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May 2022 - The Tax Adviser

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  2. May 2022
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procedure & administration

Reporting cash receipts over $10,000

This article discusses the details of the reporting requirement, providing numerous examples, and offers recommendations for practitioners when advising clients about their reporting obligations for cash receipts over $10,000.

TAX CLINIC

credits against tax

Maximizing the benefits of general business tax credits

FOREIGN INCOME & TAXPAYERS

Considerations for multinationals with US and Maltese operations

Customs duty refunds on transfer-pricing adjustments

Differences between transfer pricing and financial reporting valuations

S CORPORATIONS

Tax planning and considerations: S corporation targets

Trusts as S corporation shareholders

STATE & LOCAL TAXES

Cryptoasset transactions: State corporate income tax implications

State tax considerations around the sale of a partnership interest

TAX ACCOUNTING

New accounting method change procedures issued for small business taxpayers

COLUMNS

CASE STUDY

Freezing stock value with a corporate recapitalization

CAMPUS TO CLIENTS

Employing a VITA program to prepare students for professional practice

TAX TRENDS

Tax Court determines value of receivable from a split-dollar life insurance arrangement

Deferred compensation not deductible in year basketball franchise sold

TAX PRACTICE MANAGEMENT

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2025 tax software survey

AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.

Tax Clinic

IRS generally eliminates 5% safe harbor for determining beginning of construction for wind and solar projects

IRS proposes using NAICS to determine lines of business for certain fringe benefit exclusions

IRS rules that community trust and affiliated nonprofit corporation can file a single Form 990

Prop. regs. issued on new qualified tips deduction

IRS rules for first time that REIT’s income from markup on electricity from EV charging stations is rents from real property