Using Serial IRAs to Stretch the 60-Day Rule for IRA Rollovers
Article:
This item outlines steps that can be taken to stretch the 60-day IRA rollover window to 300 days without violating the 12-month rule.
Published on September 06, 2012
Taxation of Exchange Traded Notes
Article:
This item provides an overview of the structure of an exchange traded note and the current tax treatment of these instruments and an update on some of the guidance that has been issued related to taxation of ETNs
Published on July 13, 2012
Avoiding the Self-Rental Trap
Article:
This item gives a general background of the passive activity rules and the self-rental provision and addresses the consequences of a sale of an operating company when the self-rental property is retained.
Published on July 13, 2012
A Practical Guide to the Tax Issues of Investing in Master Limited Partnerships
Article:
The tax reporting related to publicly traded partnerships has become an increasingly significant issue facing the tax practitioner community.
Published on July 13, 2012
Adapting to the United Kingdoms New Remittance Basis Rules
Article:
There have recently been some radical changes in the taxation of certain taxpayers in the United Kingdom.
Published on July 13, 2012
Why U.S. Businesses Should Be VAT Aware
Article:
This item highlights awareness of the aspects of the VAT system that apply directly to overseas businesses so that they can seek professional advice at the correct time, thereby avoiding noncompliance and unexpected costs.
Published on May 03, 2010
Academic-Based VITA Programs
Article:
VITA programs sponsored by accounting programs provide valuable, free tax services to their communities.
Published on May 02, 2010
Texas Comptroller Provides Rules on the Texas Franchise Tax
Article:
A current movement in state taxation is the introduction of a gross receipts or modified gross receipts tax in place of a net income tax.
Published on May 02, 2010
Tax Consequences of the Rush for Natural Gas in the Appalachians
Article:
This item provides an overview of some areas of taxation that taxpayers and their advisers must consider to ensure the most favorable terms if their clients are approached by an energy company seeking a land lease and royalty agreement.
Published on May 02, 2010
Qualifying a Marital Deduction Trust as an Eligible S Shareholder
Article:
The marital deduction permits the estate of the spouse who dies first to claim an estate tax deduction for property passing to the surviving spouse if certain requirements are met.
Published on May 02, 2010
Proposed Preparer Penalty Regs. Released
Article:
Proposed regulations implement changes to the return preparer penalties in Secs. 6694 and 6695 and related provisions.
Published on May 02, 2010
Sec. 6511 Limitation Applies to Excise Tax Refund
Article:
In a case of first impression, the Court of Federal Claims has held that Sec. 6511(a) limits Sec. 4251 telephone excise tax refund claims to two years after the tax was paid.
Published on May 02, 2010
Applying AICPA Business Valuation Standards in Tax Practice
Article:
the AICPA issued Statement on Standards for Valuation Services (SSVS) No. 1, Valuation of a Business, Business Ownership Interest, Security, or Intangible Asset, effective for all engagements accepted on or after January 1, 2008. The new standards apply to any AICPA member, or a nonmember CPA practicing in a state
Published on May 02, 2010
IRS Issues New Rules on Allocation of Partnership Items
Article:
Proposed regulations under Sec. 704(c) provide that the Sec. 704(c) anti-abuse rule takes into account the tax liabilities of both the partners in a partnership and certain direct and indirect owners of such partners.
Published on May 02, 2010
Farm Bill Enacted over Presidents Veto
Article:
The Heartland, Habitat, Harvest, and Horticulture Act provides tax breaks for farmers, fuel credits, relief for parts of Kansas affected by storms in 2007, and a change in corporate estimated tax payments for 2012
Published on May 02, 2010