White House Unveils Outline for Tax Reform

The White House has released its “2017 Tax Reform for Economic Growth and American Jobs.” The one-page outline offers a list of proposals aimed at lowering (and simplifying) the tax code in order to rev up the country’s economic engine. Among its stated goals is “lowering the business tax rate from one of the highest […]

Technology and Data Security Risk Assessment and Management

Getting a handle on technologies that are transforming businesses is critical to understanding how your company should manage privacy. New devices containing personal information that are used both at home and at the office are blurring the line between the two. The same is true of devices that are networked, or “smart” and interactive. Their […]

New Partnership IRS Audit Rules Impact Private Equity and M&A

Summary Recently issued legislation completely replaces and transforms the IRS’s partnership audit procedures. Under existing IRS rules, the partners of a partnership are generally responsible for the payment of any tax deficiency for the taxable year being audited. Therefore, the acquirer of a partnership interest currently does not bear the risk of pre-closing federal income […]