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
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.
The IRS intends to release proposed regulations on the PIN requirement for the energy efficiency home improvement credit under section 25C.
Debt modifications that include consent fee payments can create unintended tax consequences.
Debt modifications that include consent fee payments can create unintended tax consequences.
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.
Debt modifications that include consent fee payments can create unintended tax consequences.
Debt modifications that include consent fee payments can create unintended tax consequences.
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.
Debt modifications that include consent fee payments can create unintended tax consequences.
The Tax Court ruled that holding a state law limited partnership interest is not, by itself, enough to avoid self-employment tax.
The Supreme Court's ruling in Moore v. United States could reshape Congress' authorization to tax income.
A goal of estate planning is to maximize the wealth that is passed on to one's heirs. In this video, we'll discuss how a Spousal Lifetime Access Trust and an Irrevocable Life Insurance Trust may help you minimize estate taxes and protect wealth.
The Internal Revenue Service (IRS) has established guidelines concerning the withdrawal of an Employee Retention Credit (ERC) claim for those employers who now believe they may not qualify. These guidelines, detailed on the IRS's official website, outline the necessary steps a taxpayer must take to withdraw a claim for the ERC, under certain conditions.
On September 14, 2023, the IRS made two major press releases regarding the Employee Retention Credit (ERC). This article summarizes significant points from those releases.
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.