New IRS guidance provides welcome clarity for families contributing to Trump Accounts, confirming that qualifying contributions may be treated as completed gifts eligible for the annual gift tax exclusion, potentially eliminating the need to file a federal gift tax return in many cases
Prager Metis congratulates Thomas F. Smith and Joseph Rust on being named 2026 Entertainment Business Visionaries by The Envelope Magazine, published by LA Times Studios, recognizing leaders in entertainment finance, transactions, and advisory.
In our latest National Tax Advisory Newsletter, "Recent Court Decisions Create Potential Refund Opportunities for COVID Era IRS Penalties and Interest," Alison Gadoua outlines a time-sensitive opportunity for taxpayers to recover IRS penalties and interest incurred during the COVID 19 pandemic.