2023 Marcum Year-End Tax Guide

TABLE OF CONTENTS

71. Strategic Accounting

109. From Tax Credits to Jobs: The Inflation Reduction Act’s First-Year Impact 111. Top 6 Enterprise Cybersecurity Challenges for 2024 117. 3 Easy Trades 120. Five Proven Strategies to Tackle Estate Taxes 129. Cost of Living Updates 2023-2024

04. Letter From Our Tax Leader 05. Marcum 2023 Federal Tax Year in Review 23. Key Considerations for 2024 Corporate Tax Planning, Including Capitalizing Technology Expenditures, and the IRS’ Use of Artificial Intelligence 27. The Migration of High-Net Strategies: Maximizing Your Estate and Gift Exemptions 36. Untapped Potential: Why Companies Overlook Millions in State Incentives 39. States’ Effort to Find and Collect Unclaimed Property is on the Rise 41. The Hidden Costs of Non-Compliance: The Importance of Sales & Use Tax 43. A Year in Review: SALT Trends and Highlights 51. State Tax Considerations for NFTs 54. Navigating the Complexities of US Tax Law: Strategies for Cross-Border Fees and Service Arrangements 58. Multinationals Beware: The Worth Individuals to Low- Income Tax Jurisdictions 30. Comprehensive Tax

Methods for Businesses: Identifying Opportunities to Defer Income and Save on Taxes

75. The C-corporation

Advantage: Qualified Small Business Stock (QSBS) Gain Exclusion 79. The IRS Presses the Pause Button on the ERTC Program – What’s Next? 81. Courts Challenge IRS in 2023: What Could This Mean for Taxpayers in 2024 84. Decoding PTET: The IRS- Approved SALT Deduction Workaround for Pass-Through Entities 88. 2023: The Year Of Modern Families 91. Research and Development: Tax Credit Benefits and Capitalization Considerations 95. Navigating Interest Rates, Depreciation, & Tax Changes: A Real Estate Year-End Overview 99. Tax Planning Considerations for Competitive Construction Companies 102. Donor-Advised Funds in the Crosshairs: Legislation Aims to Close Tax Code Loopholes 103. Tips on Maintaining Your Hospital’s Tax-Exempt Status

Surge in Transfer Pricing Regulations and Enhanced IRS Oversight

106. From Depreciation to

Discounts: Understanding Book-Tax Differences in the Food & Beverage Industry

67. What the New FASB

Disclosure Rules Could Mean for Your Company

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