Growth can make your manufacturing and distribution businesses stronger, but it can also make tax compliance harder to track. As your company adds customers, expands routes, stores inventory in new…
Safdieh v. Commissioner: Second Circuit Reaffirms IRS Authority to Assess Penalties for Delinquent Foreign Reporting
In the recent court case Safdieh v. Commissioner (2026), the U.S. Court of Appeals for the Second Circuit held that the IRS may assess and collect penalties directly for failing…
2026 Tax Planning Strategies for Construction and Real Estate Development Companies
The construction and real estate development industry continues to operate in a complex tax environment in 2026. Between the phase-down of bonus depreciation, ongoing interest expense limitations, evolving state conformity…
K2 and K3: Expansion of the Domestic Filing Exception
Since their initial release in 2021, Forms K2 and K3, used to report international tax items, have created an expanded compliance burden for many pass-through entities, including those with little…
Alert: Liberation Day Tariffs Overturned
On Friday, February 20, 2026, the Supreme Court overturned two levels of broad global tariffs on imported goods imposed by the current administration. In a 6-3 decision, the court stated…