DIGITAL ISSUE

Access the December flipbook issue

The Tax Adviser and other Association magazines are now completely digital.

FEATURED ARTICLE

Recent developments in estate planning: Part 1

In this first installment of an annual update on trust, estate, and gift taxation, the topics include estate tax closing letters, the basic exclusion amount, estate debts and expenses, and extending the time to elect portability.

Tax Insider Articles

Tax Clinic

M&A transactions: Deducting accrued liabilities

Updated simplified method for estate portability elections

Scholarship grants awarded by private foundations

Deduction of startup expenses

CFCs: US shareholders’ income inclusions

Real property losses are capital, not ordinary

DEDUCTIONS

Business meal deductions after the TCJA

This article discusses the history of the deduction of business meal expenses and the new rules under the TCJA and the regulations and provides a framework for documenting and substantiating the deduction.

TAX RELIEF

Quirks spurred by COVID-19 tax relief

This article discusses some procedural and administrative quirks that have emerged with the new tax legislative, regulatory, and procedural guidance related to COVID-19.

Magazine