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IRS Large Business and International Division Targeting TEFRA Violations

The IRS Large Business and International Division (LB&I) will be targeting TEFRA violations in partnerships based upon recent changes in partnership related tax law.  TEFRA (The Tax Equity and Fiscal Responsibility Act of 1982) regulations applying to partnerships created a set of consolidated IRS audit (examination), processing and judicial procedures which...

Business Succession Planning Has “Success” Built In

What is business succession planning and how does it enhance your own success and that of your business?  What happens to your business after you retire?  Do you wish for your company to continue after your gone?  Succession planning is an estate planning strategy to ensure your business successfully passes...