Current developments in S corporations

This annual update covers recent developments, including court cases and selected administrative changes occurring in the 12 months ending March 2026.

Tax Court addresses disallowance of DRD and FTC

Tax Court disallows part of a taxpayer’s Sec. 245A dividends-received deduction and holds post–Sec. 965(c) amount must be included in formula to determine Sec. 245A(d)(1) foreign tax credit disallowance.

Transfer pricing treatment of acquired intangibles

After a cross-border merger or acquisition, related affiliates often integrate and use the acquired intangibles, such as new products or innovative features. To help executives manage the resulting transfer pricing risk, this article examines the treatment of acquired intangibles in post-acquisition related-party transactions.

Planning for domestication transactions

Foreign companies can realize benefits from establishing domicile in the United States if they observe structural and special rules and considerations.

Effect of the new pro rata share rules

Even though recent changes substantially reduced abuse concerns, U.S. corporate shareholders must still comply with the extraordinary reduction rules when deducting certain foreign dividends.

Tax implications of US residency for foreign nationals

Foreign entrepreneurs and others entering the United States, whether for short-term visits or permanently, should be mindful of the complex U.S. income tax and foreign information-reporting rules that may apply to them.

The new CFC tax landscape after OBBBA

H.R. 1, P.L. 119-21, known as the One Big Beautiful Bill Act, introduced significant changes to the controlled foreign corporation rules that affect U.S. taxpayers with foreign corporate interests. Two key amendments introduced under Section 70353 of the OBBBA are particularly noteworthy.

VAT challenges in AI product development

Artificial intelligence may incrementally become a product’s component until it crosses a threshold into being a digital service subject to value-added tax.

Rethinking burnout boundaries and client fit

Members of the AICPA Tax Practice Management Committee share their strategies for addressing staff stress and burnout, including finding the courage to disengage from problem clients.