Closely following the IRS’s announcement of 2024 inflation-adjusted limits for retirement plans ( Notice 2023-75 ), the IRS also has announced its 2024 inflation-adjusted limits for health FSAs,...
Use Practical Guidance’s State Law Comparison Tool (SLCT) to compare real estate laws among several states. With SLCT you can customize and generate a report tailored to your needs for comparing...
As Q4 kicks into high gear, make sure you leave room on your favorite associate’s plate for this new professional development video from Practical Guidance! Covering key tips and skills they will...
Interested in the intersection between the metaverse, the workplace, and employment law? Listen to this Practical Guidance podcast featuring attorney Tim Taylor of Holland & Knight. Listen now »...
Review the key issues to consider when negotiating and drafting a software license agreement. This practice note covers, among other things, the scope of the software license, delivery and installation...
The exit tax implications for certain covered expatriates in choosing to permanently leave the U.S.’s worldwide taxation system are economically unpleasant. The IRC applies an exit tax to the net unrealized gains on the covered expatriate’s worldwide assets (fair market value of the assets determined on the day prior to expatriation). I.R.C. § 877A. The rules do not require a formal sale; however, the rules deem a sale of worldwide assets at fair market value to occur, with net gain in excess of an applicable exclusion amount ($821,000 for 2023) exempt from the exit tax.
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