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February 2023 - The Tax Adviser

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  2. February 2023
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partners & partnerships

Current developments in partners and partnerships

This article reviews and analyzes recent rulings and guidance involving partnerships. The discussion covers developments in the taxation of partnerships and partners, debt and income allocations, distributions, and basis adjustments.

TAX CLINIC

corporations & shareholders

Marrying ESG initiatives to business tax planning

employee benefits & pensions

Early access to wages may require new employment tax analyses

GAINS & LOSSES

Determining gross receipts under Sec. 165(g)(3)

Issues in allocating income under Sec. 384

REAL ESTATE

Recent changes to the Sec. 179D energy-efficient commercial buildings deduction

S CORPORATIONS

IRS provides guidance on perfecting S elections and QSub elections

The ‘one class of stock’ requirement: An interesting letter ruling

STATE & LOCAL TAXES

Significant state conformity issues for corporate taxpayers

COLUMNS

TAX PRACTICE RESPONSIBILITIES

Documentation and recordkeeping for tax practitioners

CAMPUS TO CLIENTS

Closing the gap between accounting education and the workplace

CASE STUDY

Dividing an LLC

TAX TRENDS

90-day deadline for filing Tax Court petition in deficiency case is jurisdictional

Notice listing syndicated conservation easement transactions held invalid

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

Estate planning in a post-OBBBA world

Application of grandfathering rules under Sec. 162(m) to severance plan payments

A lower substantial-improvement threshold for rural opportunity zones

Dissolving business taxpayers: Selected procedural implications

Sec. 174: The OBBBA and growing state tax disconformity