August saw a pair of significant pronouncements out of the IRS. Proposed regulations would require certain crypto reporting beginning in 2025. Speaking of the year after next, the IRS announced that the requirement of making “catch-up” contributions to a retirement plan for those over age 50 in after-tax dollars will not take effect this year but will be delayed until 2025 for administrative convenience.
As chair of the firm’s tax practice group, David helps businesses and individuals with a broad range of tax planning and controversy matters, estate planning, business transactions, and valuations. A CPA with a Master of Laws in Taxation from Georgetown University Law Center, he is accredited in estate planning by the National Association of Estate Planners and Councils and in business valuation by both the American Institute of Certified Public Accountants and the National Association of Certified Valuators and Analysts. With over 35 years of experience, David brings a high level of expertise, sound judgment, and personal attention to help solve his clients’ tax, estate, and business matters.