Tax Research Library - SiteMap - Parker Tax Pro Library

Parker Tax Pro Library Homepage Last updated: 2017, May 17
Total pages: 1000

10 pages
Tax Research Solutions - Parker Tax Publishing
Parker Tax Publishing - Professional Tax Research Solutions - Product Information
Parker Tax Publishing - Professional Tax Research Solutions - FAQ
Parker Tax Publishing - Professional Tax Research Solutions - About Us
Parker Tax Publishing - Professional Tax Research Solutions - Contact Parker
public 990 pages
Tax Research - Parker Tax Pro Library - In-Depth Tax Analysis
Tax Research Library - Parker Tax Pro Library - Sitemap
Tax and Accounting Research Solutions - CPA Client Letters - Parker Tax Publishing
Federal Tax Research - Parker Tax Publishing - Tax and Accounting News
Federal Tax Research Library - Parker's Tax Bulletin - May 2, 2017
Professional Tax Research Library - Client Testimonials - Parker Tax Publishing
Tax Research Software - Parker Tax Pro Library - Product
Tax Court Has Jurisdiction over Penalty Relating to Inconsistent Partnership Reporting.
Estate Can't Deduct Interest on Loan Used to Pay Estate Taxes.
Federal Circuit Vacates Claims Court Decision on Timing of Investment Scheme Loss; Couple Gets ...
Retired Police Officer Granted Hardship Waiver for Late Retirement Rollover.
Nonprofit Hospital Was a Corporation for Purposes of Calculating Interest Rate on Overpayments.
IRS Updates Automatic Accounting Method Change Procedures.
Questions Exist as to Whether CEO Willfully Failed to File an Accurate FBAR; Summary Judgment Denied
IRS Clarifies 2015 Changes to Section 179 Expensing and Bonus Depreciation.
Court Denies IRS Attempt to Reclassify Workers; Denies Taxpayers' Request to Recoup Costs.
Appeals Court Affirms Disbarment of Attorney by Tax Court.
Extensions of Variable Prepaid Forward Contracts Did Not Constitute a Sale of Property.
Trump Administration Releases Outline of Tax Reform Plan.
IRS Records of Workers' Income Tax Payments Were Discoverable by Employer.
Nursing Home Manager Liable for Penalties for Failing to Pay Over Payroll Taxes.
Wife Escapes Liability for Fraud Penalties with Respect to Husband's Illicit Business.
Individual's Claim of Exemption in Bankruptcy Did Not Shield EITC Refund from IRS Offset.
Individual Denied S Corporation Basis Increase for Unpaid Judgments on Real Estate Foreclosures.
Lawyers in Professional Limited Liability Company Subject to Self-Employment Tax.
Tax Organizations Call on Congress to Improve IRS Services to Tax Practitioners.
Jury Convicts Former CFO of Florida Resorts of Tax Offenses, Conspiracy, and Bank Fraud.
Court Rejects IRS Attempt to Recover Home Sale Proceeds from Debtor's Wife.
Proposed Revenue Procedure Addresses Changes Relating to New FASB Standards.
Administrative Tasks Don't Count Towards 39-Week Moving Expense Deduction Requirement.
Second Circuit Reverses Imposition of Accuracy-Related Penalty; IRS Did Not Obtain Supervisory ...
Nonresident Aliens' U.S. Summer Jobs Don't Qualify as "Away From Home"; No Deduction Allowed for ...
Charitable Deduction for Contribution of Airplane Interest Doesn't Fly with IRS.
Individual Can Ask Bankruptcy Court for Innocent Spouse Relief; Relief Not Limited to Tax Court.
Disbarred Attorney Isn't Subject to IRS Oversight With Respect to Tax Return Prep.
Taxpayers Did Not Have Unrestricted Right to Funds Fraudulently Acquired.
Taxpayer Had No Legitimate Expectation of Privacy in Records Held by CPA.
Obamacare Repeal Moves to House Floor; Ultimate Passage Uncertain.
Taxpayer Can Deduct Payments for Alternative Medical Care.
Russian Ruble's Collapse Didn't Result in Loss Windfall for Funds' Partner.
Nonresident Alien Not Entitled to Withholding Tax Refund on Backgammon Payout.
D.C. Circuit Shoots Down Preparer's Claim Relating to Suspension to Practice Before IRS.
Dentist Qualifies as Real Estate Professional; Rental Real Estate Losses Are Deductible.
Substance-Over-Form Doctrine Doesn't Authorize IRS to Reclassify Transfers from DISC to Roth IRAs.
Amicus Brief Couldn't Sway Supreme Court to Hear Bankruptcy Discharge Case.
IRS Gears Up to Report Unpaid Taxes to State Dept; Revocation or Denial of Passports Could Result.
District Court Bucks the Trend of Penalizing Estates for Relying on Expert's Advice.
Pursuant to Executive Order, IRS Won't Reject Returns That Don't Provide Health Insurance ...
OMB Directive Offers Interim Guidance on Regulatory Cap; Dearth of New IRS Guidance Continues.
How to Handle Missing or Incorrect Forms W-2.
Court Affirms Former Trucking Company CEO's 90-Month Prison Sentence for Tax Evasion and Bank Fraud.
Tie-Breaker Rule Prevents Grandmother from Claiming Grandkids as Dependents.
Payments by Failing S Corporation to Shareholder Were Distributions, Not Wages or Expense ...
Return Preparer Liable for Penalty After Failing to Perform Due Diligence.
Taxpayers Improperly Deducted Legal Fees Related to Former Employment as Negative "Other Income".
Engineering Company Fails Two-year Test for Exception to Percentage of Completion Accounting Method.
Doctor's Surgery Activities Can't be Grouped with Surgical Rental Business.
Tax Court Petition Received Eight Days After Deadline Nevertheless Treated as Timely Filed.
Accountant's Adoption of New Paperless Tax System Justified Client's Form 3115 Filing Extension.
RV is Dwelling Unit Used as Residence so Business-related Depreciation and Interest Deductions Denied
White House Moratorium on Issuing Regulations Affects Issuance of Proposed Partnership Audit Rules.
Court Rejects Attempt to Use Dissolved S Corp to Deduct Trust Fund Penalty Taxes.
IRS Changes Position on Claiming Childless EIC; Amended Returns May be in Order.
Proposed Regs Update Rules for Claiming Dependency Exemption and Other Tax Benefits.
Tax Court Finds No Financial Hardship Exception to IRA Early Withdrawal Penalty.
Accumulated Earnings Tax Applies Despite Corporation's Lack of Liquidity.
Company Not Entitled to Deduction under Code Sec. 83 for Stock Transferred to Officer.
IRS Provides Guidance on De Minimis Safe Harbor from Information Reporting Penalties.
IRS Announces that 2016 Filing Season Begins on January 23, 2017.
Financial Advisor Can't Use S Corp to Shield Himself from Self-Employment Taxes.
Steep IRS Penalties Put a Premium on Timely, Accurate 1099 Reporting.
CPA Sample Client Letter: Requirement to File Forms 1099.
Chief Counsel Questions Use of Electronic Signatures Where Not Specifically Authorized.
Prison Time Considered an "Absence Due to Special Circumstances" in Determining Dependency Exemption
Distribution from Decedent's IRA to Wife to Settle Suit with Stepson Is Subject to Tax and Penalties
IRS Failure to Issue Regs Precludes Donor's Use of Alternative Method of Substantiating Contribution
Wharton M.B.A. Expenses Deductible as Unreimbursed Employee Expenses.
IRS Extends Time to Request Automatic Consent for Changes Relating to Tangible Property Regs.
Top Tax Developments of 2016. (Parker Tax Pro Library)
Heirs Not Liable for Estate's Taxes as Trustees or as Personal Representatives.
Rollover Limit Precludes Waiver of 60-Day Requirement for Taxpayer's Second IRA Distribution.
Tax Court: Interest and Property Taxes Relating to Growing of Trees Must Be Capitalized.
Dot-Com Mogul Not Entitled to $112 Million Capital Loss from CARDS Transaction.
Combat-Injured Veterans Tax Fairness Act of 2016 Extends Statute for Veterans to Collect Refunds.
Standard Mileage Rates Decrease in 2017 for Business, Medical, and Moving Purposes.
Tax Benefit Rule Doesn't Apply to Inherited Farm Inputs Deducted in Year Paid and Year Used.
Chief Counsel's Office Discusses Options Where Portability Election Is Filed Late.
21st Century Cures Act Allows Small Employers to Offer Health Reimbursement Arrangements.
Temporary Regs Expand Preparer Due Diligence Requirements to Child Tax Credits.
Court Rejects Sunoco's $300 Million Refund Claim Relating to Fuel Mixture Credit.
Gift Arose from Merger of Family's Corporations; Case Remanded to Consider Challenges to IRS ...
Mortgage Modifications Qualify for Debt Forgiveness If Entered into Before January 1st.
IRS Finalizes Fee Increases for Taxpayers Entering Into Installment Agreements.
IRS's Own Evidence Supports Taxpayer's Mortgage Interest Deductions; Home Office Deduction Denied.
Proposed Regs Address IPIC Pooling for Dollar-Value LIFO Method of Accounting.
Doctor Subject to Payroll Tax Penalty for Paying Employees Before IRS.
Developer's Losses in Real Estate Downturn Don't Translate into Deductible Losses.
IRS Extends Deadlines to Furnish Health Coverage Information to Individuals.
Court Relies on Owner's Opinion of Property's Value to Determine Casualty Loss.
IRS Releases 2017 Retirement Plan COLA Amounts.
Decline of Estate's Stock Value Leaves Nothing for Executor; Federal Liens Take Priority.
Sovereign Immunity Bars Claims for Emotional Damages from IRS Misconduct.
IRS Reminds Practitioners to Renew PTINs for 2017.
Deferred Compensation Was Subject to Substantial Risk of Forfeiture Where Employer Provided ...
Modified Child Support Order Didn't Contradict Taxpayer's Claim That He Was Custodial Parent.
Failure to Make Debt Payments for 36-Months No Longer Triggers Deemed Discharge.
Taxpayer's Detailed Records Proved Loans Were Bona Fide.
Treasury Department Provides Advice on Maximizing Education Tax Credits by Proper Allocation of ...
IRS Issues Inflation-Adjusted Amounts for 2017.
Exchange of Property Between Related Parties Doesn't Qualify as a Like-Kind Exchange.
Republican Election Sweep Sets the Stage for Major Tax Changes in 2017.
Taxpayers Weren't Required to Include "Cash for Keys" Payment in Ordinary Income.
Wife Who Spent Time Caring for Disabled Son Was Not a Responsible Person.
2016 Year-End Tax Planning for Businesses.
In-Depth Article: 2016 Year-End Tax Planning for Individuals.
CPA Client Letter: 2016 Year-End Tax Planning for INDIVIDUALS.
CPA Client Letter: 2016 Year-End Tax Planning for BUSINESSES.
IRS Limits Application of Debt/Equity Regs, Expands Exceptions for Ordinary Business Transactions.
Investigation of Father's Mysterious Death Was a Hobby, Not a Business.
Temp Regs Allow More Time to Make Disaster Loss Elections.
Loss from Sale of Equipment Used to Generate DPGR Didn't Affect QPAI.
Trust Can't Deduct Charitable Contributions Where Will Did Not Explicitly Allow Them.
Social Security Wage Base to Increase Sharply in 2017.
New Overtime Rules Go Into Effect December 1st; What Tax Practitioners Need to Know.
Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; Counties in 38 States ...
Incompetent Legal Counsel Doesn't Excuse Estate from Late Filing Penalties.
IRS Updates Per Diem Rates for Travel Away From Home.
Estate Could Deduct Theft Loss Decedent's LLC Suffered in Madoff Ponzi Scheme.
IRS Finalizes Regulations on Internal Use Software for Purposes of the Research Credit.
IRS Updates Guidance on Unnecessary QTIP Elections to Address DSUE Portability.
IRS Revamps Partnership Disguised Sale Rules and Partnership Liability Regs.
IRS Rejects LLC Member's Argument That Income Attributable to Capital Isn't Self-Employment Income.
Pastor's Vow of Poverty Didn't Insulate Him from Federal Income Taxes.
IRS Can Abate Penalties Where Taxpayer's Dementia Causes Failure to File Returns.
No Foreign Tax Credit Where Sisters Couldn't Prove Virgin Island Residency.
Teacher Entitled to Deductions for Home Office Used for Administrative Assignments.
Settlement for Disability Benefits Not Excludable as Damages for Sickness.
IRS Finalizes Regulations Reflecting Same-Sex Marriage Cases and Rulings.
Royalties Are Ordinary Income Where Doctor Retained Rights in Patents.
Purported Like-Kind Exchanges Involving Sale-Leasebacks Didn't Meet Section 1031 Requirements.
Gross Receipts from Taxpayer's Construction Activities Qualify as DPGR.
Attempts to Avoid Land Use Restrictions Betrayed Intention to Develop Property for Sale; Gain ...
IRS Releases Audit Technique Guide on Capitalization of Tangible Property.
Taxpayers' Withdrawal of Excess IRA Contributions Weren't Timely; Seventh Circuit Upholds Penalty.
IRS Addresses Retroactive Application of Bonus Depreciation Extended by PATH.
Payment of S Shareholder's Personal Expenses Were Loan Repayments, Not Wages.
Partnership Not Entitled to Capital Gain Treatment on Forfeited Deposit.
Ninth Circuit Affirms Home Builder's Use of Completed Contract Method for Planned Community.
IRS Finalizes PTIN Fee Reduction.
D.C. Circuit: Tax Court Erred in Its Analysis of U.S.-France Totalization Agreement.
Sample CRAT Provision Provides Alternative for Satisfying Probability of Exhaustion Test.
IRS Issues Procedures for Electing to Apply New Partnership Audit Regime.
Taxpayer Is Liable for Self-Employment Taxes Rather Than His Bankruptcy Estate.
Proposed Regs Increase User Fees for Installment Agreements.
Court Voids Penalties for Late Filing Where Taxpayer Had a String of Bad Luck.
Consultant Had Accounting Method Change; Reliance on CPA Helps Him Avoid Penalties.
Retired Air Force Pilot Couldn't Deduct Start-Up Costs of Nascent Aviation Business.
Chief Counsel's Office Focuses on Whether Companion Sitters Are Household Employees.
Injured Vet Was Not Financially Disabled; Statute Had Run on Collecting Tax Refund.
Tax Court Grants Drug Store Significant Latitude in Structuring 1031 Exchange.
New IRS Procedure Lets Taxpayers Self-Certify Eligibility for Waiver of 60-Day Rollover Requirement.
Accounting Manager Could Deduct Costs of Pursuing Executive MBA Degree.
Prop. Regs Aim to Close Loopholes on Valuation of Certain Transferred Interests.
Prop. Regs Address New Reporting for Qualified Tuition Deduction and Education Credits.
Two Cases Illustrate Importance of Material Participation for Real Estate Professionals.
Income from Exempt Organization's Inherited Rental Properties Won't Lead to UBTI.
Taxes Not Dischargeable in Bankruptcy Where Debtor Filed Return 7 Years Late.
Seventh Circuit Reverses Tax Court; Taxpayer Not Entitled to Abatement of Interest.
IRS Eliminates Requirement to Submit Copy of Section 83(b) Election With Returns.
Couple Can Deduct Most of Wages Paid to Children Doing Jobs for Family Machinery Business; No ...
Deduction for Section 167(h) Geological and Geophysical Expenses Applies to Non-Owners Also.
Online Gambling Accounts with Offshore Sites Didn't Require FBAR Reporting.
No Casualty Loss Deduction Allowed for Payments to Repair Collapsed Retaining Wall.
Couple Can't Deduct Losses from Amway Distributorship.
Rollover Requirement Not Waived Where Taxpayer Used IRA Funds as Short-Term Loan.
Guidance Issued on NAV Method of Accounting for Money Market Funds.
Worker Not Entitled to Damages Under Tax Code for Alleged Employment Misclassification.
IRS Rules that Birth of a Second Child was "Unforeseen Circumstance" for Purpose of Section 121 ...
Lawyer's Automobile Restoration Activity Not a Hobby.
IRS Rejects Estate's Attempt to Retroactively Designate Trusts as IRA Beneficiaries.
Abandonment Loss Allowed for Leasehold Improvements Upon Couple's Eviction from Store.
Final and Temp Regulations Issued on Section 501(c)(4) Reporting Requirements.
Proposed Premium Tax Credit Regs Address Opt-Out Payments, Credit Eligibility.
Tenth Circuit Affirms Tax Court; Passive Participation in Oil and Gas Ventures Is Subject to ...
Texas Tycoon Liable for Over $1 Billion to IRS for Using Offshore Entities to Avoid Taxes.
IRS Clarifies Term "Taxpayer" for Purposes of Excluding Cancellation of Debt Income.
Taxpayer Couldn't Deduct Loss for Forfeited Proceeds from Insider Trading.
Debt on Real Property Primarily Held for Sale to Customers Not Eligible for Exception from COD ...
Sale of Marital Businesses to Former Spouse Qualifies for Nonrecognition Treatment.
IRS Addresses Calculation of Taxable Portion of Phased Retirement Payments.
IRS Reduces Application Fee for Exemption Requests Submitted on Form 1023-EZ.
Doctor Couldn't Group Airplane and Medical Activities; Losses Disallowed.
Tax Preparer Escapes Fraud Penalty; Requisite Intent Not Found.
Taxable Income Includes Cash Rewards and Premium Reimbursements under Wellness Programs.
Taxpayer Met Requisite Hours to be a Real Estate Professional; Passive Loss Rules Not Applicable.
Tax Payment on Behalf of Ponzi Scheme Inventor Must Be Returned by IRS.
Bankruptcy Estate, Not Shareholders, Liable for Taxes from Sale of S Stock.
Post-Retirement Distributions under Deferred Comp Plan Subject to Self-Employment Taxes.
Owner Had Reasonable Basis for Classifying Home Care Workers as Independent Contractors.
District Court Sides with House Republicans, Rejects Obamacare Cost-Sharing Reimbursements.
$11 Million Paid to Officer-Shareholders of Closely Held Contracting Business was Reasonable Compensation.
Third Circuit: All-Events Test Allows Business to Deduct Unredeemed Loyalty Perks.
California Can't Compel Controversial Nonprofit to Disclose Donor Information.
Temp Regs Clarify Self-Employment Tax Obligations Where a Partnership Owns a Disregarded Entity.
IRS Updates List of Automatic Changes for Accounting Methods.
Court Looks to NOL Carryover Rules to Deny Taxpayer's Use of Late Husband's AMT Credit Carryover.
Former Tax Court Judge and Husband Indicted for Tax Evasion, Filing False Returns, and Impeding an Audit
Loan Guarantees to Self-Directed IRA Results in Deemed Distribution and Penalties to Owners.
Senate Finance Committee Drops Tax Preparer Regulation Provision from Bill on Taxpayer Protections.
Proposed Regs Clarify Amount and Timing of Deemed Distributions from Adjustments to Stock Rights.
Estate Not Liable for Additional Taxes in Split-Dollar Insurance Arrangement.
Taxpayer Granted Refund where IRS Substitute Returns Failed to Account for Foreign Taxes Paid.
Income from Sporadic Sales of Scrap Metal Not Subject to Self-Employment Tax.
Temp and Prop Regs Combat Corporate Inversions and Earnings Stripping.
Seventh Circuit Reverses Tax Court, Allows Losses from Horse-Racing Activity.
Recently Released Blue Book Addresses Questions Posed by the New Partnership Audit Regime.
IRS Provides Transition Relief Regarding Changes to the Work Opportunity Tax Credit.
Payments to Related Company for Product Development Were Constructive Dividends to Common Owner.
No Theft Loss Where Couple Can't Prove Year They Abandoned Arbitration Claim.
IRS Issues Proposed Regs on Estate Basis Reporting; AICPA Pushes for Deadline Extension.
IRS Finalizes New Form 8971 for Reporting Estate Distributions; Delays Filing Deadline to March 31.
Taxpayer Escapes Penalty Where Self-Directed IRA Funds Went Straight to Investment.
Hollywood Set Designer Entitled to Deduct Expenses as an Independent Contractor.
IRS Agent Erred in Applying Hobby Loss Rules to "Productive Use" Test for Like-Kind Exchange.
Sales of Real Property are Sporadic, Therefore Loss on Foreclosure Is Capital.
Employer Guidance Issued on Retroactive Increase in Excludable Transit Benefits for 2015.
Sixth Circuit Reverses Tax Court; Foreign Currency Option Can be a Foreign Currency Contract.
IRS Withdraws Controversial Prop Reg Allowing Nonprofits to Collect Donor SSNs.
CPA Client Letter: Requirement to File Forms 1099.
In-Depth: 1099 Reporting Takes on New Prominence as Sharp Penalty Increases Take Effect.
CPA Client Letter: 2015 Tax Extenders (PATH) for Individual Taxpayers.
CPA Client Letter: 2015 Tax Extenders (PATH) for Business Taxpayers.
Congress Permanently Extends Numerous Tax Provisions (PATH) Including Increased Section 179 Expensing and Enhanced Child Tax Credit.
IRS Extends Deadline for Applicable Large Employers to Report Health Coverage Information.
Top 15 Tax Developments of 2015. (Parkers Tax Library)
No Plug-in Electric Vehicle Credit Where Golf-Cart Wasn't Delivered in Appropriate Tax Year.
No Loss Allowed for Expired Contract Where Business Continued as Normal.
Pending Federal Income Tax Refunds Are Includible in Gross Estate.
IRS Addresses Employer Payment of Employee Coverage Provided Under a Spouse's Group Health Plan.
Discharge of Corinthian College-Related Student Loans Won't Result in Taxable Income.
IRS Finds Fault with Taxpayer's Statistical Sampling Study; Structural Component Disposition Loss Reduced.
Taxpayer's Care of Terminally Ill Wife Is Reasonable Cause for Failure to File Return and Pay Tax.
IRS Increases Tangible Property De Minimis Safe Harbor Threshold for Taxpayers Without an Applicable Financial Statement.
2015 Saw Significant Tax Law Changes, But Tax Extenders Remain up in the Air.
Sports Team Didn't Produce Game Broadcasts, Wasn't Entitled to DPGR Deductions.
Court Rejects IRS Arguments Aimed at Limiting Taxpayers' Real Estate Losses.
IRS Issues Safe Harbor Method for Restaurant and Retail Store Remodeling Projects.
Acquisition Cost of Internet Domain Names Must Generally be Capitalized and Amortized.
Fifth Circuit Affirms Bright Line Test on Use of Completed Contract Method by Developers.
In-Depth: Bipartisan Budget Act Avoids Government Shutdown, Replaces TEFRA Partnership Audit Procedures.
In-Depth Article: CPA Year-End Tax Planning for Businesses 2015.
In-Depth Article: CPA Year-End Tax Planning for Individuals 2015.
IRS Goes After Law Firm for Tax Shelter Transactions, Assesses Over $11 Million in Penalties.
Taxpayer's Cancer Doesn't Negate Liability for Tax on Discharged Debt Income.
IRS Issues Proposed Regs Applying Supreme Court Decisions on Same-Sex Marriage.
Eleventh Circuit Rejects Penalties Relating to Voluntary Disclosure under Amnesty Program.
IRS Releases Retirement Plan COLA Amounts for 2016.
Ninth Circuit Rejects Assignment of Noncompete Income to Partnership that Contributed No Value to Joint Venture.
Modified Obamacare Definition of "Small Business" Indirectly Affects Cafeteria Plans.
CPA Client Letter: Year-End Tax Planning for 2015 for Individuals.
CPA Client Letter: Year-End Tax Planning for 2015 for Businesses.
IRS and SSA Release Inflation-Adjusted Amounts for 2016; Social Security Wage Base and Many Other Amounts Unchanged.
Cigarette Reseller Not Eligible for Small Reseller Exception; UNICAP Rules Apply.
Company's Production of Unit Doses of Medicine Qualifies for Section 199 Deduction.
IRS Begins Launching 2015 Draft Forms and Instructions; What's New for 2015.
Multiple Poker Tournament Buy-Ins Aren't Aggregated for Form W-2G Reporting.
Economic Substance Doctrine Can Be Applied to Disallow Foreign Tax Credits.
Internal Revenue Service Issues Annual Per Diem Guidance.
IRS Eliminates Foreign Goodwill Exception for Tax-Free Transfers of US Intangibles.
Taxpayer's Debt Was Discharged Years Earlier than Form 1099-C Indicated.
Fifth Circuit Agrees That Custom Homebuilder Must Capitalize CEO's Salary.
No Fraud Found Where IRS and Taxpayer's CPA Turned Their Heads on Improper Inventory Reporting.
Guidance Addresses Retroactive Application of Bonus Depreciation Extended by TIPA.
Late Filings by Individual Partners Preclude Abatement of Penalty for Late Form 1065.
Taxpayers Can Reduce Value of Gift for Assumption of Code Section 2035(b) Estate Tax Liability.
Increase to a Reserve Account Does Not Satisfy the Bad Debt Charge-Off Requirement.
Unauthorized Incorporation of Business Precludes Deduction of Business Expenses on Form 1040.
Prop. Regs Clarify Calculation of Code Sec. 6707A Penalties on Reportable Transactions.
IRS Will No Longer Accept $100 Million Checks Beginning in 2016.
IRS Proposed Regs Require Healthcare Plans to Provide Hospital Coverage.
Court Absolves Poker-Playing President for Corporation's Failure to File Forms W-2 and W-3.
IRS Issues Temporary and Proposed Regs Preventing CFCs from Using Partnerships to Defer U.S. Taxation.
IRS Has an Unlimited Time to Assess Excise Tax When Form 5330 Is Not Filed.
Taxpayer Can't Use Principal-Residence Exclusion to Reduce Gain from Reacquiring Home.
Proposed Regulations Address Tax on Gifts and Bequests from Expatriates.
Donee's Liability for Donor's Unpaid Gift Tax Is Capped at Gift Amount, Fifth Circuit Holds.
Steep Increases in Information Reporting Penalties Set to Take Effect in January.
In-Depth: IRS Issues Proposed and Temporary Regs on Domestic Production Activities.
Value of Identity Protection Services Excludable from Gross Income.
Abused Wife with Mental and Physical Health Issues Qualifies for Innocent Spouse Relief.
9th Circuit Denies Easement Deduction Where Mortgage on Property Wasn't Subordinated to Easement.
Taxpayer's Statute of Limitations Isn't Extended by Third Party's "Intent to Evade Tax".
Partners' "Sweat Equity" Translated into Capital Gain, Not Ordinary Income.
Tax Court Denies Deductions for U.S. Legal Education of Attorney Licensed Abroad.
Tax Court Limits Charitable Contribution Deduction for Remainder Interests in CRTs.
Car Rental Company Can't Take Casualty Loss Deduction for Totaled Vehicles.
Farming Corporation Can Deduct Field-Packing Materials in Year Purchased.
Couple Materially Participated in Charter Boat Business; Losses Not Passive.
In-Depth: IRS Issues Final Regs on Determining Distributive Share When a Partner's Interest Changes.
IRS Issues Prop. Regs. Regarding Allocable Cash Basis and Tiered Partnership Items.
Ninth Circuit Reverses Tax Court: Unmarried Co-owners Apply Mortgage Interest Limitation on Per-Taxpayer Basis.
IRS Ends Automatic Extension of W-2 Information Returns to Combat Identity Theft.
Congress Swaps Partnership and C Corp Deadlines, Overturns Supreme Court Decision.
IRS Announces Changes to Employee Plans Determination Letter Program.
Interest on S Corp Tax Overpayments Is Calculated at Corporate Rate Rather Than Higher Individual Rate.
Land Parcels' Modifiable Boundaries Defeats Deduction for Conservation Easement.
Tax Court Holds Entire Consolidated NOL Is Reduced under Code Sec. 108.
IRS Removes Requirement to File Copy of Code Sec. 83(b) Election with Returns.
Taxpayers Can't Change to Closed Transaction Method of Accounting for Buy-Out Payments.
Final Section 482 Reg Invalid; Fails to Satisfy "Reasoned Decision Making" Standard.
IRS Provides Economic Performance Safe Harbor for Ratable Service Contracts.
Prop Regs on Disguised Payments for Partnership Services Focus on Importance of Entrepreneurial Risk.
"Welfare Benefit Fund" Was Really a Split-Dollar Insurance Arrangement.
Court Rejects IRS Attempt to Put S Corporation on Cash Method; Disallows Deductions for Fossil Contributions.
Pot Dealer's Appeal Goes Up in Smoke; Expenses of Medical Marijuana Business Aren't Deductible.
Tax Court Fails to Properly Apply "Stern Test", Must Consider Economic Substance in Analyzing Stock Sale.
Taxpayer's Return Did Not Offer the Necessary "Clue" to Limit Statute to Three Years.
Section 752 Regs Don't Determine If Debt Is Recourse or Nonrecourse When Characterizing Income on Foreclosure.
Tax Court Rejects Diabetic Taxpayer's Attempt to Avoid Penalty on Early Retirement Distribution.
In-Depth: IRS Issues Proposed Regulations for Section 529A ABLE Programs.
Taxpayers Can't Use DISC to Disguise Excessive Contributions to Roth IRAs.
Losses in Pump-and-Dump Stock Scheme Are Capital, Not Theft, Losses.
In-Depth: Supreme Court Upholds Premium Tax Credits to Individuals in States with Federal Exchanges.
IRS Applicable Federal Rates July 2015.
Filing the Wrong Withholding Tax Return May Still Start Assessment Period.
Eighth Circuit: Tax Return Filed with Head-of-Household Status Is Not a "Separate Return".
Proposed IRS Regulations Address Aggregation of Basis in Corporate Stock Distributions.
In-Depth: Temp Regs Block Corporations from Using Partnerships to Avoid Recognizing Gains.
Expenses for Lawsuit against Condo Homeowner's Association Are Partially Deductible.
11th Circuit Rejects Estate's Attempt to Dodge Code Sec. 642(g)'s Bar on Double Deduction.
Taxpayer Takes a Hit for Collecting Salary from Business Started with Self-Directed IRA.
In-Depth: IRS Finalizes Estate and Gift Tax Exclusion Portability Regulations.
Transfer of Assets to Wholly Owned Corporation Not a Sale; Capital Gains Treatment Denied.
Penalties Paid to Employee by Employer for Delayed Final Paycheck Are Not FICA Wages.
S Corp Incurs Hefty Tax Penalties for Failure to Report Welfare Benefit Fund on Form 8886.
IRS Extends Time to File Forms 3115 for Some Fiscal Year Taxpayers and Tweaks Earlier Guidance.
Tax Court: Gain from Sale of Land Held for Development was Ordinary Income.
Tax Court: Lackluster Attempts to Rent Vacation Condo Precludes Deductions.
IRS: Registered Tax Return Preparer (RTRP) Test Fee Refunds – Frequently Asked Questions.
IRS to Refund Registered Tax Return Preparer Test Fees.
IRS to End Section 4980D Healthcare Penalty Relief on June 30.
Tax Court: Defective Change in Accounting Method Can't Be Reversed Years Later without IRS Consent.
Lump-Sum Payment toward Lessor's Construction Costs Was Rental Income in Year Received.
CPA Incorrectly Claimed Basis Step-Up for Shares Transferred to Nonresident Alien Wife.
Tax Court: Ongoing Litigation Precludes Deduction of Casualty Loss from House Fire.
Flower Retailer's Plan to Donate Profits Failed "Operational Test" for 501(c)(3) Status.
Charitable Tax Deduction Permitted for Bargain Sale of Property to Retirement Home Developers.
IRS Issues Proposed Regs Clarifying Code Section 1022 Carryover Basis Rules.
Portion of Disability Retirement Payments Based on Years of Service were Taxable.
Long Delay in Loan Enforcement Didn't Establish Taxpayer had Cancellation of Debt Income.
IRS Addresses Application of Preparer Penalties in Scenarios Involving Amended Returns.
IRS Updates Designated Private Delivery Services for Timely Filing Rule.
Taxpayer Can't Deduct Back-Alimony Paid Pursuant to State Court's Final Judgement.
Taxpayer Can't Claim Former Foster Son's Daughter as Qualifying Child.
IRS Clarifies Timing of Refund Claims for Foreign Tax Deductions and Credits.
National Football League Abandons Tax Exempt Status.
IRS Rules on Tax Consequences of "Triple Drop and Check" Reorganizations.
Tax Court - Operating Agreement for Oil and Gas Interests Created Partnership.
First Circuit Upholds 40% Penalty for Grossly Overvalued Historic Preservation Easement.
Senate Finance Committee Unanimously Approves Changes to Section 529 Plans.
IRS Announces Health Savings Accounts (HSA) Inflation Adjustment Amounts for 2016.
Rural Doctor Received Cancellation of Debt Income Stemming from Forgiveness of Incentive Loans.
Dividends to Insurance Policyholders were Properly Deducted in Year Guaranteed.
IRS Rules Proposed Disclaimers of Gifts from Deceased Wife were Qualified Disclaimers.
Eleventh Circuit Upholds Convictions in Stolen Tax Refund Check Scheme.
Taxpayer Can't Claim Nonresident State Taxes on Partnership Income as Above-the-Line Deductions.
Accrued Vacation and Sick Leave Payment Upon Retirement Not Excludable as Worker's Comp.
Tax Court: Travel Time Puts Taxpayer Over the Top for Real Estate Professional Status.
In-Depth: Allocation of Tax Credits to Minority Partner Deemed a Disguised Sale.
IRS Relies on Self-Rental Rule to Treat S Corp's Rental Income as Nonpassive.
IRS Provides Penalty Relief to Taxpayers Affected by Erroneous Forms 1095-A.
Shareholders Benefitting from Asset Transfer Only Partially Liable for Unpaid Taxes.
IRS Fails to Follow 3-Step Process for Levying Retirement Account, Must Reconsider Collection Alternatives.
Construction Superintendent Cannot Deduct Long Commutes to Jobsites as Travel Expenses.
IRS Issues Temporary Regulations on Research Credit Allocation for Controlled Groups.
IRS Clarifies Limitations Period for Assessing Preparer Penalties for Amended Returns.
Tax Court: Support Payments Contingent on Homeschooling Child Treated as Alimony.
Couple Gets $1.4 Million in Gift Tax Exclusions for Transfers to Family Trust.
Final IRS Regs Clarify Deduction Limitation for Compensation in Excess of $1,000,000.
Restaurateur's Attempt to Pin $1.6 Million Omission on Tax Accountant Fails.
Taxpayer's Betrayal of Friend Leads to $7.8 Million Tax Bill.
Nonemployee Compensation in Tax Shelter Scheme was Not a Return of Capital.
The Tax Court held Minority Shareholders Liable as Transferees for Corporate Taxes.
Not a Hobby: Tax Court Disregards Horse Farm's Staggering History of Losses.
Tax Court: Doctor's Bonus from Wholly Owned Surgical Center Not Reasonable.
Good-faith Reliance on Attorney Absolves Retiree of Sham Transaction Tax Penalties.
Formerly Passive S Corp Owner Materially Participates in Loss Year, Reaps $5.2 Million Tax Benefit.
Dude Ranch Shareholders Liable for Unpaid Corporate Taxes after Liquidation Scheme Collapses.
Fifth Circuit Allows a Nearly $100 Million Ordinary Loss for Pilgrim's Pride.
IRS Issues Proposed Rules on Winnings from Electronic Slot Machines.
CPA Sample Client Letter: Reporting Gambling Winnings and Losses.
Bartender's Meticulous Records Defeat IRS's Claim of Unreported Tip Income.
IRS Proposes "Next Day Rule" for Changes in Consolidated Group Membership.
Portions of Refundable State Tax "Credits" Were Includable in Federal Income.
Eight Circuit Rejects Like-Kind-Exchange Structured to Avoid Related Party Restrictions.
An In-Depth Look: IRS Releases Detailed FAQs Explaining Repair Regulations.
Inventor's Conspiracy Theories Can't Support Claim of Patent Infringement Theft Loss.
IRS Employs "Substance Over Form" to Deny Charitable Deductions in Partnership Transaction.
Tax Court: No Hobby Loss Limits for Inherited Hobby Shop.
Proposed Rev. Proc. Clarifies Employee Consent Procedures for FICA Tax Refunds.
Tax Court Sinks Riverboat Pilot's Tax Avoidance Scheme.
Pending Dispute Over Estate Proceeds Precludes Charitable Tax Deduction on 1041.
IRS Provides Transition Relief from Staggering $36,500 per Employee Healthcare Penalty.
IRS Ends Confusion Over Form 3115 Requirements, Provides Relief to Small Businesses.
Taxpayers With Incorrect Tax Information On IRS Form 1095-A Urged To Delay Filing.
2015 Luxury Vehicle Depreciation Limits and Lease Inclusion Amounts Announced.
Corporate Director Cannot Seek Contribution from CFO for Withholding Tax Penalties.
Burst Water Pipe Helps Taxpayers Avoid Accuracy-Related Penalty.
Tax Court: Dependency Exemption Stands, Daughter Not Married under Common Law.
How to Handle Missing or Incorrect Forms W-2 and 1099.
Client Funding Prevents Engineering Firm from Claiming Research Credit.
No Capital Gain Treatment for Properties Purchased at Tax Auctions for Quick Resale.
IRS Clarifies Confusion Over Form 3115 Filing Requirements And Small Businesses.
Tax Court Rejects Taxpayer's Attempt to Prioritize Alimony Over Child Support.
Tax-Turtle Taxpayer Can't Deduct Travel Expenses.
AICPA Addresses Escalating Concerns Surrounding Repair and Capitalization Regs.
Bankruptcy Court Prorates Tax Refund Between Debtor and Bankruptcy Estate.
IRS Fails to Provide New Accounting Method "Change Numbers" in Form 3115 Instructions.
Son Could Deduct Mortgage Interest as Equitable Owner of his Mother's House.
IRS Updates and Clarifies Procedures for Accounting Method Changes.
No Foreign Earned Income Exclusion for Taxpayer with Multiple U.S. Residences.
Tax Court: Payments for Egg Donations are Taxable Compensation.
An In-Depth Look: Proposed IRS Regs Clarify Research Credit for Internal Use Software.
IRS Announces Penalty Relief Relating to Premium Tax Credit Advance Payments.
Late Filed 1040s are Not "Returns" Under Bankruptcy Discharge Exception.
Money Services Business Not a Bank; Tax Write Off of Bad Securities Denied.
No Refund Available for FICA Taxes on Compensation Deferred but Never Received.
Tax Court Clips Attorney-Pilot's Wings, Disallows Nearly 80 Percent of Flight Expenses.
Fifth Circuit Upholds Constructive Receipt of Stock Redemption Proceeds.
IRS Releases Employer Guidance on Retroactive Increase in Excludable Transit Benefits.
Ex- CPA Tax Protester Slammed With Fraud Penalty and $25,000 Sanction.
Third Circuit Denies Capital Gain Treatment of Oil and Gas Lease Bonus Payments.
In-Depth: As Tax Deadline Approaches, Stakes Remain High on 1099 Reporting.
CPA Client Letter: Requirement to File Forms 1099.
IRS Releases Guidance on Tax Preparer Best Practices for Determining ACA Penalties.
IRS Chief Counsel: Government Entities Can Allocate Sec. 179D Deduction to Designers.
First-Time Homebuyer Tax Credit Denied Due to Timing of Seller-Financed Contract.
Bankrupt Payroll Processing Company Cannot Reclaim Funds Transferred to IRS.
Disabled Coast Guard Veteran Can't Exclude Retirement Payments from Income.
IRS Clarifies Who Gets Mortgage Interest Deductions in Three Nettlesome Scenarios.
IRS Announces 2015 Filing Season to Begin on January 20, 2015.
Tax Court Weighs Effects of Landlord's Disability in Determining "Real Estate Professional" Status.
Taxpayers' Lodging Expenses Allowed; New York Apartment Was Not Tax Home.
Top 10 Tax Developments of 2014: Drama, Confusion and Eleventh Hour Decisions.
Absentee Owner and President of Corp Was "Responsible Person" For Payroll Taxes.
Ninth Circuit Rejects Valuation of Partnership Interest Based on Hypothetical Asset Sale.
CPA Client Letter: 2014 Year End Tax Planning for Businesses Post TIPA.
CPA Client Letter: 2014 Year End Tax Planning for Individuals Post TIPA.
IRS: Reflective Roof Installed in Connection with Solar Panels Qualifies for Energy Credit.
IRS Issues 2015 Standard Mileage Rates for Business, Medical and Moving.
New Law Provides Tax-Favored Savings Plans for Disabled Individuals.
Free CPA Client Letter: Regarding 2014 TIPA For Businesses.
Free CPA Client Letter: Regarding 2014 TIPA For Individuals.
Tax Extender Bill Leaves Five Tax Breaks in the Dust.
In-Depth: Tax Extenders Bill Passes Congress, President Expected to Sign into Law.
Tax Losses on Vacation Home Rental Limited Because of Excessive Personal Use Days.
IRS Grants Extension to Exclude Income from Discharge of Indebtedness.
IRS Abused Discretion in Conditioning Installment Agreement on Filing Tax Lien.
A Quick Look: Final IRS Regs Minimum Essential Coverage Requirement for Individual Mandate.
IRS Issues Guidance on Exclusion for Employer-Provided Transit Smartcards.
Tax Court Erred in Treating Sale of Interest in Litigation as Ordinary Income.
Construction Company Can Deduct Motocross Racing Expenses of Owner's Son.
An In-Depth Look: House Passes Tax Extenders Bill, Possibly Breaking Year-Long Impasse.
Ninth Circuit Reverses Tax Court: Partners Cannot Selectively Opt Out of TEFRA Proceedings.
Software Licensing Arrangement Qualifies for Domestic Production Activities Deduction.
IRS Regs on Failure to File Gain Recognition Agreements Relaxes Standards for Penalty Relief.
IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers - Provides Transition Rule.
Expert Trainer's Involvement in Thoroughbred Venture Helps Taxpayers Avoid Hobby Classification.
Proprietor of a Residential Glass Business Failed to Establish He Was a Real Estate Professional.
Net-Worth Method Used to Support Fraud Determination Against Surf Shop Owners.
IRS: S Corp's AAA Resets to Zero Following Post-Termination Transition Period.
Supreme Court to Review Obamacare Insurance Subsidy Case in Wake of Circuit Split.
Tax Research Methodology: A Practical Guide
Taxpayer Denied Mortgage Interest Deduction - Equitable Ownership Claim Rejected.
Court Dismisses Suits Over Alleged IRS Mishandling of Requests for Tax-Exempt Status.
Year-End Business Tax Planning Focuses on Tangible Property Rules and Tax Extenders Pre TIPA.
CPA Client Letter: 2014 Year End Tax Planning for Businesses Pre TIPA.
Innocent Spouse Relief Granted Due to Lack of Knowledge or Control of Corporate Finances.
Healthcare Plans Lacking Hospital Coverage Do Not Meet Employer Mandate Requirements.
IRS Proposed Partnership Regs Embrace "Hypothetical Sale" Approach for Hot Asset Distributions.
Challenge to IRS Filing Program Dismissed - AICPA Can't Prove Risk of Injury.
A Closer Look: IRS Releases Inflation-Adjusted Amounts for 2015
IRS Reminds Practitioners to Renew PTINs.
IRS Collections Activity Barred by Statute of Limitations Because Taxpayer Lived in U.S.
Contributions of Distressed Brazilian Receivables Generate Massive Penalties.
IRS: Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock.
Additional Child Tax Credit Exempt from Bankruptcy Estate.
Eighth Circuit Reverses Tax Court on Treatment of CRP Payments to Nonfarmer.
In-Depth: Year-End Tax Planning for Individuals in Light of Uncertainty Regarding Tax Extenders.
Free CPA Client Letter: 2014 Year End Tax Planning for Individuals Pre TIPA.
IRS Releases Inflation Adjusted Retirement Plan Limitations for 2015.
IRS Clarifies Terms Relating to the Economic Substance Doctrine.
IRS to Eliminate 36-Month Rule for Deemed Debt Discharges.
Graduated Tax Rate Applies to Affiliated Group with Qualified Personal Service Corp.
IRS Simplifies Reporting of Canadian Retirement Plans; Eliminates Form 8891.
Estate Tax: Fifth Circuit Court Upholds Fractional Discounts for Fractional Interests.
Dual Resident Can't Informally Abandon U.S. Resident Status and Escape Tax on Stock Sale.
ACA Challenges Continue with Oklahoma Court Invalidating Section 36B Regs.
Final Regs Provide Safe Harbor for Local Lodging Expenses.
Divided Tax Court Holds That CSRS Did Not Accept Contribution as a Rollover.

Sitemap Page Two