Article | Tax Trends
2024 year-end tax planning: Federal business tax update
Dec 17, 2024 · Authored by James Creech, David Gette, Chase A. Inda, Kasey Pittman, Nicole M. Szczepanek, Colin J. Walsh, Benjamin M. Willis, Michael Wronsky, Jiyoon Choi, Diana Walker
As part of Baker Tilly’s Tax Trends: Year-end tax planning series, our federal update part one featured tax specialists who discussed recent, notable cases impacting tax law, trends in transactional tax and mergers & acquisitions (M&A), changes in research and development credits and the Inflation Reduction Act.
Our federal business tax update part two focused on developments that affect business entities including corporations, S corporations and partnerships. Our specialists addressed the 2025 fiscal cliff, potential tax reform, expiring TCJA provisions, and a legislative and regulatory outlook post-election. Additionally, tax advocacy and controversy specialists provided an overview of key updates from the IRS.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.
