Many practitioners who counsel business clients, both small and large, are familiar with the difficult challenges that quickly arise when taxes are withheld from employee wages but not turned over to ...

Proceeds from life insurance on decedent not includible in his estate. The IRS issued guidance for recipients of property from decedents on the basis-consistency requirement and for executors and ...

The IRS said Friday that it is providing relief from certain penalties imposed solely for failure of a partnership with unrealized receivables or inventory items to furnish Part IV of Form 8308, ...

The proposed regulations effectively treat a consolidated group as a single entity for purposes of determining the sharing of tested loss. The IRS can take advantage of several rules to ensure related ...

The Tax Adviser is a monthly publication of the American Institute of CPAs, providing tax practitioners with timely, in-depth, practical, and comprehensive information on federal and state tax ...

This item discusses how the 2% floor affects a trust’s regular tax and alternative minimum tax (AMT), the effect of the recent Supreme Court decision in Knight on the continuing controversy, and the ...

This column discusses the treatment and classification of contributions made by businesses.

Pandemic relief, tax extenders, and much more were included in year-end legislation.

To get through the rigors of tax season, CPAs depend on their tax preparation software. Here's how they rate the leading professional products.

When LLC members receive payments for services performed for the LLC, the tax treatment depends on whether the member is performing the services in the capacity as a member. Approval of an S election ...