Advertisement

May 2016 - The Tax Adviser

  1. Magazine
  2. May 2016
  1. Issue Library
Cover Image for May 2016
corporations & shareholders

Personal Goodwill and the Net Investment Income Tax

This article discusses when the sale
of goodwill related to a C corporation is the sale of a shareholder’s personal goodwill
and the reasons the gain from the sale of personal goodwill should not be subject to
the net investment income tax.

TAX CLINIC

corporations & shareholders

Gain and Loss Recognition Under Sec. 356(c)

DEPRECIATION

Bonus Depreciation After the PATH Act

FOREIGN INCOME & TAXPAYERS

Notice 2015-79: New Anti-Inversion Guidance

procedure & administration

A Look at the Impact of New Federal Filing Deadlines

REAL ESTATE

New Legislation Restricts Tax-Free REIT Spinoffs

S CORPORATIONS

Changes to the BIG Recognition Period of Sec. 1374(d)(7)

Ordinary Deduction for Worthless QSub Stock

STATE & LOCAL TAXES

Water’s-Edge Election: Effectively Connected Income and the 20% Rule in California

TAX ACCOUNTING

IRS Affirms Deductibility of Some—but Not All—Computer Software Development and Implementation Costs

Retailer and Restaurant Remodel-Refresh Safe Harbor: Frequently Asked Questions

COLUMNS

NEWS NOTES

AICPA Tax Advocacy Members Go to Washington to Urge IRS Improvements

IRS Introduces New Audit Procedures for LB&I

Legislation Permanently Bans Internet Taxes, Increases Failure-to-File Penalty

Specified Domestic Entities Must Now Report Under Sec. 6038D

IRS Issues Final Regulations on Awarding Litigation Costs

CAMPUS TO CLIENTS

Using Excel in the Classroom: Performing a Multilevel Tax Analysis of an S Corporation Conversion

TAX PRACTICE RESPONSIBILITIES

Tax Ethical and Penalty Issues in the UTP Context: A Review After Five Years of Experience

CASE STUDY

Planning for Divorce-Related Stock Redemptions

TAX TRENDS

Executor Not Liable as Fiduciary for Unpaid Estate Tax

Appeals Court Upholds Colorado Use Tax Reporting Law

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.

Tax Clinic

IRS ruling clarifies treatment of R&D when computing the FDII deduction

Like-kind exchanges of real estate: Building on the basics

New legislation seeks to address disaster relief refund claim discrepancies

Partnership recapitalization: Lender admittance without liability reduction

Technology and tax standards: Understanding new SSTS Section 1.4 — Reliance on Tools