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Member Articles


Senate Releases Version of the 2025 Tax Bill

On June 16, 2025, the Senate Finance Committee released its version of the tax bill – “The One, Big, Beautiful Bill” (OBBB). The President has expressed the goal of signing the bill into law by July 4, 2025. The S ...

Washington Enacts Changes to Capital Gains and Estate Tax Laws

On Monday, May 20, Governor Bob Ferguson signed Senate Bill 5813 into law, introducing key changes to Washington’s tax landscape that may impact high net worth individuals and their estate planning strategies. Capital ...

IRS Withdraws Reporting Requirements for Certain Basis-Shifting Transactions

On April 17, 2025, the IRS issued Notice 2025-23, which announced its intent to publish a notice of proposed rulemaking to remove Treasury Regulations Section 1.6011-18 that identifies certain partnership basis adjustmen ...

A Practical Guide to Texas Severance Tax Exemptions for Oil & Gas Operators

Texas severance tax exemptions present significant opportunities for energy producers, offering the potential for improved profitability and a renewed viability for older wells. Grasping how severance tax exemptions wor ...

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