Preventing unwanted tax consequences from compensatory partnership interests requires understanding Regs. Sec. 1.721-1(b)(2) ...

Strategies can include accelerating income recognition or deferring deductions, certain tax elections, and optimal use of AMT ...

Businesses that own, lease, or charter aircraft should prepare for increased IRS scrutiny by closely reviewing their ...

States that adopted some version of the 1984 Chevron judicial deference standard may see their tax regulations challenged in ...

CPA personal financial planners’ ability to discern the story inherent in a client’s tax returns brings unique value to the ...

The Fifth Circuit’s decision in Grigsby, 86 F.4th 602 (5th Cir. 2023), emphasizes the need for taxpayers to clearly define ...

The refund limitation periods of Secs. 6511(b)(2) and 6212(b)(3) are not subject to suspension under the doctrine, the Tax ...

A foreign tax redetermination may require taxpayers under Large Business and International Division examination to notify the ...

A commitment to public accounting can bring personal growth and professional fulfillment and create opportunities to find ...

With the basic exemption amount for estate, gift, and generation-skipping transfer taxes set to be cut in half after the end ...

The affiliated-group rules and other complications can require care in determining application of this excise tax on ...

The Trump administration has rejected the OECD’s initiative to reform the taxation of multinational enterprises. Learn more ...