Meal and entertainment expenses are deductible only if they satisfy strict requirements.
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TOPICS / PROCEDURE
Tax Planning; Tax Minimization
Next Filing Season Will Be Better: Due Dates Have a New Logical Order
The 2017 filing season will involve new due dates, a result of years of advocacy by the profession.
Seventh Circuit Holds That Taxpayer Filed Timely Tax Court Petition
The Seventh Circuit Court of Appeals reversed and remanded the taxpayer’s case back to the Tax Court after finding that the taxpayer, whose lawyers used a self-printed postal label, had met the timely mailing/timely filing requirement.
Special Per-Diem Rates for Travel Are Released
Business travelers have new per-diem rates to use in substantiating certain expenses.
New for 2016: Changes to Form 1099-INT and Form 1099-OID
Taxpayers will receive additional information relating to bond premiums on Forms 1099-INT and 1099-OID.
Duty of Consistency Precludes Taxpayers’ Argument
IRS was not barred from bringing a collection suit against the taxpayers by the 10-year statute of limitation.
IRS Explains How to Take PATH Act Depreciation Deductions
Because the PATH Act was enacted after many taxpayers had filed their 2014 returns, they may not know how to take advantage of tax changes.
Home Agency Reasonably Treated Workers as Independent Contractors
This case offers clarification for an employer looking to classify its workers as independent contractors.
Will “A Better Way” for a Confident America Lead to Tax Reform?
House Republicans issued a 35-page tax plan “Blueprint” promising to “deliver a better
way on tax reform.”
Limitation Period Extended Due to Preparer Fraud
Tax Court determined extended statute-of-limitation period applied to taxpayers’ returns because the preparer had prepared returns falsely or fraudulently to evade tax.
New Procedures for Amending Returns to Claim PATH Act Depreciation Changes
To help taxpayers take advantage of retroactive changes enacted late last year affecting Sec. 179 property and bonus depreciation, the IRS issued rules for filing returns to take advantage of these deductions.
Limitation Period Not Suspended Where Taxpayer Claims He Filed Hearing Request Late
The Tax Court rejected a taxpayer’s claim that, because he requested a collection due process hearing late, the 10-year collection period had expired.
IRS Changes Roth IRA Allocation Rules
The IRS eliminated the requirement that each disbursement from a designated Roth account that is directly rolled over to an eligible retirement plan be treated as a separate distribution from any amount paid directly to the employee.
Basket Contracts as Listed Transactions and Transactions of Interest
New notices provide greater detail on the types
of transactions intended to be covered
under basket contract rules.
House Republicans Offer ‘A Better Way’ for Taxes
This article summarizes and critiques the latest significant proposal for reform.
Tax Reform: Beyond Lowering Income Tax Rates
This column offers suggestions for comprehensive
and meaningful tax reform.
Worker Classification and the Evolving Service Delivery Model
Determining whether a worker is properly classified for tax purposes as an independent contractor or an employee is complex.
Practical Documentation of QRAs for the R&D Tax Credit
In the absence of records specifically created to document the research tax credit, taxpayers
often have to rely on estimates and an assortment of documents, interviews, and other evidence to substantiate expenditures that qualify for the research tax credits.
Final Rules Define Loss Importation Property
The IRS issued final rules that prevent taxpayers from transferring losses to corporations.
Medical Device Excise Tax: Moratorium Considerations and FAQs
This item discusses some frequently asked questions with respect to the medical device excise tax and the current state of the law.
INDIVIDUALS
Current Developments in Taxation of Individuals: Part 1
This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.
