This first part of the annual update covers trust and gift tax issues, including regulations explaining deductions permitted for trusts and estates after the TCJA eliminated miscellaneous itemized deductions for individuals.
ESTATES, TRUSTS & GIFTS
October 2020 - The Tax Adviser
REAL ESTATE
The maze of real estate rentals
Taxpayers and practitioners must navigate special rules for rental real estate activities in a number of areas including the passive activity rules, the net investment income tax, the qualified business income deduction, the Sec. 179 deduction, corporate reorganization rules, and the self-employment tax.
TAX CLINIC
corporations & shareholders
employee benefits & pensions
FOREIGN INCOME & TAXPAYERS
procedure & administration
STATE & LOCAL TAXES
TAX ACCOUNTING
COLUMNS
NEWS NOTES
BEST ARTICLE AWARD
TAX PRACTICE & PROCEDURES
STATE & LOCAL TAXES
TAX TRENDS
CASE STUDY
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.
