July 2015 - The Tax Adviser

Compliance With Short-Period Return Rules Can Stave Off Penalties and Rejection of Elections as Untimely

“Substantially Complete” Buildings Eligible for GO Zone Depreciation

Recent Legislation Creates Professional Employer Organization Status

Relief From Penalties for Late-Filed International Information Returns

Defining “Withholding Agent”: When “Everyone” Is Both Too Much and Not Enough

Basis Adjustments in CFC Stock Held by Partnerships for Subpart F Inclusions, PTI Distributions

IRS Ruling Expands Scope of Debt Obligations in Registered Form

Desirability, Mechanics of Making Sec. 362(e)(2) Elections for State Tax Returns

State Tax Consequences to Shareholders on Distributions of Property

Tax-Exempt Hospital Compliance With Sec. 501(r): No Violation Is Too Small to Ignore

IRS Concludes That Banking App Does Not Qualify for Sec. 199 Deduction

Special Deadline: Filing Amended Returns Reporting Tax Due Within 60 Days of Assessment Limitation

Common Employer Practices May Be Insufficient for New PPACA Reporting Requirement

Claiming the Credit for Residential Energy-Efficient Property

Handling Last-Minute Changes for Clients: It Is Who We Are … It Is What We Do …

TIGTA Finds IRS Failed to Answer Millions of Phone Calls This Tax Season

Nonperiodic Payments Under Notional Principal Contracts Treated as Two Separate Transactions

IRS to Limit Refunds and Credits of Foreign Withholding Payments

IRS Proposes to Define Active Conduct of a Trade or Business Under PFIC Rules

IRS Issues Two Rulings on D Reorganizations

IRS Has Fixed Many of Its Problems With Social Welfare Organization Applications

Designated Private Delivery Service Rules Are Updated

2016 Inflation-Adjusted Amounts for HSAs and High-Deductible Health Plans

Uncollectible Status: An Alternative Resolution

Small Businesses Bear a Significant Portion of Federal Tax Compliance Cost

Filing, Withdrawing, and Managing IRS Authorizations

Maryland Personal Income Tax Regime Violates Constitution

Charitable Deduction Not Allowed for Conveyance of Land Preservation Easement