David Jarmusz CPA, JD, LLM

Rev. Proc. 2021-26, May 11, 2021 Qualified business asset investment (QBAI) is a component of the §951A GILTI inclusion formula....

Draft 2021 Schedules K2 and K3 Released (IR-2021-98; April 30, 2021) The IRS has released draft Schedules K-2 and K-3 for the Forms 1065,...

State Conformity with FDII and GILTI What is deductible or an inclusion for Federal tax purposes may not always be the same for state...