The Tax Adviser6 年
Employment tax penalties: Let’s keep it civil
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 ...
The Tax Adviser26 天
IRS grants partnerships additional time to furnish complete Forms 8308
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 Tax Adviser3 年
Tax Planning; Tax Minimization
In addition to the guidance on the plan, the letter recommends that Treasury and the IRS continue pursuing tax simplification. IRS commissioner Danny Werfel promised “marked improvement” for the ...
The Tax Adviser3 年
Taxation of Estates & Trusts
This article discusses the history of the grantor trust rules, how they are exploited to avoid taxes, and ways the rules might be reformed to prevent them from being used for tax avoidance. This ...
The Tax Adviser7 个月
Taxation of Estates & Trusts
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 Tax Adviser3 年
S Corporation Income Taxation
The IRS, citing earlier problems e-filing a new form reporting S corporation owners’ basis, has granted relief to certain farmers and fishermen who missed their March 1 filing deadline. stock and debt ...
The Tax Adviser9 年
About The Tax Adviser
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 ...
The Tax Adviser7 年
C Corporation Income Taxation
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 Adviser17 年
Collections, Liens & Levies
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 ...
The Tax Adviser3 年
C Corporation Income Taxation
The IRS issued final regulations on when fines and penalties paid to a government are not deductible by a taxpayer, including defining when a payment counts as restitution, which may be deductible.
The Tax Adviser7 年
C Corporation Income Taxation
This column discusses the treatment and classification of contributions made by businesses.
The Tax Adviser13 年
S Corporation Income Taxation
In an S corporation, employee fringe benefits paid on behalf of a 2% shareholder are subject to special rules.