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
Comprehensive List of Resources Related to the Taxation of Employee Benefits
This page provides a comprehensive listing of Tools and Aids in the area of employee benefits taxation.
Published on January 10, 2014
Tax Court Stops Taxpayers from Avoiding 40% Penalty by Conceding on Alternative Grounds
The Tax Court refused to grant partial summary judgment to a partner who had conceded his tax shelter case on grounds other than valuation in an attempt to avoid the 40% gross valuation misstatement penalty.
Published on March 26, 2013
Immediate Year-End Planning Opportunity for Existing CRTs
The immediate planning opportunity for CRTs is to harvest short-term and long-term capital losses. Here is how it works and what changed from earlier years.
Published on December 13, 2013
Tax Careers for CPAs
Tax Careers for CPAs explains what tax practice is and why it just might be the career for you.
Published on March 23, 2010
Congressional Subcommittee Hearing Centers on Expiring Tax Provisions
Witnesses told the House Ways and Means Select Revenue Subcommittee why particular tax breaks should be extended or made permanent in a hearing on April 26.
Published on April 27, 2012
Comprehensive Resources List for State and Local Taxation
This is a comprehensive list of resources including checklists, guides, archived webinars, and articles related to state and local taxation.
Published on March 06, 2014
Numerous Provisions Expire at Year End
Practitioners should be aware that dozens of credits and other tax incentives are expiring Dec. 31 and should prepare their clients accordingly.
Published on December 06, 2013
TaxEalert New Tax Planning Brochures to Inspire Year-Round Client Contact, AICPA Makes Recommendations to IRS on Guidanc...
Published on December 20, 2013
Supreme Court Resolves Circuit Split on 40% Gross Valuation Misstatement Penalty
The Supreme Court held that the 40% penalty for a gross valuation misstatement applied when the partnerships at issue had been determined to be shams that lacked economic substance, and, as a result, the partners’ outside basis in the partnerships was zero.
Published on December 05, 2013