This article reviews and analyzes recent regulations, rulings, and cases involving partnerships, including developments in partnership formation and operations, income allocations, and basis adjustments.
partners & partnerships
February 2015 - The Tax Adviser
INDIVIDUALS
Do PPACA Credits and Mandates Apply in States With Federal Exchanges?
Challenges now moving through the federal courts target the IRS’s interpretation that the Sec. 36B premium assistance credit to insurance purchased on both state health insurance exchanges and federal health insurance exchanges.
INDIVIDUALS
The Kiddie Tax: Inequitable Consequences and the Need for Reform
This article addresses the problems caused by the increases in the age at which the kiddie tax applies and explains why, as the kiddie tax heads toward its 30th birthday, it is time for Congress to reform it.