U.S. Supreme Court finds in-state beneficiary inadequate for trust tax
The unanimous decision in the highly anticipated trust taxation case (North Carolina v. Kaestner) considers whether a state can tax a trust based on the residency of a beneficiary. In the wake of this decision, trustees, trust administrators and trust planners should consider broad-scope trust residency reconciliations to determine whether past residency decisions are still applicable going forward and whether refund claims are available.


Don’t put your employee stock ownership plan on autopilot
Companies often need to review ESOPs as changes arise in the business, employee demographics and in the economic environment. Company leaders may not realize plan provisions can be changed (within some limits) or may not fully understand how changes may benefit the company or its employees.

IRS finalizes certain temporary foreign currency tax regulations
Treasury and the IRS finalize and withdraw certain provisions contained in previously issued temporary section 987 regulations. The final regulations were published in the Federal Register on May 13, 2019.



books, computer and phone on a desk for tax updates

Source: RSM US LLP
Used with permission as a member of the RSM US Alliance


At Insero, we make it our business to stay abreast of the latest trends and technical updates in accounting, tax, and audit; and we understand how important timely updates are to our clients. As a member of the RSM US Alliance, we also have the benefit of access to the resources and subject matter experts of RSM US LLP (formerly known as McGladrey LLP). This includes regular updates on the latest federal, state, and international tax news as well as updates pertaining to the Tax Cuts and Jobs Act. We hope that you find these informative and useful, and invite you to reach out to us if you have any questions.