President Trump tweeted on April 30 that a “new healthcare plan is on its way. Will have much lower premiums and deductibles while at the same time taking care of pre-existing conditions.” The President’s top aides said they want the U.S. House of Representatives to vote this week on a bill to repeal and replace […]
After the passage of a Continuing Resolution on April 28 that funds the government for an additional week, Congress has turned its attention to the Consolidated Appropriations Act of 2017, which would fund the government through the fiscal year. The bill provides $11.2 billion for the IRS — freezing agency funding at the fiscal year […]
President Trump signed an Executive Order directing the Treasury to review tax regs adopted during the past 18 months under former President Obama. According to Treasury Secretary Steven Mnuchin, the re-examination of these regs is to ensure that they “do not unduly strain the American economy.” Regs that are determined to be “harmful rules that […]
Private companies with more than one owner should have a buy-sell agreement to spell out how ownership shares will change hands should an owner depart. For businesses structured as C corporations, the agreements also have significant tax implications that are important to understand. Buy-sell basics A buy-sell agreement sets up parameters for the transfer of […]
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