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
New York’s response to Wayfair: Storms on the horizon?
Passthrough entity taxes: The next workaround trend?
Tax accounting for businesses after the TCJA: Some widely applicable and lesser-known changes
Tax time travel: Securing relief from unforced errors, missed elections, and other mistakes
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.