The federal Bipartisan Budget Act of 2018 overhauled the former rules for partnership audits. Claire Taylor explains that instead of a tax matters partner, a partnership must now designate a partnership representative.
Stokes Law Briefs
In the 2019 legislative session, the Washington Legislature passed a bill that makes substantial changes to how taxes on the sale of real property in Washington are calculated and extends the lookback period for controlling interest transfers. David Rubenstein explains the implications of this bill.
A new bill signed into law will significantly limit the scope and applicability of non-compete covenants in employment agreements. David Rubenstein and Aviva Kamm explain the new limitations.
A new federal law has changed the way that the IRS audits and collects underpayment of tax (and interest and penalties) from partnerships. Ellen Jackson and Katie Groblewski explain the changes and steps partners should take to comply.
There are several reasons landlords should include a "Continuous Operations" clause in their retail leases. Serena Sayani explains the significance of this important clause.
The new tax reform law, commonly called the "Tax Cuts and Jobs Act" (TCJA), is the biggest federal tax law overhaul in 31 years, and it has both good and bad news for taxpayers.