The Tax Adviser5d
Prop. regs. issued for spinoff transactions and their reporting
The IRS said it used feedback from tax advisers to write the proposed regulations, which include new multiyear tax reporting requirements.
The Tax Adviser2mon
C Corporation Income Taxation
The regulations provide guidance on determining who is one of the “five highest compensated employees” under Sec. 162(m)(3)(C). In a letter ruling, the IRS ruled that the investment advisory fees paid ...
The Tax Adviser3mon
S Corporation Income Taxation
Without a delay, “millions of small business owners become accidentally and unknowingly delinquent in their compliance,” reads the letter, signed by CEO Barry Melancon, CPA, CGMA.
The Tax Adviser5mon
Taxation of Estates & Trusts
The final regulations implement Sec. 2801, added to the Code in 2008, and follow up on proposed regulations issued 10 years ago. The IRS issued guidance for recipients of property from decedents on ...
The Tax Adviser5mon
C Corporation Income Taxation
Third-party creditors holding defaulting loans need to understand calculating gain or loss and whether it is ordinary or capital in foreclosure and deed-in-lieu of foreclosure proceedings. Strategies ...
The Tax Adviser8mon
Partnership and LLC Taxation
The Supreme Court upheld the mandatory repatriation tax as a valid exercise of Congress’s taxing authority. The Court did not reach the question of whether income must be realized to be taxable. The ...
The Tax Adviser1y
PRACTICE MANAGEMENT
To get through the rigors of tax season, CPAs depend on their tax preparation software. Here's how they rate the leading professional products.
The Tax Adviser1y
C Corporation Income Taxation
Major tax law changes in 2017 increased reliance on the gross receipts test and, in turn, the controlled group rules, making these sections a focal point for tax practitioners.
The Tax Adviser2y
S Corporation Income Taxation
The IRS says covered corporations will not have to report or pay the new 1% stock repurchase excise tax until it issues forthcoming regulations. The IRS waived the penalty for corporations that did ...
The Tax Adviser2y
S Corporation, Partnership & LLC Taxation
Revised draft instructions for partnership and S corporation Schedules K-2 and K-3 contain significant changes to the requirements to qualify for the domestic filing exception for filing and ...
The Tax Adviser2y
Partnership and LLC Taxation
Final regulations, issued last week, except certain partnership-related items from the regime and provide alternative rules for their examination by the IRS, as well as provide rules for the ...