Because tax changes don’t take a vacation during filing season, this article helps practitioners keep up to date by summarizing tax developments for that period.
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Recently released tangible property regulations provide a potential opportunity to continue depreciating a building after demolition has occurred.
This article examines the major provisions in the two bills and highlights their differences.
The IRS determined that the costs of acquiring domain names are to be capitalized as intangible assets and amortized over a 15-year period.
Exclusion of IRA "qualifying charitable distributions” can a powerful incentive to charitable giving.
This article reviews how "taxpayer receipts" can help practitioners provide additional tax information to clients.
Taxpayers apparently have been under the impression that the tax treatment of computer software costs was changed.
Many tax professionals overlook the opportunity to manage the decedent’s original tax basis for real estate assets that are recorded on their tax depreciation schedule before death.
This column provides a summary of the bills enacted last year that included tax changes.
the Second Circuit held that the taxpayer did not waive the attorney-client privilege by sharing documents with a consortium of banks with which the taxpayer had a common legal interest.
Having an activity classified as passive is not a good result for most taxpayers since they cannot carry back or forward losses under the net operating loss rules.
This article summarizes the significant items in the Patient Protection and Affordable Care Act that affect individuals this filing season.
Despite IRS moves to curb corporate inversions, some multinational corporations still search for low-tax jurisdictions.
Changes include new restrictions, penalties, and due diligence requirements for practitioners and affect the child tax credit, the American opportunity credit, and the EITC.
Follow these tips for using the final tax return for tax planning post-mortem.
This year-end article offers a list of tasks to consider to get ready for the upcoming filing season.
The U.S. Tax Court recently issued an opinion focusing on the requirements for an organization to qualify for a tax exemption under Sec. 501(c)(3).
Without a tax practitioner’s ongoing planning and involvement, the benefits of tax-aware management are less likely to be achieved.
The guidance provides procedures to ensure consistency and efficiency in the IRS’s administration of the FBAR compliance program.
Recordkeeping and attention to the letter of the law should pay off in avoiding lost deductions.