This annual update covers recent developments relating to S corporations, including new IRS relief for common inadvertent S election lapses; state passthrough entity taxes; and court holdings concerning S corporations’ constructive distributions and passive versus nonpassive activities.
This article explores how adjustments in a tax audit using sampling can be overstated by the choice of statistical method and offers practical recommendations.
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
