Asset Management Insights
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In-depth tax due diligence in a C corporation acquisition is vital. Since C corps pay federal and state income taxes at the entity level, unexpected tax liabilities (including those from before the deal) could remain with the buyer and can create very unpleasant surprises. Here is a list of the common issues that should be reviewed during tax due diligence when acquiring a C corporation: 1. Federal and state income […]
Politics and Congressional Activity Congress returned to Washington after a 2-week recess to face a busy agenda including post-Mueller report investigations and continuing hearings on a number of oversight issues. They also must deal with budget and spending issues with a difference of opinion in the House and Senate over how to proceed this year. The Democratic-controlled House Budget Committee opted to forego drafting a budget resolution and instead chose […]