Without a tax practitioner’s ongoing planning and involvement, the benefits of tax-aware management are less likely to be achieved.
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Tax Insider Articles
IRS Provides Guidance on FBAR Penalties
The guidance provides procedures to ensure consistency and efficiency in the IRS’s administration of the FBAR compliance program.
Poor Recordkeeping Hurts Taxpayers: Problems and Preventions
Recordkeeping and attention to the letter of the law should pay off in avoiding lost deductions.
Expired Tax Provisions: No Relief in Sight?
It’s a good time to review which provisions might get a last minute reprieve and see what legislation is pending in Congress.
Tax Planning Businesses Can Do Before Year End
Here are some suggestions to help business clients reduce 2015 taxes by accelerating deductions into this year and delaying income until next year.
Should S Corporations Get Ordinary Loss Treatment for Losses on Subsidiary Stock?
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 Cautionary Case for Tax-Exempt Hospitals
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.
Tax Reform: Challenges of Broadening the Tax Base
For the past few years, the emphasis has been on lowering tax rates and broadening the base for revenue-neutral, comprehensive tax reform.
Are Your Clients Benefiting From Tax-Aware Investment Management?
Without a tax professional’s being actively involved in planning, the benefits of tax-aware management are unlikely to be achieved.
Paying the Price for Cadillac Coverage Under the Affordable Care Act
The PPACA added a new 40% nondeductible excise tax on high-cost health coverage, commonly referred to as the “Cadillac tax.”
Navigating SALT Nexus and Compliance for Not-for-Profits
Many not-for-profits do not know that the states in which they conduct business have many rules that may apply to them.
Highway Trust Fund in the Tax Reform Spotlight
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.
Attacking Transactions to Evade General Utilities Repeal
Temporary regulations prevent corporations from avoiding tax through the use of partnerships.
Is It Rent? That Depends on the Lease
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.
Don’t Miss This Opportunity to File Form 3115
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.
Tax Reform for 2015: One Step Forward, Two Steps Back?
The 114th Congress started with talk of comprehensive tax reform, but actions to date hint a different ending may be in store.