[{"articleAbstract":"The owners of an LLC may be tempted to have the LLC elect to be treated as an S corporation for federal tax purposes. However, there are a host of issues that should be considered before making this move. In this article, the authors discuss 10 reasons why it may not be beneficial for an LLC to make an S corporation election.","articleTitle":"10 good reasons why LLCs should not elect to be S corporations","externalizedPath":null,"featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/oct/10-good-reasons-why-llcs-should-not-elect-s-corporations"},"sortDate":"2022-10-01T05:00:00.000-04:00"},{"articleAbstract":"Interests in publicly traded partnerships (PTPs) can be a valuable part of an investor’s portfolio, but because these investments are partnership interests, the tax reporting for them can be complex, and losses passed through by PTPs may be limited. This article discusses the tax compliance and loss limitation issues involved with, and tax planning considerations for, holding interests in PTPs.","articleTitle":"Publicly traded partnerships: Investors’ tax considerations","externalizedPath":null,"featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/oct/publicly-traded-partnerships-investors-tax-considerations"},"sortDate":"2022-10-01T05:00:00.000-04:00"},{"articleAbstract":"CPAs assess how their return preparation products performed.","articleTitle":"2022 tax software survey","externalizedPath":null,"featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/aug/2022-tax-software-survey"},"sortDate":"2022-09-01T05:00:00.000-04:00"},{"articleAbstract":"A federal district court recently held that Notice 2016-66, which classifies certain microcaptive insurance arrangements as transactions of interest that are reportable transactions under Regs. Sec. 1.6011-4, is invalid under the Administrative Procedure Act. This article discusses the ramifications of the decision for taxpayers engaging in microcaptive insurance transactions and possible responses to the decision by the IRS.","articleTitle":"Microcaptive insurance arrangements after CIC Services","externalizedPath":null,"featureImage":{"imageTagAttributes":{"src":"/etc/designs/default/resources/0.gif","alt":"","title":"","class":"cq-image-placeholder"}},"page":{"path":"/issues/2022/sep/microcaptive-insurance-arrangements-after-cic-services"},"sortDate":"2022-09-01T05:00:00.000-04:00"},{"articleAbstract":"Bonus: The percentages for all products, including a breakdown of their usage among firms ranked by ranges of numbers of preparers, in the 2022 tax software survey.","articleTitle":"2022 tax software survey: Shares of respondents and product and company information","externalizedPath":null,"featureImage":{"imageTagAttributes":{"src":"/content/dam/tta/issues/2022/aug/tax-software-survey-640x388.jpg","alt":"IMAGES BY MICROSTOCKHUB/ISTOCK","title":"tax-software-survey-640x388"}},"page":{"path":"/issues/2022/aug/2022-tax-software-survey-shares-respondents-product-company-information"},"sortDate":"2022-08-01T05:00:00.000-04:00"}]