Despite IRS moves to curb corporate inversions, some multinational corporations still search for low-tax jurisdictions.
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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.
It’s a good time to review which provisions might get a last minute reprieve and see what legislation is pending in Congress.
Here are some suggestions to help business clients reduce 2015 taxes by accelerating deductions into this year and delaying income until next year.
The question of whether an S corporation should be treated the same as a C corporation when its subsidiary corporation is insolvent has not been definitively answered.
A recent property tax case from the Tax Court of New Jersey should serve as a warning to tax-exempt medical centers and their tax advisers throughout the country.
For the past few years, the emphasis has been on lowering tax rates and broadening the base for revenue-neutral, comprehensive tax reform.
Without a tax professional’s being actively involved in planning, the benefits of tax-aware management are unlikely to be achieved.
The PPACA added a new 40% nondeductible excise tax on high-cost health coverage, commonly referred to as the “Cadillac tax.”
Many not-for-profits do not know that the states in which they conduct business have many rules that may apply to them.
Financially troubled since 2001, the Highway Trust Fund might get more than its typical Band-Aid fix with a proposed new funding source that could also kick off comprehensive tax reform.
Temporary regulations prevent corporations from avoiding tax through the use of partnerships.
A recent Tax Court decision sheds light on the importance of lease terms to determine what is rent and how Sec. 467 may apply to advance rents.
The relief from the requirement to file Form 3115 may not be the best choice for all small business taxpayers. Find out here whether to revisit this choice.