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August 2017 - The Tax Adviser

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  2. August 2017
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PRACTICE MANAGEMENT

2017 tax software survey

This article offers a look at how CPAs judged their tax preparation software in a wide range of types of practices.

TAX CLINIC

corporations & shareholders

Will tax reform make C corps. more attractive for closely held businesses?

FOREIGN INCOME & TAXPAYERS

The challenge of maximizing the foreign tax credit on qualified dividends

Rolling over equity when purchasing a Canadian company

GAINS & LOSSES

Market discount rules: In search of an escape route for distressed debt

PERSONAL FINANCIAL PLANNING

How to avoid penalties when a planned rollover goes awry

S CORPORATIONS

The importance of tracking AAA and E&P in transactions involving S corps.

STATE & LOCAL TAXES

Small Iowa corporation successfully challenges California’s $800 franchise tax

COLUMNS

NEWS NOTES

IRS cannot charge fees for PTINs

Taxpayers must pay electronically for ruling requests

IRS will rule on leveraged spinoffs again

Proposed budget contains tax reform provisions and would authorize regulation of tax return preparers

BEST ARTICLE AWARD

The Tax Adviser 2016 Best Article Award

CAMPUS TO CLIENTS

Ideas on incorporating tax policy into a first tax course

TAX PRACTICE RESPONSIBILITIES

Considering whether to file an income tax extension

CASE STUDY

Allocating S corp. losses to acquiring and terminating shareholders

TAX TRENDS

Wells Fargo wins partial victory on STARS transaction

Tax Court clarifies ‘amounts in dispute’ for purposes of whistleblower awards

employee benefits & pensions

Abstract image of pie chart, with pieces being pulled from several directions. IMAGE BY VECTORMINE/ADOBE STOCK

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

Proposed regulations issued on retirement catch-up contributions

IC-DISC commission payment provisions

The role of REITs for foreign investors in US real estate

Signing partnerships’ returns and other tax documents

Practical considerations for taxpayers and advisers following Loper Bright and Corner Post