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The Tax Adviser13d
You searched for Statement of Claim (SOC) - The Tax Adviser
Editor: Bridget McCann, CPA The pandemic has upended life as we knew it. It has created many hardships and drastically changed lives. But the pandemic also has brought one change that is a welcome ...
The Tax Adviser13d
Management Accounting
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.
The Tax Adviser13d
Corporate Finance & Treasury Management
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.
The Tax Adviser22d
Disregarded-payment-loss rules: How multinationals should prepare - The Tax Adviser
Treasury and the IRS on Jan. 10, 2025, released final regulations regarding dual-consolidated-loss (DCL) and disregarded-payment-loss (DPL) rules (T.D. 10026). These finalize proposed regulations ...
The Tax Adviser25d
Tax accounting method changes: Procedures and potential issues during an IRS exam - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. Since the passage of the Inflation Reduction Act of 2022, P.L. 117 – 169, the IRS expanded its enforcement activity, including increased exams of complex business ...
The Tax Adviser25d
How S elections go wrong and how to fix them - The Tax Adviser
To be an S corporation is to live dangerously. After all, in order to be taxed as an S corporation, the corporation 1 must file a complete and timely election with the IRS and meet and maintain strict ...
The Tax Adviser25d
ING trusts: How they work and their continued viability - The Tax Adviser
In the context of trusts, CPAs may have heard someone mention WINGs, DINGs, or NINGs. This article aims to explain the advantages, requirements, and potential drawbacks of these trusts for estate ...
The Tax Adviser25d
Adequate disclosure on gift tax returns: A requirement for more than gifts - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. Professionals are currently advising clients amid the so – called “great wealth transfer”; new IRS campaigns focused on high – income / high – wealth taxpayers; and the ...
The Tax Adviser25d
Sec. 987 final regulations: A practical approach for partnerships - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. On Dec. 10, 2024, Treasury and the IRS issued final and proposed regulations under Sec. 987 (T.D. 10016 and REG – 117213 – 24).The Sec. 987 regulations provide guidance ...
The Tax Adviser25d
Integrating personal financial planning into individual income tax courses - The Tax Adviser
Contributors. Brianne C. Smith, CPA/ABV/PFS, Ph.D., is an assistant professor of accounting in the School of Accountancy at Auburn University at Montgomery, Ala., and managing member of Brianne CPA, ...
The Tax Adviser25d
Sec. 541: A trap for the unwary investment partnership
Editor: Jeffrey N. Bilsky, CPA. Sec. 541 imposes a 20% tax on the undistributed personal holding company income of a personal holding company. Initially enacted in 1934, the tax was intended to ...
The Tax Adviser25d
Partnership reporting of contributions to foreign entities - The Tax Adviser
Investors looking for greater diversification and opportunity often invest in partnerships to access private equity and other investments unavailable to the public. Further, these partnerships often ...