News & Insights
Comprehensive Planning to Provide the Most Tax-Efficient Structure
CFOs and General Counsel of multinational corporations (non-U.S. parent) with operations in the United States face complex tax implications that must be planned for on
Comprehensive Global Tax Planning to Reduce the Global Effective Tax Rate
CFOs and General Counsel at U.S. multinational corporations are confronted with complex international tax that requires comprehensive global tax planning to reduce the global effective
Membership Interest for Services and Purchaser’s Tax Liability
The after-tax proceeds of the sale of a business is of the utmost importance to sellers. Too often sellers agree to holdbacks or a reduction
Comprehensive Approach to Tax Planning for U.S. Multinational Corporations
As multinational corporations continue to expand their operations globally, they must navigate a complex web of tax regulations and laws. It is essential that they
The Importance of Not Overblocking for UBIT
Taxes play an important role in the structure of a fund. There are various categories of investors that have different tax implications which will impact
IRS Delays Implementation of $600 Threshold for Third-Party Payment platforms’ Forms 1099-K
For calendar years beginning after December 31, 2022, the third-party payment organizations are required to report payments in settlement of third-party network transactions with any
Klug Counsel PLLC in 2022
We hope you and your family are healthy, safe, and enjoying the holiday season to end 2022. We would like to take this opportunity to
Estate and Gift Tax Exemption Amount to Significantly Increase with Inflation
Every year, the estate and gift tax “basic exclusion amount” (commonly known as the “estate and gift tax exemption amount”) is adjusted for inflation. The
IRS will Prioritize Enforcement Under $80B Funding: Large Business and International Division
On August 16, 2022, President Biden signed the Inflation Reduction Act into law. As part of the significant changes made by this legislation, the IRS