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August 2017 - The Tax Adviser

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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

INDIVIDUALS

Current Developments in Taxation of Individuals: Part 1

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.

Tax Clinic

Planning for domestication transactions

Planning for new charitable contribution limits

Effect of the new pro rata share rules

Determining when a debt instrument has zero basis

Structuring partnership mergers