Uncertain Tax Position FAQs Posted
The IRS has posted a series of questions and answers (FAQs) about the new requirement for large corporations to report their uncertain tax positions.
Published on March 24, 2011
IRS Releases Proposed Regs on Series LLCs
The IRS released proposed regulations on the tax treatment of series LLCs and cell companies, proposing to treat the individual series or cells as separate entities for tax purposes.
Published on September 13, 2010
Corporate Equity Reduction Transaction Guidance Issued
The IRS issued proposed regulations governing the availability of NOL deductions that are attributable to corporate equity reduction transactions.
Published on September 17, 2012
IRS Releases Final Schedule UTP, Incorporates Changes
In two announcements, the IRS unveiled a number of significant changes to its plan to require certain business taxpayers to report uncertain tax positions on their tax returns and issued a final version of Schedule UTP.
Published on September 24, 2010
Annual PFIC Reporting Effective for 2013 Returns
Tax Section E-alert - Regulations recently released related to Passive Foreign Investment Companies (PFICs). These Regulations are relevant to CPAs who practice in the international tax area and clients of many CPAs who do not consider themselves as international tax practitioners.
Published on January 24, 2014
Schedule M-3 Filing Requirement Reduced for Entities Below $50 Million in Assets
The IRS announced changes in the filing requirements for Schedule M-3, Net Income (Loss) Reconciliation, for certain corporations and partnerships.
Published on May 10, 2013
Senate Passes Small Business Tax Relief
The Senate passed the Creating Small Business Jobs Act of 2010 (part of the Small Business Jobs and Credit Act, H.R. 5297) by a vote of 61–38, and sent it back to the House of Representatives.
Published on September 16, 2010
05-10-2013TaxEalertAICPA Addressing Challenging Tax Season, Client Reminders in the Tax Toolkit, Social Media for CPAs o...
Published on November 19, 2014
Small Business Stimulus Passes Congress
The House on Thursday passed the Small Business Jobs Act of 2010 (HR 5297) by a vote of 237–187, and sent it to the President, who is expected to sign the bill into law.
Published on September 23, 2010
IRS Addresses Tax Treatment of Tax-Free Exchanges of Annuities
The IRS has given taxpayers guidance on the tax treatment of exchanges of annuity contracts under Secs. 72 and 1035.
Published on June 28, 2011