The current uncertain economic environment may present an opportunity to exit C status and its attendant double taxation at an acceptable current tax cost.
August 2012 - The Tax Adviser
ESTATES, TRUSTS & GIFTS
Computing the Includible Portion for Graduated GRATs
Recent regulations provide practitioners a reminder that planning discussions with clients considering graduated GRATs should include a review of the potential consequences presented if the grantor dies prematurely
PRACTICE MANAGEMENT
2012 Tax Software Survey
More than 6,000 CPAs assessed the software they used to prepare 2011 tax returns, revealing what they liked and disliked about their software.
Tax Clinic
CONSOLIDATED RETURNS
FOREIGN INCOME & TAXPAYERS
GROSS INCOME
INDIVIDUALS
S CORPORATIONS
Column
BEST ARTICLE AWARD
CAMPUS TO CLIENTS
CASE STUDY
NEWS NOTES
TAX PRACTICE RESPONSIBILITIES
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
