How do partnerships treat (former) employees once they receive an equity interest in a partnership?
November 2013 - The Tax Adviser
procedure & administration
IRS Oversight of CPAs Who Provide Valuation Services
With the enactment of Sec. 6695A, the IRS was given new responsibilities to ensure the quality of appraisals and appraisers who provided information in support of a taxpayer’s federal tax filings.
S CORPORATIONS
Controlled Groups and the Sec. 179 Election for S Corporations
The exclusion of S corporations from component membership in controlled groups of corporations multiplies the planning opportunities for businesses under common control but calls for vigilance by tax professionals to use this deduction wisely.