QSubs Included in Definition of S Corp. for Purposes of Sec. 291(a)(3)

Article:  In Vainisi, the Seventh Circuit reversed a decision in which the Tax Court held that the 20% interest expense reduction imposed by Sec. 291(a)(3) would apply to a qualified subchapter S subsidiary (QSub) bank even for its tax years following the third year after it converted from C corporation to
Published on September 01, 2010

Developments in Individual Taxation

Article:  This article covers recent developments in individual taxation. The items are arranged in Code section order
Published on February 28, 2013

Classification as a Statutory Employee

Article:  Statutory employee status may be beneficial for both an employee and his or her employer; however, an employee must meet specific requirements to qualify as a statutory employee. This article discusses the rules regarding statutory employee status set out in the Code and the regulations and how these rules have
Published on December 01, 2010

Current Developments in S Corporations (Part I)

Article:  This two-part article discusses in the S corporation area. Part I covers new tax laws, court cases, regulations, revenue procedures, and rulings on various S corporation administrative and operating provisions.
Published on April 17, 2012

Key Aspects of the New Tangible Property Regulations

Article:  Temporary regulations on expenditures to acquire, improve, and maintain tangible property significantly modify previous guidance and earlier proposed regulations.
Published on December 31, 2012