A recent change in the law makes it easier for taxpayers to claim charitable deductions for food products donated to charity.
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Tax Insider Articles
Is Your Client’s W-2 Correct? If You Said Yes, Think Again!
Some payroll errors occur routinely and are a bigger concern.
Helping Your Clients Execute a Tax-Aware Investment Plan
Without a tax professional’s input, much of the benefit of tax-aware best practices is unlikely to be achieved.
Catching Up After the 2016 Filing Season
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.
Deduct Your Demolished Building Using a General Asset Account
Recently released tangible property regulations provide a potential opportunity to continue depreciating a building after demolition has occurred.
Comparing the Marketplace Fairness Act and the Remote Transactions Parity Act
This article examines the major provisions in the two bills and highlights their differences.
How Internet Domain Names Are Taxed
The IRS determined that the costs of acquiring domain names are to be capitalized as intangible assets and amortized over a 15-year period.
Charitable IRA Distributions: A Great Opportunity
Exclusion of IRA “qualifying charitable distributions” can a powerful incentive to charitable giving.
Transparency for Individual Taxes
This article reviews how “taxpayer receipts” can help practitioners provide additional tax information to clients.
IRS Weighs In on the Tax Treatment of Computer Costs
Taxpayers apparently have been under the impression that the tax treatment of computer software costs was changed.
Using Cost Segregation in Estate Planning
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.
Changes in Tax Legislation in 2015: Lots of Them!
This column provides a summary of the bills enacted last year that included tax changes.
Work-Product Doctrine Protects Accountant’s Tax Advice
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.
What Investors Need to Know About Passive Activities
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.
What Individuals Need to Know About the Affordable Care Act for 2016
This article summarizes the significant items in the Patient Protection and Affordable Care Act that affect individuals this filing season.
IRS Holds Its Ground in Substantial Business Activity Regulations
Despite IRS moves to curb corporate inversions, some multinational corporations still search for low-tax jurisdictions.
Congress Makes Changes to Popular Tax Credits
Changes include new restrictions, penalties, and due diligence requirements for practitioners and affect the child tax credit, the American opportunity credit, and the EITC.
Taking Control of the Final Form 1040
Follow these tips for using the final tax return for tax planning post-mortem.
Preparing for the 2016 Filing Season
This year-end article offers a list of tasks to consider to get ready for the upcoming filing season.
Charities Must Operate Exclusively for Charitable Purposes
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).