signs that their claims may be incorrect.
![IRS releases guidance on PIN requirement for energy efficiency home improvement credit](https://kha.cpa/wp-content/uploads/2024/02/KHA-Feature-742-wnhomes_aerial_rw_crd-1024x576.png)
The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C.
![Deadline for filing 2023 forms 1099 is near but beware of important changes](https://kha.cpa/wp-content/uploads/2024/01/KHA-Feature-Internal-Revenue-Service-IRS-Bldg-805-1024x576.png)
Debt modifications that include consent fee payments can create unintended tax consequences.
![Tax framework agreement sets direction for potential business and individual tax relief](https://kha.cpa/wp-content/uploads/2024/01/KHA-Feature-932-teps_columns_2_rw_crd-1024x576.png)
Debt modifications that include consent fee payments can create unintended tax consequences.
![IRS Opens ERC Voluntary Disclosure Program](https://kha.cpa/wp-content/uploads/2024/01/KHA-VideoCover-IRS-Opens-ERC-Voluntary-Disclosure-Program_CT-19651-1024x576.jpg)
In the world of real estate, the Section 1031 exchange has been a significant tool for investors who want to grow their real estate portfolio and wealth. In this video, we'll explain how a 1031 exchange works and important considerations when using one.
![State income tax law changes for the fourth quarter of 2023](https://kha.cpa/wp-content/uploads/2024/01/KHA-Feature-Internal-Revenue-Service-IRS-Bldg-805-1024x576.png)
Debt modifications that include consent fee payments can create unintended tax consequences.
![IRS Announces Voluntary Disclosure Program related to ERC](https://kha.cpa/wp-content/uploads/2024/01/KHA-Feature-pexels-photo-937493-943-1024x576.png)
Debt modifications that include consent fee payments can create unintended tax consequences.
![The 1031 Exchange Explained](https://kha.cpa/wp-content/uploads/2023/12/KHA-VideoCover-The-1031-Exchange-Explained_CT-19023-1024x576.jpg)
In the world of real estate, the Section 1031 exchange has been a significant tool for investors who want to grow their real estate portfolio and wealth. In this video, we'll explain how a 1031 exchange works and important considerations when using one.
![Tax considerations when consent fees are paid to modify a debt](https://kha.cpa/wp-content/uploads/2023/12/KHA-Feature-Internal-Revenue-Service-IRS-Bldg-592-1024x576.png)
Debt modifications that include consent fee payments can create unintended tax consequences.
![Tax Court rules state law limited partner may be subject to self-employment tax](https://kha.cpa/wp-content/uploads/2023/12/KHA-Feature-Internal-Revenue-Service-IRS-Bldg-180-1024x576.png)
The Tax Court ruled that holding a state law limited partnership interest is not, by itself, enough to avoid self-employment tax.