Partner’s bonus was not a partnership distribution
A bonus payment to a hedge fund manager was payment for services outside her capacity as a partner.
Newsletter Articles
Tax Clinic
More positive news for taxpayers with pilot model supply expenses
Proposed bonus depreciation regs. provide answers, create new questions
Repeal of technical terminations: What will and will not be missed
Sec. 162(m) grandfather rule can apply to more than just performance-based compensation
TECHNOLOGY
Among CPA tax preparers, tax return preparation software generates often extensive and ardent discussion. To get through the rigors of tax season, they depend on their tax preparation software. Here’s how they rate the leading professional products.
DEDUCTIONS
Qualified business income deduction regs. and other guidance issued
The package includes final regulations, guidance on how to calculate W-2 wages, a safe-harbor rule for rental real estate businesses, and new proposed rules on the treatment of previously suspended losses.