The Tax Adviser10d
AICPA to Congress: Delay needed in BOI reporting deadline
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 Adviser12d
At ERISA’s 50th anniversary, a legacy of IRS-practitioner collaboration
This year marks the 50th anniversary of the enactment of the Employee Retirement Income Security Act of 1974, P.L. 93-406 (ERISA). While retirement plans existed and were subject to IRS rules well ...
The Tax Adviser23d
Corporate AMT prop. regs. impose new partnership information tracking system
On Sept. 12, 2024, Treasury issued highly anticipated proposed regulations (REG-112129-23) to address the application of the corporate alternative minimum tax (corporate AMT) imposed on an applicable ...
The Tax Adviser26d
Universal accounting for digital assets concludes, but safe harbor available
The AICPA Digital Assets Tax Task Force (DAT TF) has been monitoring digital asset transaction reporting closely, and on the same day the final regulations on broker reporting (T.D. 10000) appeared, ...
The Tax Adviser7y
S Corporation, Partnership & LLC Taxation
Tax Court affirmed the IRS’s decision to recharacterize loss of a partnership disposition from ordinary to capital when the taxpayers failed to provide evidence of abandonment. To ease the regulatory ...
The Tax Adviser3y
C Corporation Income Taxation
Sec. 199A, may create a potential difference in how the same type of income is taxed to shareholders of RICs and REITs and therefore offers an opportunity for fund managers. This discussion provides ...
The Tax Adviser5mon
C Corporation Income Taxation
The Inflation Reduction Act not only created $663 billion in new energy-related credits over 10 years, but it also expanded opportunities to monetize many of the energy tax credits through direct ...
The Tax Adviser1mon
S Corporation, Partnership & LLC 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 Adviser3y
Partnership and LLC Taxation
Partnerships and their partners need to work closely to maintain strong communications to overcome challenges to information sharing and, ultimately, to computational matters and information reporting ...
The Tax Adviser9y
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 Adviser7mon
Reporting & Filing Requirements
States vary in their treatment of partnership adjustments made under the centralized partnership audit regime instituted by the Bipartisan Budget Act of 2015.