Advertisement

October 2020 - The Tax Adviser

  1. Magazine
  2. October 2020
  1. Issue Library
Cover Image for October 2020
ESTATES, TRUSTS & GIFTS

Recent developments in estate planning: Part 1

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.

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

Legal entity rationalization and simplification

Summary of tax rules for liquidating corporations

employee benefits & pensions

Common mistakes in nonqualified deferred compensation plans

Fundamentals of voluntary employees’ beneficiary associations

FOREIGN INCOME & TAXPAYERS

Foreign income taxes deemed paid and the PTEP rules

procedure & administration

Procedural avenues for taxpayers with balances due to the IRS

STATE & LOCAL TAXES

‘Bounty hunting’ for tax violators: Qui tam claims

COVID-19’s impact on withholding, unemployment insurance, and nexus

Why are indirect taxes hot for e-commerce businesses?

TAX ACCOUNTING

Navigating the tax accounting impacts of the CARES Act

COLUMNS

NEWS NOTES

Regulations and other guidance on the business interest expense limitation issued

Small business taxpayers get simplified accounting rules

How employers account for recapture of excess employment tax credits

IRS issues more rules on GILTI tax

PTIN user fees reinstated

BEST ARTICLE AWARD

The Tax Adviser 2019 Best Article Award

TAX PRACTICE & PROCEDURES

Resolving IRS hardships with the Taxpayer Advocate Service

Timely filing from foreign countries

TFRP: A possible second financial crisis for business owners

DC CURRENTS

COVID-19 challenges at center of national taxpayer advocate report

STATE & LOCAL TAXES

Diagnosing the SALT effects of COVID-19: Part 2

TAX TRENDS

Divorce settlement payments do not increase LLC basis

Taxpayer allowed to challenge underlying liability in CDP hearing

CASE STUDY

Economic issues when forming an LLC

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