Katherine Wheeler

January 17, 2025 | The Legal Intelligencer

For businesses taxed on their income at the entity level, most commonly organized as C corporations, the TCJA dramatically reduced the corporate income tax rate from a graduated rate topping out at 35% to a flat rate of 21%. Businesses organized as “pass-throughs,” such as partnerships (including LLCs taxed as partnerships), S corporations and sole proprietorships, do not pay an entity-level tax.

By Katherine Wheeler and Philip Karter

6 minute read

October 21, 2024 | The Legal Intelligencer

The new IRS regulations require taxpayers who participated or materially advised others in SCE transactions to satisfy additional reporting requirements.

By Kevin Sweeney and Katherine Wheeler

3 minute read