October 2021 - The Tax Adviser

Automatic procedures to change a CFC’s depreciation method

Foreign notional interest regimes may hinder deductions of US subsidiaries

Foreign taxes on PTEP can provide additional foreign tax credits

Unvested partnership interests as compensation

Automating indirect state and local tax compliance process

Taxpayer First Act changes innocent spouse relief

IRS continues focus on cryptoassets

Sales and use taxes: Loss contingencies

The state of economic nexus

Simplifying the accounting for income taxes

IRS amplifies and updates ERC for second half of 2021

IRS launches ‘Tax Pro Account’ feature

COBRA premium assistance credit clarified further

Automobile depreciation limits adjusted for 2021

The difference between employees and independent contractors

Working with cognitively impaired taxpayers

Advance child tax credits

Capitalized improvements vs. deductible repairs

Penalty for failure to report distribution from foreign trust not reduced

Extrinsic evidence not allowed to prove when amended return filed