Tax Planning; Tax Minimization

Topics

July 31, 2025

The enduring importance of determining tax ownership

Throughout nearly a century of case law and guidance, the benefits and burdens of ownership have remained the touchstone for claiming tax attributes of tangible property.

April 1, 2023

Improve fixed-asset management with technology

This item focuses on how to use technology to improve fixed-asset management.

May 1, 2021

The partner-to-partner attribution trap and the anti-churning rules

Taxpayers dealing with tax basis step-up transactions involving related parties or rollover equity interests should consider the application of the anti-churning rules to avoid unforeseen results.

April 15, 2021

Guide to expensing HVAC costs

This guide provides tax preparers an outline of questions to ask clients when evaluating HVAC repair costs.

December 1, 2020

Improving cash flow with loss carrybacks

This article discusses two planning areas related to NOL carrybacks: The decision whether to carry a
loss forward or back and planning strategies to increase the balance of the NOL carryback.

July 1, 2020

Farmers and real property trades or businesses can withdraw interest elections

Real property or farming trades or businesses can withdraw their decision to elect out of Sec. 163(j)’s business interest expense limitation for a 2018, 2019, or 2020 tax year.

June 1, 2020

Cost recovery changes in the TCJA

This article discusses changes to the law and IRS guidance issued in Rev. Proc. 2019-8 on how to elect to expense qualified real property and change the depreciation of certain assets to ADS.

May 1, 2020

Inflation adjustments affect small business limits, Sec. 179 expensing

Inflation adjustments for 2019 and 2020 may increase the number of taxpayers that qualify as a small business and the amount of costs that can be expensed under a Sec. 179 election.

April 13, 2020

Business interest expense election guidance for farming, real estate

Real property or farming trades or businesses can withdraw their decision to elect out of Sec. 163(j)’s business interest expense limitation for a 2018, 2019, or 2020 tax year, the IRS said in guidance.

April 1, 2020

A renewed chance to revisit old assets for repairs and maintenance expense

For the 2019 tax year, taxpayers and their accountants should seriously consider revisiting
repairs and maintenance when planning strategies for increased deductions.

February 1, 2020

Navigating tax changes with statistical sampling

When a tax department finds itself making burdensome determinations on a list of records, it may be time to consider a sampling approach.

June 1, 2019

Tax accounting for businesses after the TCJA: Some widely applicable and lesser-known changes

This item discusses certain TCJA changes to domestic provisions relevant to tax accounting.

January 1, 2019

Modification of variable prepaid forward contracts triggers gain realization

A Second Circuit decision may affect the analysis
of whether the modification of a derivative triggers gain or loss.

November 1, 2018

Solar panels: Basis and bonus depreciation

The allowance of depreciation and the energy credit
both depend on a taxpayer’s having basis in the property.

August 1, 2018

Inventory accounting for cannabis businesses: Sec. 280E and the impact of tax reform

Practitioners are more likely now than ever to be asked to consult with clients that may either be
considering or are currently involved, directly or indirectly, in a state-legal cannabis business.

May 1, 2018

Deducting deferred bonuses

Numerous rules and restrictions govern the timing
of deductibility of bonuses accrued in one year and paid in another.

April 3, 2018

IRS guidance addresses limitations on business interest expense

The IRS has issued initial guidance on the new rules governing the deductibility of business interest in Sec. 163(j), as amended by the Tax Cuts and Jobs Act of 2017.

February 1, 2018

Investment adviser’s inducement payments to shareholders are not intangibles

The IRS ruled that the inducement payments were otherwise deductible under Sec. 162 and were not capitalizable under Sec. 263(a).

October 1, 2017

Accelerating deductions with payroll tax accruals

This item focuses on how payroll tax accruals might be deducted in 2017 rather than 2018 without additional costs for the employer and no adverse tax consequences for the employees.

August 1, 2017