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Tax Accounting and Research Articles

Minister Who Failed to Pay Self-Employment Taxes Can't Collect Social Security or Medicare. 09/2020

Tax Court Disallows Losses from S Corp Transaction Due to Lack of Economic Substance. 09/2020

Tax Court Rejects IRS Recharacterization of Stock Donation to Donor Advised Fund. 09/2020

Eleventh Circuit Reverses Lower Court; Couple Can't Exclude Award from Income. 09/2020

IRS Provides Q&A Guidance on Changes in SECURE Act and Miners Act. 09/2020

IRS Notice on Payroll Tax Deferral Still Leaves Many Questions Unanswered. 09/2020

SBA Loosens Loan Forgiveness Rules for Owner-Employees. 09/2020

Taxpayer Partially Waived Work-Product Immunity by Disclosing Valuation Report to IRS. 09/2020

Court Rejects IRS Attempt to Pierce Tile Contractor's Corporate Veil. 09/2020

Taxpayers Substantially Complied with Requirements for Charitable Donation. 09/2020

On Remand, Court Rejects President Trump's Challenge to Subpoena for His Tax Returns. 08/2020

Seventh Circuit Affirms That Purported Loans Were Not Bona Fide Debt. 08/2020

Debt Cancelled by Former Employer Was Ordinary Income, Not Capital Gain. 08/2020

IRS Proposes Regulations on Extended Rollover Period for a Qualified Plan Loan Offset. 08/2020

Business Groups Indicate That Many Members Will Not Defer Payroll Tax Withholding. 08/2020

Using Property Management Company to Rent Properties Precluded Loss Deductions. 08/2020

State Incentive Grants to Corporation Were Not Nontaxable Contributions to Capital. 08/2020

IRS Issues Proposed Carried Interest Regs; Warns Against Circumventing Rules. 08/2020

IRS Finalizes Regs on Charitable Donations Made in Exchange for Consideration. 08/2020

Alimony and Payments to Divorce Lawyer Did Not Increase Basis of Marital Property. 08/2020

IRS Issues Final Regs on Business Interest Expense Deduction Limitation. 08/2020

IRS Simplifies Tax Accounting Rules for Small Businesses. 08/2020

President Trump Signs Memorandum on Deferring Payroll Tax Obligations. 08/2020

Bankruptcy Trustee Can Avoid Tax Lien for Benefit of Bankruptcy Estate. 08/2020

Taxpayer Should Not Have Been Precluded from Disputing Trust Fund Recovery Penalty. 08/2020

Eighth Circuit Holds 30-Day Deadline for Filing a Tax Court Petition Is Jurisdictional. 07/2020

IRS Proposes Redesigned Partnership Return for Tax Year 2021. 07/2020

Mansion Was Capital Asset, Not Section 1231 Property, Despite Substantial Renovations. 07/2020

Cancelled Debt Isn't Excludible from Income as Qualified Principal Residence Debt. 07/2020

IRS Issues Final and Proposed Guidance on Recapturing Excess Employment Tax Credits. 07/2020

IRS Provides Luxury Auto Depreciation Limits and Lease Inclusion Amounts for 2020. 07/2020

Non-Willful FBAR Penalties Are Calculated Per FBAR Report, Not Per Financial Account. 07/2020

Supreme Court Keeps Door Open for Congress to Subpoena President's Tax Returns. 07/2020

Supreme Court: President's Tax Returns Are Fair Game for Criminal Subpoenas. 07/2020

Tax Court Holds That Part of Taxpayer's Settlement Award Is Excludable from Income. 07/2020

IRS Issues Guidance on Reporting Qualified Leave Wages Paid Under Families First Act. 07/2020

UPDATE: President Signs Paycheck Protection Program Extension Act; New Deadline Is August 8. 07/2020

CPA Sample Client Letter: Paycheck Protection Program Extension Act. 07/2020

Proposed Regs Address TCJA Changes to Transportation & Commuting Expenses. 07/2020

Sec. 1031 Prop. Regs: Transfer of Incidental Personal Property Doesn't Taint Exchange. 07/2020

Taxpayers Have Until August 31 to Roll 2020 RMDs Back into a Retirement Accounts. 07/2020

IRS Expands Favorable Treatment on COVID-Related Retirement Plan Distributions. 07/2020

SBA Clarifies Loan Forgiveness Limits for Owner Compensation; Releases New EZ Loan Forgiveness Application and Other PPP-Related Guidance. 07/2020

Final 199A Regs Address Suspended Losses Included in Qualified Business Income. 07/2020

Tax Court Lacked Jurisdiction to Review Disallowed Section 1031 Exchange. 06/2020

SBA Clarifies Loan Forgiveness Limits for Owner Compensation; New EZ Loan Forgiveness ... 06/2020

Tax Court: Transfers to Liquidating Trusts Did Not Result in Deductible Losses. 06/2020

Proposed Regs Clarify the Definition of Qualifying Relative for Years 2018-2025. 06/2020

Proposed Regs Address Deductibility of Certain Medical Care Payments. 06/2020

Federal Circuit Reverses Claims Court for a 2nd Time on the Same Case; Couple Can Deduct... 06/2020

Tax Court Upholds Denial of Taxpayer's Qualified Residence Interest Deductions. 06/2020

SBA Eliminates Cliff for Borrowers Using Less Than 60% of PPP Loans for Payroll Costs. 06/2020

IRS Finalizes Rule Ending Donor Reporting Requirement. 06/2020

Payments for Accounting Services Were Wages, Not Self-Employment Income. 06/2020

IRS Delays Deadlines Applicable to Employment Taxes, Employee Benefits, and Exempt Orgs. 06/2020

In-Depth: An In-Depth Look: The Paycheck Protection Program Flexibility Act. 06/06/2020

CPA Sample Client Letter: Paycheck Protection Program Flexibility Act. 06/06/2020

New Guidance Clarifies PPP Loan Forgiveness Criteria and Calculations. 06/2020

IRS Removes Section 385 Documentation Rules, But Keeps Distribution Rules. 05/2020

IRS Takes Whirlpool to the Cleaners in Case Involving Subpart F Income. 05/2020

Proposed Regs Address Effect of Sections 67(g) and 642(h) on Trusts and Estates. 05/2020

IRS Provides Relief Through Increased Flexibility for Taxpayers in Cafeteria Plans. 05/2020

In-Depth: SBA Releases Complicated PPP Loan Forgiveness Application and Expanded FAQ. 05/21/2020

IRS Provides Temporary Procedures for Faxing Certain Forms 1139 and 1045. 05/2020

IRS Can't Offset Withheld Taxes Against Bankrupt Farm's Capital Gains Tax Debt. 05/2020

Partnership Interest Was Includible in Gross Estate, Despite Transfer to Trust. 05/2020

Prop Regs Address Calculation of UBTI for Exempt Orgs with Multiple Businesses. 05/2020

No Deduction Allowed for Expenses Relating to Forgiven PPP Loans. 05/2020

IRS Extends Time to File Application for Tentative NOL Carryback Adjustment. 04/2020

IRS Expands Filing and Payment Deadlines; Extends Time for Performing Certain Actions. 04/2020

In-Depth: Congress Adds $310 Billion to PPP; Businesses Get a Second Chance ... 04/24/2020

CPA Sample Client Letter: Paycheck Protection Program (PPP) - Additional Funding Available. 04/24/2020

Individuals Can File Simplified Return to Claim CARES Act Recovery Rebates. 04/2020

Procedures Issued for Deducting Qualified Improvement Property Depreciation for Prior Years. 04/2020

Eleventh Circuit Upholds Denial of Taxpayer's Travel Expense Deduction. 04/2020

IRS Provides Relief from Penalty for a Failure to Timely Deposit Employment Taxes. 04/2020

No CDP Hearing for Couple Who Had Prior Opportunity to Dispute Tax Liability. 04/2020

In-Depth: A Tax Practitioner's Guide to the Paycheck Protection Program (PPP). 04/08/2020

CPA Sample Client Letter: The CARES ACT - Paycheck Protection Program (PPP). 04/08/2020

In-Depth: A Tax Practitioner's Guide to the CARES Act. 03/31/2020

CPA Sample Client Letter: The CARES ACT - Individual and Business. 03/31/2020

President Signs Families First Act; Senate Passes $2 Trillion CARES Act. 03/27/2020

CPA Sample Client Letter: The Families First Act and The CARES Act. 03/27/2020

Deadline for Income Tax Returns and Payments Postponed to July 15 due to COVID-19. 03/2020

CPA Sample Client Letter: Coronavirus-Related Postponement of Tax Deadlines. 03/2020

Section 7508A(c) Provides Exception to Limitation on Interest on Overpayments. 03/2020

CPA's Serious Illness Did Not Excuse Couple's Failure to File Tax Return on Time. 03/2020

Supreme Court Strikes Down Rule for Allocating Tax Refunds Among Members of Consol... 03/2020

IRS Provides Tax Relief for Certain Foreign Trusts and Steps for Requesting Refunds. 03/2020

Basis and At-Risk Loss Rules Apply in Determining Partner's Self-Employment Tax. 03/2020

Court Orders Trial on Amount of Income Taxpayer Received in Counterfeit Check Scheme. 03/2020

Retirement Funds Received in Divorce Settlement Were Not Exempt in Bankruptcy. 03/2020

Taxpayer's Extravagant Lifestyle Prevents Tax Debts from Being Discharged. 03/2020

Prop. Regs Address Federal Income Tax Withholding and Redesigned Form W-4. 03/2020

Taxpayer's Guarantees on Loans to Related Businesses Entitled Him to Deduct Losses. 02/2020

IRS Issues Uniform Capitalization Guidance for Farmers. 02/2020

Proposed Regs Address Deductibility of Entertainment and Food or Beverage Expenses. 02/2020

District Court Properly Denied Tax Protester's Request for Competency Hearing. 02/2020

Conservation Easement Deduction Fails Due to Donor's Retained Development Rights. 02/2020

Statute Began to Run on Date Returns Were Filed, Not on Date Taxpayer Lied to IRS. 02/2020

Requests for Tax-Exempt Status Must Now Be Filed Electronically. 02/2020

What to Do About Missing Forms W-2 and Forms 1099. 02/2020

Certain Payments to Acquire Auto and Equipment Leases Must be Capitalized. 02/2020

Final Regs Increase Maximum Value for Personal Use of Employer-Provided Vehicles. 02/2020

Trust Fund Recovery Penalties Are Subject to Written Supervisory Approval Requirement. 02/2020

Former Congressman's Conviction for Filing False Tax Return Affirmed. 02/2020

Supervisory Approval Required for Listed Transaction Penalty. 02/2020

Late Filing Penalty Did Not Apply Where Estate Tax Was Paid Before Extended Due Date. 02/2020

Medication-Induced Compulsive Gambling Is Not a Disability Excusing Penalty on ... 02/2020

IRS Provides Additional Debt Relief for Certain Student Loan Borrowers. 01/2020

Office of Chief Counsel: Relief for Failing to Timely File a Partnership Return Has Not Become .... 01/2020

IRS Did Not Formally Communicate a Penalty Determination Before Issuing a Notice of Deficiency. 01/2020

Tax Court Addresses Burden of Production in Penalty Supervisory Approval Cases. 01/2020

Donors of Items Salvaged from Deconstructed Home Failed to Substantiate Donations. 01/2020

Executor Who Transferred Estate Assets Held Personally Liable for Unpaid Estate Taxes. 01/2020

IRS Supervisory Approval Required Before First Formal Communication of Penalties. 01/2020

S Corporation ESOP Did Not Qualify Due to Operational and Form Failures. 01/2020

Foreign LLC's Income Is Not Exempt from U.S. Tax under U.K. - U.S. Treaty. 01/2020

District Court Allows Lawsuit Challenging IRS Rulemaking Procedure to Go Forward. 01/2020

Third Circuit Upholds Tax Evasion Convictions, but Reverses Restitution Judgment. 01/2020

Russian Citizen's Wages Are Exempt from U.S. Tax under U.S. - Russia Treaty. 01/2020

Taxpayer Improperly Used Installment Method to Report Mobile Home Sales. 01/2020

Final Regs Address Foreign Withholding Rules. 01/2020

Business, Medical, and Moving Standard Mileage Rates Decrease for 2020. 01/2020

Fifth Circuit Affirms ACA Individual Mandate Is Unconstitutional; Severability Question Remains. 01/2020

Most Popular: Top Tax Developments of 2019. 01/2020

IRS Finalizes Foreign Tax Credit and Other Foreign-Related Regulations. 01/2020

Final Section 355(e) Regs Apply to Synthetic Spin-offs. 01/2020

MoneyGram Can't Take an Ordinary Loss on Worthless Securities. 01/2020

Employers' Cash Reimbursements for Malfunctioning Transit Cards Are Taxable Income. 01/2020

Tax Court Upholds Worthless Security Deduction in Year Company Began Winding Down. 01/2020

Proposed Regs Clarify Rules on Charitable Donations and State Tax Considerations. 01/2020

In-Depth Analysis: Year-End Tax Act. (Client Letters Included. 12/30/2019

IRS Postpones Reporting Capital Accounts on Tax Basis. 12/2019

Appropriations Bill Includes Tax Extenders and Numerous Other Tax Provisions. 12/2019

Currency Option Trades Lacked Economic Substance; Resulting Losses Are Disallowed. 12/2019

5 Percent, Not 35 Percent, Penalty Applies to Late Reported Foreign Trust Distributions. 12/2019

No Bad Debt Deduction for Payment Properly Characterized as Capital Contribution. 12/2019

Final Estate Regs Address Application of Increased TCJA Basic Exclusion Amount. 12/2019

Losses from Taxpayer's Cutting Horse Activity Deductible Despite Long History of Unprofitability. 12/2019

IRS Updates Per Diem Substantiation Methods for TCJA Changes. 12/2019

Taxpayers Can't Sue to Stop IRS from Receiving Privileged Info from Former Attorney. 12/2019

IRS Updates Rev. Proc. for TCJA Changes to Auto and Moving Expense Deductions. 12/2019

Federal Circuit Upholds $803,000 Penalty for Willful FBAR Violation. 12/2019

IRS Releases Retirement-Related COLAs; 401(k) Contribution Limit Increases to $19,500. 12/2019

Partnership's Reporting of Partial Gain Was Enough to Preclude Extension of Statute. 12/2019

Proposed Regs on Eligible Terminated S Corporations Introduce New Priority Rule for Sourcing ... 11/2019

IRS Issues Inflation-Adjusted Amounts for 2020. 11/2019

Seventh Circuit Reverses Course on Allowing Circumvention of Appeal Deadline. 11/2019

Ambiguous IRS Notice Sinks Taxpayer's Tax Court Petition. 11/2019

Court Nixes $155 Million Conservation Easement Deduction Due to Faulty Deed Provisions. 11/2019

Tax Court: No Deductions Allowed for Medical Marijuana Businesses, Including Those Operating ... 11/2019

IRS Can't Offset One Taxpayer's Deficiency Using a Related Taxpayer's Overpayment. 11/2019

An In-Depth Look: Practitioner's 2019 Year-End Tax Planning Guide for BUSINESSES. 11/2019

CPA Sample Client Letter: Year-End Tax Planning for BUSINESSES. 11/2019

An In-Depth Look: Practitioner's 2019 Year-End Tax Planning Guide for INDIVIDUALS. 11/2019

CPA Sample Client Letter: Year-End Tax Planning for INDIVIDUALS. 11/2019

Cooperative's Payments to Members Were Per-Unit Retain Allocations for Section 199 Purposes. 11/2019

Federal Circuit: Lower Interest Rate on Refunds Applies to Nonprofit Corporations. 11/2019

Court Finds That Taxpayer's Letter to IRS Was a Timely Filed Informal Refund Claim. 11/2019

IRS Issues Second Draft of Form 1040 and New Form 1040-SR. 11/2019

S Corporation's AAA Resets to Zero after a Post-Termination Transition Period. 10/2019

Finder's Fee Paid in Connection with Merger Was Not a Deductible Business Expense. 10/2019

IRS Issues Draft Instructions for Qualified Business Income Deduction. 10/2019

IRS Issues 2019-2020 Special Per Diem Rates. 10/2019

Employer's Failure to File Form 945 Prevents Statue of Limitations from Applying. 10/2019

Appeals Court Rejects Tax Fraud Restitution Order Due to Sloppy IRS Substantiation. 10/2019

Taxpayer Not Entitled to Itemized Deductions on Substitute Return Filed by IRS. 10/2019

IRS Extends Replacement Period under Section 1033 for Certain Livestock Sales. 10/2019

IRS Issues Draft 2019 Forms 1065, 1120-S, and Schedules K-1. 10/2019

District Court Upholds TCJA Limit on State and Local Tax Deductions. 10/2019

IRS Finalizes Regs on Partnership Disguised Sales and Recourse Liabilities. 10/2019

Final Regs Modify Qualifications for a 401(k) Hardship Distribution. 10/2019

Taxpayer Was Entitled to Business Bad Debt Deduction for Unrepaid Loan. 10/2019

New Bonus Depreciation Proposed Regs Issued. 10/2019

IRS Finalizes Bonus Depreciation Regs; Clarifies Expansion of Qualifying Property. 10/2019

In-Depth: IRS Expands and Finalizes Section 199A Safe Harbor for Rental Real Estate. 09/2019

Tax Return Photocopies Aren't Subject to Frivolous Return Penalties. 09/2019

Court Denies Motion to Expedite Lawsuit to Compel Production of President's Tax Returns. 09/2019

Penalty Relief Provided to Exempt Orgs That Relied on Revenue Procedure 2018-38. 09/2019

Rental Prop Subject to Management Agreements Can't be Grouped with Other Rental Activities. 09/2019

Draft Instructions for Calculating QBI Deduction Provide Additional Guidance. 09/2019

No Casualty Loss Deduction for Stigmatization Resulting from Flood Damage. 09/2019

Court Rejects IRS's Classification of Partnership Interest Expense as Investment Interest. 09/2019

Proposed Regs Implement TCJA Changes to Code Sec. 451 for Accrual Method Taxpayers. 09/2019

IRS Settlement Officer Acted Unreasonably in Closing Taxpayer's CDP Case. 09/2019

IRS Provides Relief for Domestic Partnership and S Corp Filings Under GILTI Regs. 09/2019

Proposed Regs Increase Maximum Value for Personal Use of Employer-Provided Vehicles. 09/2019

Taxpayer Failed to Make Delinquent 401(k) Loan Repayments Within Grace Period. 08/2019

IRS Automatically Waiving 2018 Estimated Tax Penalty for More Than 400,000 Filers. 08/2019

Tax Court Addresses Gift Tax Valuation of Interdependent Closely-Held Companies. 08/2019

Taxpayer Could Not Exclude Uncashed Check for a Qualified Retirement Plan Distribution. 08/2019

Fair Market Valuation Method Does Not Include an Exception for Fraudulent or Criminal ... 08/2019

District Court Invalidates Regulation Defining Educational Organizations. 08/2019

Tax-Exempt Status Denied for Entity Operating as a Conduit to Generate Sales Leads. 08/2019

Court Strikes Down IRS Rule That Eliminated Exempt Organization Donor Reporting. 08/2019

Developer's Payments for Marketing Materials Were Nondeductible Bidding Costs. 08/2019

IRS Allows Taxpayers to Revoke or Make Late Bonus Depreciation Elections. 08/2019

Fourth Circuit Rejects Challenges to U.S.-Canada Tax Treaty. 08/2019

Chief Counsel's Office Addresses Effective Date and Scope of Casualty Loss Limitation. 08/2019

IRS Grants 6-Month Extension for Filing Forms 1065 to Certain Partnerships. 08/2019

No Bonus Depreciation Deduction for Rehabilitation of Burned Agricultural Property. 08/2019

IRS Releases Draft of 2019 Form 1040; Revises Drafts of Form 8895 and Form 8995-A. 08/2019

D.C. Circuit: 30-Day Period for Whistleblower Appeals Is Not Jurisdictional. 07/2019

Army Officer Not Entitled to Foreign Earned Income Exclusion While in Afghanistan. 07/2019

CPA Penalized for Aiding and Abetting Tax Understatements on More Than 5,000 Tax Returns. 07/2019

IRS Reminds Combat Veterans to File for Tax Refunds on Disability Payments Reported as Income. 07/2019

Late IRA Rollover Was Not Taxable Due to Bank's Bookkeeping Error. 07/2019

Final Regs Permit Employers to Use Truncated Taxpayer ID Numbers on Form W-2. 07/2019

No "Away from Home" Travel Deductions Allowed for Contract Employee. 07/2019

Tax Court Lacked Jurisdiction Because No Notice of Determination Was Issued. 07/2019

Early Withdrawal Did Not Render Debtor's Annuity Nonexempt in Chapter 7 Bankruptcy. 07/2019

Author's Royalty Income from Publishing Contracts Was Subject to Self-Employment Taxes. 07/2019

Farm in Chapter 11 Bankruptcy Can't Convert to Chapter 12 to Obtain More Favorable ... 07/2019

District Court Applied Wrong Definition of "Willful" in Return Preparer Penalty Case. 07/2019

Eleventh Circuit Reverses District Court, Upholds Taxpayer's Sec. 1341 Refund Claim. 07/2019

Final Regs Address Employment Taxes for Disregarded Entities Owned by a Partnership. 07/2019

Return Preparer's Fraud Suspended Couple's Statute of Limitations on Assessment. 06/2019

IRS Guidance Addresses Section 199A W-2 Wage Calculation for Certain Co-ops. 06/2019

Pastor Couldn't Exclude Payments as Parsonage Allowances or Gifts from Congregants. 06/2019

IRS Issues Proposed Section 199A Regs for Cooperatives and Their Patrons. 06/2019

IRS Finalizes Regs on ESBTs with Nonresident Aliens as Potential Current Beneficiaries. 06/2019

IRS Provides Safe Harbor for Charitable Donations Made In Exchange for SALT Credits. 06/2019

IRS Finalizes Regs Limiting Contributions in Exchange for State Tax Credits. 06/2019

Final Regulations Expand Use of Health Reimbursement Arrangements. 06/2019

Congress Passes IRS Reform Act with Bipartisan Support. 06/2019

Shareholders of Closely Held Corporation Were Liable as Transferees. 06/2019

IRS Failure to Verify Mailing of Notice of Deficiency Was Abuse of Discretion. 06/2019

Tax Court Nixes Assessment of Trust Fund Recovery Penalty (TFRP). 06/2019

D.C. Circuit Upholds Tax Court's Denial of Charitable Deduction for Remainder Interest. 06/2019

Eleventh Circuit Allows Injunctive Relief for IRS to Collect Unpaid Employment Taxes. 06/2019

IRS Provides Luxury Auto Depreciation Limits and Lease Inclusion Amounts for Autos Placed in ... 06/2019

IRS Releases Draft of Newly Designed Form W-4 for Use in 2020. 06/2019

Foreign-Owned Charter Yacht Not Off the Hook for Employment Taxes. 05/2019

Third Circuit Rejects Challenge to Controlled Foreign Corp Loan Guarantee Regs. 05/2019

Prop Regs Address Withholding on Transfers of Partnership Interests Involving Foreign Persons. 05/2019

CFO Was Responsible for Employment Taxes, Notwithstanding Government Receivership. 05/2019

IRS Offers Reasonable-Cause Relief for Returns Affected by CCH Software Outage. 05/2019

Eleventh Circuit Holds Shareholder Did Not Have Basis in Indirect Loans to S Corp. 05/2019

Couple Could Claim Credits Based on Medicaid Waiver Payment Excluded from Income. 05/2019

Former S Corp Must Reduce AAA for Distribution in Post-Termination Transition Period. 05/2019

Sixth Circuit Reverses District Court; Wrongful Levy Action Was Not Time Barred. 05/2019

IRS Can Use Lien and Levy Powers to Collect Criminal Restitution Amounts. 05/2019

Distributions of Casino Revenue Are Taxable to Native American Tribe Members. 05/2019

Where No Disclosure Is Required, There Is No Statute for Assessing Section 6707A Penalty. 05/2019

Tenth Circuit: IRS Can Make Initial Determination of Penalty After Issuing Notice of Deficiency. 05/2019

Federal Circuit Holds That Excess State Tax Credit Was Taxable Income. 05/2019

IRS Can Assess FBAR Penalty Based on Number of Accounts Rather Than Number of Filings. 05/2019

Tax Court Addresses Deductibility of Business Owner's Settlement Payment. 05/2019

CPEOs Can't Be Used to Transform Self-employed Individuals and Partners into Employees. 05/2019

IRS Provides Safe Harbor for Pro Sports Teams' Trades of Personnel Contracts and Draft Picks. 05/2019

Timely Mailing Rule in Code Section 7502 Trumps Common-Law Mailbox Rule. 05/2019

IRS Addresses Interplay of State Tax Limitation and Home Office Deduction. 04/2019

IRS Issues Proposed Regs on Investments in Qualified Opportunity Zones. 04/2019

Two-Percent S Corp Shareholders by Attribution May Deduct Health Insurance Costs. 04/2019

Proposed ESBT Regs Clarify Tax Treatment of TCJA Changes. 04/2019

IRS Releases Draft 2019 Forms for Section 199A Deduction, Expands 199A FAQ. 04/2019

Treasury Department Promises Not to Seek Judicial Deference for Subregulatory Guidance. 04/2019

IRS Action for Unpaid Estate Taxes Not Barred by State Statute of Limitations. 04/2019

Taxpayer's Bill of Rights Does Not Provide Grounds for Challenging a Notice of Deficiency. 04/2019

Taxpayer Acquired Beneficial Ownership of S Corporation in Divorce. 04/2019

District Court Addresses Valuation of Minority Interest Stock for Gift Tax Purposes. 04/2019

Settlement Payments Relating to Death of S Corp Owner's Girlfriend Aren't Deductible. 04/2019

IRS Clarifies Tax Treatment of State and Local Tax Refunds. 04/2019

Ninth Circuit: Estate Overstated Amount of Charitable Deduction. 04/2019

D.C. Circuit Reverses District Court, Upholds PTIN Fee on Tax Return Preparers. 04/2019

TIGTA Releases Report on Code Section 199A Qualified Business Income Deduction. 04/2019

Penalty for Late Filing of S Corporation Does Not Require Supervisor Approval. 04/2019

Indian Tribal Corporation Not Liable for the Employment Taxes of Its Legally Distinct Division. 03/2019

CFC Partners of U.S. Partnership Had to Increase E & P for Subpart F Income. 03/2019

Computer-Generated Penalty Exempt from Written Supervisory Approval Requirement. 03/2019

Taxpayers Could Not Update Last Known Address on Forms 2848 or 4868. 03/2019

Ministers' Housing Allowance Exclusion Does Not Violate First Amendment. 03/2019

IRS Broadens Penalty Relief for Underpayment of Estimated Tax for 2018. 03/2019

Court Rejects Refund Claim Where POA Did Not Authorize Preparer to Sign the Claim. 03/2019

Supreme Court Reverses Eighth Circuit; Jury Award for Lost Wages Was Subject to Railroad Tax. 03/2019

Drug-Induced Compulsive Gambling Losses Aren't Deductible Casualty Losses. 03/2019

All Social Security Benefits Are Includible in MAGI in Determining Premium Tax Credit. 03/2019

IRS Provides Penalty Relief Relating to New Form 1065 K-1 Reporting Requirement. 03/2019

Bankruptcy Debtor Did Not Fraudulently Evade Paying Tax Debts. 03/2019

Federal Circuit Affirms Award of Litigation Costs to Partnership in TEFRA Proceeding. 03/2019

IRS Amends Low-Income Housing Credit Compliance-Monitoring Regulations. 03/2019

Taxpayer Allowed to Deduct Payment of Court-Ordered Alimony Arrearages. 03/2019

IRS National Office Addresses Tax Treatment of Employer-Provided Meals and Snacks. 03/2019

IRS Provides Safe Harbor Accounting Method for Automobile Depreciation Deductions. 03/2019

Taxpayers Can't Introduce New Issues through Rule 155 Computations. 02/2019

Charitable Deduction Disallowed for Donation of House to Deconstruction Organization. 02/2019

IRS Abused Its Discretion in Rejecting Taxpayer's Offer in Compromise. 02/2019

Eleventh Circuit: Waiver of NOL Carryback Was Irrevocable. 02/2019

Taxpayer's Sale of Intellectual Property Results in Capital Gain. 02/2019

Tax Court Upholds LLC's $2.9 Million Bad Debt Deduction. 02/2019

Court Rejects Novel Arguments and Holds Qui Tam Award Is Taxable Income. 02/2019

State Law Cured Defective Conveyance of Property Out of Estate. 02/2019

CPA May Have Been Negligent in Failing to Follow Up After E-Filing Couple's Return. 02/2019

CFO Who Paid Creditors Before the IRS Liable for Payroll Taxes. 02/2019

IRS Waiving Underpayment of Estimated Tax for Some Individuals for 2018 Returns. 02/2019

What to Do About Missing Forms W-2 and Forms 1099. 02/2019

CPA Can't Access Client's IRS Appeal Documents to Assist in His Criminal Case. 02/2019

Most Popular: Final 199A Regs and Related Guidance Create Safe Harbor for Rental Real Estate. 01/2019

CPA Sample Client Letter: Rental Real Estate Safe Harbor. 01/2019

Draft IRS Pub. Includes New Schedules to Help Calculate Sec. 199A Deduction. 01/2019

IRS Guidance Clarifies Certain TCJA Property-Related Changes. 01/2019

An In-Depth Look: Practitioner's Year-End Tax Planning Guide for Businesses Post TCJA. 12/2018

CPA Sample Client Letter: Year-End Tax Planning for BUSINESSES. 12/2018

An In-Depth Look: Practitioner's Year-End Tax Planning Guide for Individuals Post TCJA. 12/2018

CPA Sample Client Letter: Year-End Tax Planning for INDIVIDUALS. 12/2018

Country Club Can't Deduct Nonmember Event Losses from Investment Income. 10/2018

IRS Releases Guidance on the Suspension of Personal Exemption Deductions. 10/2018

Church Members' Donations to Minister Were Taxable Income, Not Gifts. 10/2018

Increase in Value of Split-Dollar Insurance Policy Was a Distribution, not Income ... 10/2018

IRS Abused Its Discretion by Failing to Consider Proposed Offers and Hardship Claim. 10/2018

IRS Extends Replacement Period under Sec. 1033 for Certain Livestock Sales. 10/2018

Owner of Tax Prep Firm Was Not Liable for Penalties on Returns Signed by Employees. 10/2018

S Shareholder's Amended Filings Satisfied Requirement to Identify Inconsistencies with Return. 10/2018

In-Depth: IRS Issues Retroactive Guidance on Employer Credit for Paid Family and Medical Leave. 10/2018

Second Circuit Reverses Tax Court: Extensions of Variable Contracts Constituted Taxable ... 10/2018

Most Popular: IRS Clarifies Deductibility of Business Meal Expenses in Light of TCJA Changes. 10/2018

Latest Tax Research Bulletin: Read The Latest Tax Briefs and In-Depth Articles. 10/2018

German Resident Isn't Eligible for Foreign Earned Income Exclusion. 9/2018

Termination Payment Was Ordinary Income Subject to Self-Employment Tax. 9/2018

Taxpayer Qualified as Real Estate Professional; Rental Losses Not Limited by PAL Rules. 9/2018

Couple Failed to Show That "Act of State" Doctrine Applied to Foreign Distributions. 9/2018

IRS Extends Tax and Penalty Relief to Victims of Hurricane Florence. 9/2018

IRS Voluntary Annual Filing Season Program Withstands AICPA's Challenge. 9/2018

Ten-Year Statute Doesn't Apply to Refund Arising from Foreign Tax Deduction. 9/2018

IRS Rev. Proc. Addresses Accounting Method Changes for an Eligible Terminated S Corp. 8/2018

In-Depth: Proposed IRS Regs Prevent Taxpayers from Working Around SALT Limitation. 8/2018

Tax Court Did Not Have Jurisdiction Over S Corporation's Employment Tax Liability. 8/2018

Automatic Extensions Kept on Many Information Returns Other Than Form W-2 Series. 8/2018

IRS Rev. Proc. Addresses Automatic Accounting Method Changes for Small Businesses. 8/2018

In-Depth: Long Awaited Section 199A Proposed Regs Are Generally Favorable to Taxpayers. 8/2018

Breaking News: Long Awaited Section 199A Proposed Regs Are Generally Favorable to Taxpayers. 8/2018

In Depth: Bonus Depreciation Proposed Regs Issued; Taxpayers May Rely on Them Immediately. 8/2018

IRS Issues Guidance Relating to Certain Tuition Program and Education Expense Rules. 8/2018

Parents Who Lost Custody Could Not Claim Children as Dependents or Take Child Tax Credit or EITC. 8/2018

Spouse with No Control over Couple's Tax Filings Did Not Willfully Evade Payment of Taxes. 8/2018

Taxpayer Can't Deduct $400,000 Restitution Payment Made as Part of Criminal Sentence. 8/2018

LLCs Don't Qualify as "Customers" under the Right to Financial Privacy Act. 7/2018

Most Popular: IRS Urges Veterans to File Refund Claims Relating to Disability Severance Payments. 7/2018

Some Exempt Orgs No Longer Required to Report Donors' Names and Addresses to the IRS. 7/2018

Newly Enacted Section 67(g) Won't Prevent Certain Estate and Trust Deductions. 7/2018

Prop Regs Address TCJA's Expansion of Return Preparer Due Diligence Penalty to HOH Deter ... 7/2018

No Innocent Spouse Relief for Widow Who Failed to Report Insurance Proceeds on Form 8857. 7/2018

Nuclear Plant Operator's Waste Disposal Fees Did Not Qualify as Specified Liability Losses. 7/2018

IRS Supervisor Approval Not Required for Tax Court to Assess Frivolous Arguments' Penalty. 7/2018

Taxpayer Sues Mortgage Servicer for Not Including Capitalized Interest on Form 1098. 7/2018

S Corp Shareholder Not Entitled to Basis Increase as Loan Guarantor and Co-Borrower. 7/2018

IRS Wins Judgment Against Estate Where Decedent Used Tax Shelter to Avoid Taxes. 7/2018

Most Popular: Tenth Circuit Affirms That Marijuana Dispensary Can't Deduct Business Expenses. 7/2018

Latest Tax Research Bulletin: Read The Latest Tax Briefs and In-Depth Articles. 7/2018

Fifth Circuit Vacates Lower Court Decision on Taxpayer's Liability for Section 6672 Penalty. 7/2018

Summary Judgment Denied in Tax Court Case Involving Split Dollar Life Insurance Arrangements. 7/2018

Legal Fees Relating to Status of Investment Fund Distributions in Divorce Were Not Deductible ... 7/2018

S Shareholder Can't Unilaterally Elect FICA Tax Credit on S Corporation's Behalf. 7/2018

Most Popular: Taxpayers Are Liable for Penalties After IRS Assurances That No Penalties Would ... 6/2018

Supreme Court Reverses Seventh Circuit; No Railroad Tax on Stock Options. 6/2018

IRS Proposes Removal of Temp Regs on a Partner's Share of a Partnership Liability for Disguised ... 6/2018

Supreme Court Rejects Precedents in State Sales Tax Case; Quill and Bellas Hess Overruled. 6/2018

Taxpayer Can't Lay Blame for Failure to Pay Employment Taxes on Deceased Partner. 6/2018

Bank Failed to Establish Basis in Intangible Assets Acquired During S&L Crisis. 6/2018

IRA Trustee Must Withhold Federal Taxes on Amounts Paid to Unclaimed Property Fund. 6/2018

Tax Court Reduces Taxpayer's Basis in Solar Panel Venture, but Finds in Taxpayer's Favor on ... 6/2018

Taxpayer Was Independent Contractor, Notwithstanding Employee Status Indicated on Form W-2. 6/2018

IRS Liable for Damages for Willfully Violating Bankruptcy Discharge Order. 6/2018

Most Popular: IRS Clarifies 2018 Standard Mileage Rates Notice in Light of New Tax Law. 6/2018

Fifth Circuit Affirms Tax Court's Holdings on Closing Agreement and Offer In Compromise. 6/2018

Professional Gambler Can't Deduct Track's Takeout in Calculating Gambling Losses. 6/2018

Entertainment Company Was a Trade or Business, but Failed to Substantiate Expenses. 6/2018

Former University Employee Can't Exclude Tuition Waiver from Income. 6/2018

IRS Responds to State Legislative Attempts to Circumvent Limitation on SALT Deduction. 6/2018

Partnership Consisting of Disregarded Entities Didn't Qualify for TEFRA Small Partnership Exception. 6/2018

Most Popular: IRS Updates and Consolidates Guidance on Charitable Contributions. 6/2018

Taxpayers Must Exhaust Administrative Remedies before Recovering Costs for Bankruptcy Violations. 5/2018

Ten Year Limitations Period Did Not Apply to Taxpayer's Foreign Tax Credit Refund Claim. 5/2018

Federal Circuit Reverses Lower Court; Allows Partial Exclusion of Extraterritorial Income. 5/2018

Alleged Non-profit Was Really a Facade for a Doctor's Consulting Activity. 5/2018

IRS Does Not Bear Burden of Production in Partnership Level Proceedings. 5/2018

Most Popular: IRS Updates Accounting Method Change Procedure. 5/2018

Parents Induced to Sell Company at a Discount by Not Disclosing Nonpayment of Payroll Taxes. 5/2018

Pizza Company Liable for Excise Taxes on Excess Contributions to Pension Plan. 5/2018

Engineer's Losses from Music Activities Partially Allowed as Business Expenses. 5/2018

Insurers Can Bring Class Action for Unpaid ACA Cost Sharing Reduction Payments. 5/2018

Law Firm Can Equitably Recoup Employment Taxes Erroneously Paid by Related Entity. 5/2018

IRS Adjusts 2018 HSA Annual Limitation on Deductions. 5/2018

Most Popular: IRS Issues Guidance on Unreported Tip Income from "Tip Boxes". 5/2018

Attorney's Affidavit Insufficient to Rebut IRS's Proof of Claim in Bankruptcy. 4/2018

Late Filing of Carryback Application to Wrong Year Was Not an Informal Refund Claim. 4/2018

IRS Issues Interim Guidance on Business Interest Limitation Rules Effective in 2018. 4/2018

First Circuit Reverses Tax Court; Roth IRA Arrangement Did Not Lack Economic Substance. 4/2018

Hearing Officer Not Required to Substantively Analyze Supervisor's Approval of Penalty. 4/2018

Taxpayers May Continue to Rely on Rev. Proc. 2004-34 for Advance Payments. 4/2018

IRS Tax Lien Applied Only to Taxpayer's Half Interest in Former Marital Home. 4/2018

Case Against IRS Involving Phone Call Broadcast on Howard Stern Show Moves Forward. 4/2018

Supreme Court: Tax Obstruction Conviction Requires Awareness of Pending Proceeding. 4/2018

In-Depth: Appropriations Act Makes Major Modifications to the Partnership Audit Rules. 4/2018

Doctor's Royalty Income from Patent Is Ordinary Income, Not Capital Gain. 4/2018

Short Sale of Rental Property and Discharge of Mortgage Debt Resulted in No Gain or Loss. 4/2018

In-Depth: President Signs $1.3 Trillion Spending Bill Featuring Extensive Technical Tax Corrections. 4/2018

Gravel Sales Not Exempt from Tax under Native American Treaties. 3/2018

Liability for ACA Shared Responsibility Payment Isn't a Priority Claim in Bankruptcy. 3/2018

Proposed Regs Would Modify Definition of Short-Term, Limited-Duration Insurance. 3/2018

Penalty Imposed on Owner Who Used Loan Funds to Pay Expenses Instead of Payroll Taxes. 3/2018

Payment of Gain from Sale of Marital Home to Ex-Spouse Was Not Deductible as Alimony. 3/2018

IRS Extends Three-Year Carried Interest Holding Period to S Corporations. 3/2018

Couple Can't File Successive Motions to Extend Deadline to Appeal Tax Court Case. 3/2018

Payments from Foreign Sales Corporation Reclassified as Excess Roth IRA Contributions. 3/2018

IRS Gives More Time for Deducting Home Repair Damage Due to Presence of Pyrrhotite. 3/2018

Eleventh Circuit: Contract Termination Payment Was Ordinary Income, Not Capital Gain. 3/2018

Refund Claim for ACA Shared Responsibility Payment Was Properly Filed on Form 843. 3/2018

In-Depth: Prop Regs Address Adjustment of Tax Attributes Under Centralized Partnership Audit Rules. 3/2018

Deficiencies Resulting from Improper Inventory Reporting and Unreasonable Compensation Upheld. 3/2018

Lower Court Reversed; Deduction for Trust's Property Donation Is Limited to Basis. 2/2018

Tax Court Limits Real Estate Developer's Losses; Rejects Penalty Assessment. 2/2018

2018 Pension Plan Limitations Not Affected by Tax Cut and Jobs Act of 2017. 2/2018

Taxpayer Entitled to Innocent Spouse Relief for Tax on Former Spouse's Income, but Not for Tax ... 2/2018

Taxpayer's Self-Serving Affidavit Was Sufficient to Defeat Summary Judgment. 2/2018

Virgin Islands Tax Return Triggered Statute of Limitations When Forwarded to the IRS. 2/2018

Federal Circuit Reverses Lower Court; Supports Hospital's Bid for FICA Reimbursement. 2/2018

Third Circuit Affirms Tax Court; $10 Million in Transfers Were Equity Investments, Not Debt. 2/2018

Budget Bill Includes Tax Extenders, California Wildfire Disaster Relief, and a Grab Bag of Tax ... 2/2018

In-Depth Analysis: Section 199A Deduction for Qualified Business Income (Downloadable) 1/2018

Practice Aid: Three New TCJA Quick Reference Guides (Downloadables) 1/2018

In-Depth Article Form 1099 and Form W-2 Reporting Deadlines Fast Approaching 1/2018

CPA Client Letter: Requirement to File Forms 1099 1/2018

Bankruptcy Court Holds S Corporation Status Is Not Property for Bankruptcy Purposes. 1/2018

Standard Mileage Rates for 2018 Increase Slightly. 1/2018

Nonprofit Teaching Hospitals Subject to Income Tax on Fees from Third-Party Vendors. 1/2018

Tax Court Reconsiders Accuracy-Related Penalty in Light of Chai Decision, Still Sides With IRS. 1/2018

Fifth Circuit Rejects Challenges to Conviction for Willful Failure to Collect and Pay Over Taxes. 1/2018

Tax Court Upholds IRS Denial of Whistleblower Award. 1/2018

Fifth Circuit Rejects Challenges to Conviction for Willful Failure to Collect and Pay Over Taxes. 1/2018

Extended Limitations Period Did Not Apply to Omissions of Foreign Income. 1/2018

IRS Finalizes Rules on Opting Out of Centralized Partnership Audit Rules. 1/2018

District Court Holds That Settlement Proceeds Were Nontaxable; Disallows Deduction of Legal Fees. 1/2018

IRS Issues Updated Withholding Tables; Taxpayers Could See Changes by February. 1/2018

Tax Court Holds That Family Owned Investment Fund Manager Carried on a Trade or Business. 1/2018

Patent Owner Not Entitled to Capital Gains on Royalty Income. 1/2018

Prepaid 2018 Real Property Taxes Are Deductible in 2017 If Assessed and Paid in 2017. 1/2018

In-Depth Article: Parker's Explanation of Tax Cuts and Jobs Act of 2017 (TCJA). 12/27/2017

CPA Client Letter: Tax Cuts and Jobs Act (TCJA) for INDIVIDUALS 12/27/2017

CPA Client Letter: Tax Cuts and Jobs Act (TCJA) for BUSINESSES 12/27/2017

Parker's Analysis of TCJA Conference Report and Final Version of the Tax Bill. 12/19/2017

Conference Committee Releases Text of Final Version of Tax Bill. 12/16/2017

The Latest: Conference Committee Reaches Deal on Tax Bill; Votes Expected Next Week. 12/14/2017

Prop. Regs Address Foreign Issues Relating to Centralized Partnership Audit Regime. 12/2017

IRS Expands Relief for Late Actions by Partnerships and Certain Other Entities. 12/2017

Court Petition Was Validly Postmarked Before Filing Deadline Using Non-USPS Label. 12/2017

Legal Fees to Recoup Alimony Payments Were Nondeductible Personal Expenses. 12/2017

IRS Entitled to Examine Cryptocurrency Exchange's Client Records. 12/2017

Pfizer Settlement Payment Was Not Excludible from Income as Payment for Physical Injury. 12/2017

In-Depth Article: Parker's Explanation of the Senate Tax Bill (TCJA 2017). 12/2017

Tax Court Disallows Loss from Dissolution of S Corporation Due to Lack of Economic Substance. 11/2017

Senate Tax Bill Clears Finance Committee; Floor Debate Expected This Week. 11/2017

In-Depth Article: 2017 Tax Planning for Individuals. 11/2017

CPA Client Letter: 2017 Year-End Tax Planning for INDIVIDUALS. 11/2017

CPA Client Letter: 2017 Year-End Tax Planning for BUSINESSES. 11/2017

Taxpayer Doesn't Have COD Income from Waiver to Repay Overpaid Pension Payments. 11/2017

In-Depth Article: 32 Key Differences Between the House and Senate Tax Reform Bills. (Updated) 11/2017

District Court Can Add Tax Gross Ups to Title VII Damages Awards. 11/2017

Taxpayer Erroneously Listed as Primary Loan Obligor Did Not Have COD Income. 11/2017

Indirect Loans Did Not Increase Shareholders' Bases in S Corporation's Debts. 11/2017

Airline Pilot Did Not Qualify for Foreign Earned Income Exclusion; Not Liable for Self-Employ Tax. 11/2017

House Prepares to Vote; Senate Makes Dozens of Changes, Adds Repeal of Mandate. 11/2017

Taxpayer Can File Joint Return after Erroneously Filing as Head of Household. 11/2017

In-Depth Article: Parker's Explanation of the House Tax Reform Bill (TCJA 2017). 11/2017

Engineer Can't Deduct Educational Expenses Because Degree Leads to a New Trade or Business. 11/2017

No Discharge of Tax Debts in Bankruptcy for Couple with High Income, Extravagant Lifestyle. 11/2017

Joint Committee on Taxation's Excellent, In-Depth Summary of the Tax Bill. 11/2017

IRS Releases 2018 Pension and Retirement COLAs. 10/2017

Section 2704 Regs Withdrawn; IRS Priority Guidance List More Regs on the Chopping Block. 10/2017

Death of Former CEO Abates Certain Convictions and Restitution Amounts. 10/2017

IRS Cannot Add Interest and Penalties to Criminal Restitution Award. 10/2017

Eleventh Circuit Affirms Tax Court: Sale of Media Company Lacked Valid Business Purpose. 10/2017

CEO Did Not Willfully Fail to File Accurate FBAR. 10/2017

Court Rules IRS Must Give Reason for Rejecting Psychologist's Letter on Taxpayer's Financial ... 10/2017

Failure to Subordinate Mortgages Precludes Conservation Easement Deduction. 10/2017

Rebate in Excess of Tax Shown on Return Increases Taxpayer's Deficiency. 10/2017

Canadian Citizen's Unemployment Compensation Not Exempt under Tax Treaty. 10/2017

Failure to Allow Notice and Comment Period Invalidates Reg on Inversion Transactions. 10/2017

Farm Rental Income from Wholly Owned S Corporation Was Not Subject to Self-Employment Tax. 10/2017

In-Depth Article: Disaster Tax Relief Becomes Law; Provides Enhanced Casualty Loss Deductions and Other Tax Breaks to Hurricane Victims. 10/2017

CPA Sample Client Letter: Maria Disaster Tax Relief. Updated 10/2017

CPA Sample Client Letter: Harvey Disaster Tax Relief. Updated 10/2017

CPA Sample Client Letter: Irma Disaster Tax Relief. Updated 10/2017

Taxpayer Can File Joint Return After Original Return Erroneously Reported Single Status. 10/2017

In-Depth Article: GOP Releases Tax Reform Blueprint. 10/2017

Owner of Fast Food Restaurants Can't Revise Merger Transaction After Deal Closes. 10/2017

Sovereign Immunity Did Not Bar Bankruptcy Trustee's Action to Avoid Debtor's Fraudulent ... 10/2017

IRS Barred by Statute of Limitations from Assessing Tax and Penalties Nine Years after Merger. 10/2017

IRS Addresses Tax Treatment of Employer Programs to Aid Hurricane Victims. 10/2017

IRS Validly Examined Predeceased Spouse's Return to Determine DSUE. 9/2017

District Court Denies Deductions for Losses from Bad Real Estate Deal. 9/2017

IRS Offers Relief for Partnerships, REMICS, and Partners That Missed New Return Due Dates. 9/2017

Most Popular: Obamacare Repeal Is Back: Senate Gears up for Final 2017 Repeal Push. 9/2017

IRS Grants Tax Relief to Hurricane Victims; Retirement Plan Rules Relaxed. 9/2017

CPA Sample Client Letter: Harvey Disaster Tax Relief. 9/2017

CPA Sample Client Letter: Irma Disaster Tax Relief. 9/2017

Tax Court Upholds IRS's Adjustments to Cement Company's Depletion Deductions. 9/2017

Sixth Circuit Rejects FATCA and FBAR Challenges by Senator Rand Paul and Others. 9/2017

Tax Court Rejects Insurance Expense Deductions Relating to Microcaptive Transaction. 9/2017

Gift Tax on Lifetime Gifts Not Includible in Gross Estate Due to Reimbursement Agreements. 9/2017

Taxpayers Had to Repay ACA Advance Premium Tax Credit Due to Increase in Income. 9/2017

Tax Court: Individual's Sale of Personal Residence to Parents was Part Sale, Part Gift. 9/2017

Late Filing of Tax Return Precludes Recovery of $32,000 Tax Overpayment. 9/2017

In-Depth: IRS Announces Tax Relief for Victims of Hurricane Harvey. 9/2017

Fourth Circuit Upholds Tax Return Preparer's Conviction for Filing False Returns. 9/2017

Native American Treaties Exempt Gravel Sales from Income Tax. 9/2017

Farm Owners Not Exempt from Deduction Limit for Conservation Easement Contribution. 9/2017

Taxpayers Who Elected Standard Deduction Can't Deduct Gambling Losses. 8/2017

IRS Uses US - Canada Treaty as Leverage to Recover FBAR Penalty from US Citizen Living in Canada. 8/2017

Shareholder Liable as Transferee for Dividend Payments Leading to Company's Insolvency. 8/2017

Individual's Personal Loans to Failed Company Qualified for Bad Debt Deduction. 8/2017

Fifth Circuit Vacates Tax Court Holding Against Donors of Conservation Easements. 8/2017

Innocent Spouse Relief Denied for Wife Who Had Reason to Know of Husband's Failure to Pay Taxes. 8/2017

Case Not Moot Where IRS Reserves Right to Reassess Penalties at a Later Date. 8/2017

Co-owner Liable for Employment Taxes Not Paid by Other Co-owner. 8/2017

Unemployment Income Returned in a Later Year Was Taxable in Year Received. 8/2017

Rail Carrier Was Not Required to Withhold Taxes on Payments of Stock to Employees. 8/2017

Royalty Payments Reclassified as Excess Roth IRA Contributions under Substance over Form Doctrine. 8/2017

In-Depth: Corporation's Intercompany Transactions with CFCs Result in Income Recognition. 8/2017

Obamacare Repeal Strikes Out in Senate. What's Next? 8/2017

Court Looks to Tax Code to Determine LLC Owner's Payments on Defaulted SBA Debt. 8/2017

Couple Incorrectly Told They Qualified for Premium Tax Credit Must Repay Credit. 8/2017

District Court Upholds IRS Test to Determine Exempt Status of Political Advocacy Groups. 8/2017

Missed Payment Resulted in Deemed Distribution of Loan from Qualified Profit Sharing Plan. 8/2017

Contractual Right to Receive $225,000 Is a Right to Stock; Section 351(a) Governs Incorporation. 8/2017

Redemption of Foreign Corp's Interest in US Partnership Did Not Result in US Source Capital Gain. 8/2017

Cash Method Landfill Business Can Currently Deduct Estimated Future Cleanup Costs. 8/2017

Senate Begins Floor Debate on Healthcare; New "Skinny" Obamacare Repeal Plan Seen as Leading 7/2017

Tax Court Denies Serial Whistleblower's Request for Anonymity. 7/2017

Subordination of Mortgages after Conveyance of Property Precludes Charitable Deduction. 7/2017

IRS Finalizes Streamlined Process for Applying for Sec. 501(c)(3) Nonprofit Status. 7/2017

Partnership Can't Deduct Contribution of Remainder Interest in Property to University. 7/2017

Firefighter Is Taxable on Disability Retirement Converted to a Service Retirement. 7/2017

Individual Who Directed IRA to Purchase Stock Did Not Receive Taxable IRA Distribution. 7/2017

Expenses for Meals Provided to Hockey Team While Away from Home Were Fully Deductible. 7/2017

IRS Targets Eight Regulations in Attempt to Reduce Regulatory Burden. 7/2017

S Corporation Liable for Employment Taxes Not Paid by Professional Employer Organization. 7/2017

Court Rejects Taxpayer's Reliance on "Outlier" Fifth Circuit Decision. 7/2017

IRS's Computation of Taxpayer's Reasonable Collection Potential Wasn't Reasonable. 7/2017

Court Addresses Issue of Whether Filing Form 1040 Tolls Statute on Unfiled Form 945. 6/2017

Treasury Department Moves Forward on Eliminating Unnecessary Tax Regulations. 6/2017

Sale of Businesses Were Sales of Franchises; Gain Was Capital, Not Ordinary. 6/2017

In-Depth: Senate Unveils Draft of BCRA of 2017; Retains Much of House Healthcare Bill. 6/2017

House Passes Mobile Workforce State Income Tax Simplification Act of 2017. 6/2017

Tax Preparer's Obstruction Conviction Upheld, but Restitution Order Modified. 6/2017

Bank Entitled to Deduct Interest on Loan Connected to STARS Transaction. 6/2017

Taxpayer Made an Informal Refund Claim; She Filed Wrong Form Seeking Innocent Spouse Relief. 6/2017

Entity's Disregarded Status Doesn't Preclude It from Being a Pass-Thru Partner Subject to TEFRA. 6/2017

Veteran's Disability Retirement Benefits Were Excludable from Income. 6/2017

Doctor Escapes Penalty for Inaccurate Returns by Proving Reliance on Return Preparer. 6/2017

In-Depth: IRS Issues Simplified Procedure for Obtaining Extension to Make Portability Election. 6/2017

Court Invalidates Fee Requirement for Preparer Tax ID Numbers. 6/2017

IRS Did Not Abuse Its Discretion in Rejecting Nonprofit's Installment Agreement Request. 6/2017

No Relief Available Where IRS Letter Gave Wrong Date for Filing Tax Court Petition. 6/2017

Sixth Circuit Finds CEO Took Reasonable Steps to Ensure Payment of Payroll Taxes. 6/2017

Prison Inmate Not Eligible for Earned Income Tax Credit on Income Earned While in Hospital. 6/2017

Complaint Filed After Phone Call With IRS Agent Is Broadcast Live on Popular Radio Show. 6/2017

IRS Not Bound by Offer in Compromise with Modified Terms Even Though It Cashed Taxpayer's Check. 6/2017

Failure to Disclose Listed Transaction on Form 8886 Prevented Statute from Running. 6/2017

Property Transferred to Family Limited Partnership Was Included in Decedent's Gross Estate. 6/2017

District Court Incorrectly Applied Factors in Considering If IRS Could Foreclose ... 5/2017

Tax Debts Were Not Dischargeable in Bankruptcy; Late Returns Weren't Returns for Bankruptcy ... 5/2017

Taxpayer Properly Barred from Challenging Penalty in CDP Hearing.. 5/2017

Court Calls Taxpayer's Arguments "Heavy on Chutzpah" ... Prevents Additional Deductions. 5/2017

Tax Court Has Jurisdiction over Penalty Relating to Inconsistent Partnership Reporting. 5/2017

Estate Can't Deduct Interest on Loan Used to Pay Estate Taxes. 5/2017

Federal Circuit Vacates Claims Court Decision on Timing of Investment Scheme Loss ... 5/2017

House Passes Health Care Bill by Slim Margin; Senate Hints That It Will Rewrite the Bill. 5/2017

Retired Police Officer Granted Hardship Waiver for Late Retirement Rollover. 5/2017

Nonprofit Hospital Was a Corporation for Purposes of Calculating Interest Rate on Overpayments. 5/2017

IRS Updates Automatic Accounting Method Change Procedures. 5/2017

Questions Exist as to Whether CEO Willfully Failed to File an Accurate FBAR; Judgment Denied. 5/2017

IRS Clarifies 2015 Changes to Section 179 Expensing and Bonus Depreciation. 5/2017

Court Denies IRS Attempt to Reclassify Workers; Denies Taxpayers' Request to Recoup Costs. 5/2017

Appeals Court Affirms Disbarment of Attorney by Tax Court. 5/2017

Extensions of Variable Prepaid Forward Contracts Did Not Constitute a Sale of Property. 5/2017

Trump Administration Releases Outline of Tax Reform Plan. 5/2017

IRS Records of Workers' Income Tax Payments Were Discoverable by Employer. 4/2017

Nursing Home Manager Liable for Penalties for Failing to Pay Over Payroll Taxes. 4/2017

Wife Escapes Liability for Fraud Penalties with Respect to Husband's Illicit Business. 4/2017

Individual's Claim of Exemption in Bankruptcy Did Not Shield EITC Refund from IRS Offset. 4/2017

Individual Denied S Corporation Basis Increase for Unpaid Judgments on Real Estate Foreclosures. 4/2017

Lawyers in Professional Limited Liability Company Subject to Self-Employment Tax. 4/2017

Tax Organizations Call on Congress to Improve IRS Services to Tax Practitioners. 4/2017

Jury Convicts Former CFO of Florida Resorts of Tax Offenses, Conspiracy, and Bank Fraud. 4/2017

Court Rejects IRS Attempt to Recover Home Sale Proceeds from Debtor's Wife. 4/2017

Proposed Revenue Procedure Addresses Changes Relating to New FASB Standards. 4/2017

Administrative Tasks Don't Count Towards 39-Week Moving Expense Deduction Requirement. 4/2017

Second Circuit Reverses Imposition of Accuracy-Related Penalty; IRS Did Not Obtain Supervisory... 4/2017

Nonresident Aliens' U.S. Summer Jobs Don't Qualify as "Away From Home"; No Deduction Allowed. 4/2017

Charitable Deduction for Contribution of Airplane Interest Doesn't Fly with IRS. 4/2017

Individual Can Ask Bankruptcy Court for Innocent Spouse Relief; Relief Not Limited to Tax Court. 4/2017

Disbarred Attorney Isn't Subject to IRS Oversight With Respect to Tax Return Prep. 4/2017

Taxpayers Did Not Have Unrestricted Right to Funds Fraudulently Acquired. 3/2017

Taxpayer Had No Legitimate Expectation of Privacy in Records Held by CPA. 3/2017

In-Depth Article: Obamacare Repeal Moves to House Floor; Ultimate Passage Uncertain 3/2017

Taxpayer Can Deduct Payments for Alternative Medical Care. 3/2017

Russian Ruble's Collapse Didn't Result in Loss Windfall for Funds' Partner. 3/2017

Nonresident Alien Not Entitled to Withholding Tax Refund on Backgammon Payout. 3/2017

D.C. Circuit Shoots Down Preparer's Claim Relating to Suspension to Practice Before IRS. 3/2017

Dentist Qualifies as Real Estate Professional; Rental Real Estate Losses Are Deductible. 3/2017

Substance-Over-Form Doctrine Doesn't Authorize IRS to Reclassify Transfers from DISC to Roth IRAs. 3/2017

Amicus Brief Couldn't Sway Supreme Court to Hear Bankruptcy Discharge Case. 3/2017

IRS Gears Up to Report Unpaid Taxes to State Dept; Revocation or Denial of Passports Could Result. 3/2017

District Court Bucks the Trend of Penalizing Estates for Relying on Expert's Advice. 3/2017

Pursuant to Executive Order, IRS Won't Reject Returns That Don't Provide Health Insurance ... 3/2017

OMB Directive Offers Interim Guidance on Regulatory Cap; Dearth of New IRS Guidance Continues. 3/2017

How to Handle Missing or Incorrect Forms W-2. 2/2017

Court Affirms Former Trucking Company CEO's Prison Sentence for Tax Evasion and Bank Fraud. 2/2017

Tie-Breaker Rule Prevents Grandmother from Claiming Grandkids as Dependents. 2/2017

Payments by Failing S Corp to Shareholder Were Distributions, Not Wages or Expense .... 2/2017

Return Preparer Liable for Penalty After Failing to Perform Due Diligence. 2/2017

Taxpayers Improperly Deducted Legal Fees Related to Former Employment as Negative "Other Income". 2/2017

Engineering Co. Fails Two-year Test for Exception to Percentage of Completion Accounting Method. 2/2017

Doctor's Surgery Activities Can't be Grouped with Surgical Rental Business. 2/2017

Tax Court Petition Received Eight Days After Deadline Nevertheless Treated as Timely Filed. 2/2017

Accountant's Adoption of New Paperless Tax System Justified Client's Form 3115 Filing Extension. 2/2017

RV is Dwelling Unit Residence so Business-related Depreciation and Interest Deductions Denied. 2/2017

White House Moratorium on Issuing Regs Affects Issuance of Proposed Partnership Audit Rules. 2/2017

Court Rejects Attempt to Use Dissolved S Corp to Deduct Trust Fund Penalty Taxes. 2/2017

IRS Changes Position on Claiming Childless EIC; Amended Returns May be in Order. 2/2017

In-Depth: Prop Regs Update Rules for Claiming Dependency Exemption and Other Tax Benefits. 2/2017

Tax Court Finds No Financial Hardship Exception to IRA Early Withdrawal Penalty. 1/2017

Accumulated Earnings Tax Applies Despite Corporation's Lack of Liquidity. 1/2017

Company Not Entitled to Deduction under Code Sec. 83 for Stock Transferred to Officer. 1/2017

IRS Provides Guidance on De Minimis Safe Harbor from Information Reporting Penalties. 1/2017

IRS Announces that 2016 Filing Season Begins on January 23, 2017. 1/2017

Financial Advisor Can't Use S Corp to Shield Himself from Self-Employment Taxes. 1/2017

An In-Depth Look: Steep IRS Penalties Put a Premium on Timely, Accurate 1099 Reporting. 1/2017

CPA Sample Client Letter: Requirement to File Forms 1099. 1/2017

Chief Counsel Questions Use of Electronic Signatures Where Not Specifically Authorized. 1/2017

Prison Time Considered an "Absence Due to Special Circumstances" in Determining Dependency Exemption 1/2017

Distribution from Decedent's IRA to Wife to Settle Suit with Stepson Is Subject to Tax and Penalties. 1/2017

IRS Failure to Issue Regs Precludes Donor's Use of Alternative Method of Substantiating Contribution. 1/2017

Wharton M.B.A. Expenses Deductible as Unreimbursed Employee Expenses. 1/2017

IRS Extends Time to Request Automatic Consent for Changes Relating to Tangible Property Regs. 1/2017

An In-Depth Look: Top Tax Developments of 2016. 1/2017

Heirs Not Liable for Estate's Taxes as Trustees or as Personal Representatives. 12/2016

Rollover Limit Precludes Waiver of 60-Day Requirement for Taxpayer's Second IRA Distribution. 12/2016

Tax Court: Interest and Property Taxes Relating to Growing of Trees Must Be Capitalized. 12/2016

Dot-Com Mogul Not Entitled to $112 Million Capital Loss from CARDS Transaction. 12/2016

Combat-Injured Veterans Tax Fairness Act of 2016 Extends Statute for Veterans to Collect Refunds. 12/2016

Most Popular: Standard Mileage Rates Decrease in 2017 for Business, Medical, and Moving Purposes. 12/2016

Tax Benefit Rule Doesn't Apply to Inherited Farm Inputs Deducted in Year Paid and Year Used. 12/2016

Chief Counsel's Office Discusses Options Where Portability Election Is Filed Late. 12/2016

In-Depth: 21st Century Cures Act Allows Small Employers to Offer Health Reimbursement Arrangements. 12/2016

Temporary Regs Expand Preparer Due Diligence Requirements to Child Tax Credits. 12/2016

Court Rejects Sunoco's $300 Million Refund Claim Relating to Fuel Mixture Credit. 12/2016

Gift Arose from Merger of Family's Corporations; Case Remanded to Consider Challenges to IRS... 12/2016

Mortgage Modifications Qualify for Debt Forgiveness If Entered into Before January 1st. 12/2016

IRS Finalizes Fee Increases for Taxpayers Entering Into Installment Agreements. 12/2016

IRS's Own Evidence Supports Taxpayer's Mortgage Interest Deductions... 12/2016

Proposed Regs Address IPIC Pooling for Dollar-Value LIFO Method of Accounting. 12/2016

Doctor Subject to Payroll Tax Penalty for Paying Employees Before IRS. 12/2016

Developer's Losses in Real Estate Downturn Don't Translate into Deductible Losses. 12/2016

IRS Extends Deadlines to Furnish Health Coverage Information to Individuals. 12/2016

Court Relies on Owner's Opinion of Property's Value to Determine Casualty Loss. 11/2016

IRS Releases 2017 Retirement Plan COLA Amounts. 11/2016

Decline of Estate's Stock Value Leaves Nothing for Executor; Federal Liens Take Priority. 11/2016

Sovereign Immunity Bars Claims for Emotional Damages from IRS Misconduct. 11/2016

IRS Reminds Practitioners to Renew PTINs for 2017. 11/2016

Deferred Compensation Was Subject to Substantial Risk of Forfeiture Where Employer Provided Twenty-Five Percent Match. 11/2016

Modified Child Support Order Didn't Contradict Taxpayer's Claim That He Was Custodial Parent. 11/2016

Failure to Make Debt Payments for 36-Months No Longer Triggers Deemed Discharge. 11/2016

Taxpayer's Detailed Records Proved Loans Were Bona Fide. 11/2016

Treasury Department Provides Advice on Maximizing Education Tax Credits by Proper Allocation of Scholarships. 11/2016

A Closer Look: IRS Issues Inflation-Adjusted Amounts for 2017. 11/2016

Exchange of Property Between Related Parties Doesn't Qualify as a Like-Kind Exchange. 11/2016

In-Depth Article: Republican Election Sweep Sets the Stage for Major Tax Changes in 2017. 11/2016

Taxpayers Weren't Required to Include "Cash for Keys" Payment in Ordinary Income. 11/2016

Wife Who Spent Time Caring for Disabled Son Was Not a Responsible Person. 11/2016

In-Depth Article: 2016 Year-End Tax Planning for Businesses. 11/2016

In-Depth Article: 2016 Year-End Tax Planning for Individuals. 11/2016

CPA Client Letter: 2016 Year-End Tax Planning for INDIVIDUALS.11/2016

CPA Client Letter: 2016 Year-End Tax Planning for BUSINESSES. 11/2016

IRS Limits Application of Debt/Equity Regs, Expands Exceptions... 11/2016

Investigation of Father's Mysterious Death Was a Hobby, Not a Business. 11/2016

Temp Regs Allow More Time to Make Disaster Loss Elections. 10/2016

Loss from Sale of Equipment Used to Generate DPGR Didn't Affect QPAI. 10/2016

Trust Can't Deduct Charitable Contributions Where Will Did Not Explicitly Allow Them. 10/2016

Social Security Wage Base to Increase Sharply in 2017. 10/2016

New Overtime Rules Go Into Effect December 1st; What Tax Practitioners Need to Know. 10/2016

Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock... 10/2016

Incompetent Legal Counsel Doesn't Excuse Estate from Late Filing Penalties. 10/2016

IRS Updates Per Diem Rates for Travel Away From Home. 10/2016

Estate Could Deduct Theft Loss Decedent's LLC Suffered in Madoff Ponzi Scheme. 10/2016

In-Depth: IRS Finalizes Regulations on Internal Use Software for Purposes of the Research Credit. 10/2016

IRS Updates Guidance on Unnecessary QTIP Elections to Address DSUE Portability. 10/2016

In-Depth: IRS Revamps Partnership Disguised Sale Rules and Partnership Liability Regs. 10/2016

IRS Rejects LLC Member's.. Income Attributable to Capital Isn't Self-Employment Income. 10/2016

Pastor's Vow of Poverty Didn't Insulate Him from Federal Income Taxes. 10/2016

IRS Can Abate Penalties Where Taxpayer's Dementia Causes Failure to File Returns. 10/2016

No Foreign Tax Credit Where Sisters Couldn't Prove Virgin Island Residency. 10/2016

Teacher Entitled to Deductions for Home Office Used for Administrative Assignments. 10/2016

Settlement for Disability Benefits Not Excludable as Damages for Sickness. 9/2016

IRS Finalizes Regulations Reflecting Same-Sex Marriage Cases and Rulings. 9/2016

Royalties Are Ordinary Income Where Doctor Retained Rights in Patents. 9/2016

Purported Like-Kind Exchanges Involving Sale-Leasebacks Didn't Meet Section 1031 Requirements. 9/2016

Gross Receipts from Taxpayer's Construction Activities Qualify as DPGR. 9/2016

Attempts to Avoid Land Use Restrictions Betrayed Intention to Develop Property for Sale... 9/2016

In-Depth: IRS Releases Audit Technique Guide on Capitalization of Tangible Property. 9/2016

Taxpayers' Withdrawal of Excess IRA Contributions Weren't Timely; Seventh Circuit Upholds Penalty. 9/2016

IRS Addresses Retroactive Application of Bonus Depreciation Extended by PATH. 9/2016

Payment of S Shareholder's Personal Expenses Were Loan Repayments, Not Wages. 9/2016

Partnership Not Entitled to Capital Gain Treatment on Forfeited Deposit. 9/2016

Ninth Circuit Affirms Home Builder's Use of Completed Contract Method for Planned Community. 9/2016

IRS Finalizes PTIN Fee Reduction. 8/2016

D.C. Circuit: Tax Court Erred in Its Analysis of U.S.-France Totalization Agreement. 8/2016

Sample CRAT Provision Provides Alternative for Satisfying Probability of Exhaustion Test. 8/2016

IRS Issues Procedures for Electing to Apply New Partnership Audit Regime. 8/2016

Taxpayer Is Liable for Self-Employment Taxes Rather Than His Bankruptcy Estate. 8/2016

Proposed Regs Increase User Fees for Installment Agreements. 8/2016

Court Voids Penalties for Late Filing Where Taxpayer Had a String of Bad Luck. 8/2016

Consultant Had Accounting Method Change; Reliance on CPA Helps Him Avoid Penalties. 8/2016

Retired Air Force Pilot Couldn't Deduct Start-Up Costs of Nascent Aviation Business. 8/2016

Chief Counsel's Office Focuses on Whether Companion Sitters Are Household Employees. 8/2016

Injured Vet Was Not Financially Disabled; Statute Had Run on Collecting Tax Refund. 8/2016

Tax Court Grants Drug Store Significant Latitude in Structuring 1031 Exchange. 8/2016

New IRS Procedure Lets Taxpayers Self-Certify Eligibility for Waiver of 60-Day Rollover Requirement. 8/2016

Accounting Manager Could Deduct Costs of Pursuing Executive MBA Degree. 8/2016

Prop. Regs Aim to Close Loopholes on Valuation of Certain Transferred Interests. 8/2016

Prop. Regs Address New Reporting for Qualified Tuition Deduction and Education Credits. 8/2016

Two Cases Illustrate Importance of Material Participation for Real Estate Professionals. 8/2016

Income from Exempt Organization's Inherited Rental Properties Won't Lead to UBTI. 8/2016

Taxes Not Dischargeable in Bankruptcy Where Debtor Filed Return 7 Years Late. 8/2016

Seventh Circuit Reverses Tax Court; Taxpayer Not Entitled to Abatement of Interest. 8/2016

IRS Eliminates Requirement to Submit Copy of Section 83(b) Election With Returns. 8/2016

Couple Can Deduct Most of Wages Paid to Children Doing Jobs for Family Machinery Business. 8/2016

Deduction for Section 167(h) Geological and Geophysical Expenses Applies to Non-Owners Also. 8/2016

Online Gambling Accounts with Offshore Sites Didn't Require FBAR Reporting. 8/2016

No Casualty Loss Deduction Allowed for Payments to Repair Collapsed Retaining Wall. 8/2016

Couple Can't Deduct Losses from Amway Distributorship. 7/2016

Rollover Requirement Not Waived Where Taxpayer Used IRA Funds as Short-Term Loan. 7/2016

Guidance Issued on NAV Method of Accounting for Money Market Funds. 7/2016

Worker Not Entitled to Damages Under Tax Code for Alleged Employment Misclassification. 7/2016

IRS Rules that Birth of a Second Child was "Unforeseen Circumstance" for Purpose of Section 121 Exclusion. 7/2016

Lawyer's Automobile Restoration Activity Not a Hobby. 7/2016

IRS Rejects Estate's Attempt to Retroactively Designate Trusts as IRA Beneficiaries. 7/2016

Abandonment Loss Allowed for Leasehold Improvements Upon Couple's Eviction from Store. 7/2016

Final and Temp Regulations Issued on Section 501(c)(4) Reporting Requirements. 7/2016

In-Depth: Proposed Premium Tax Credit Regs Address Opt-Out Payments, Credit Eligibility. 7/2016

Passive Participation in Oil and Gas Ventures Is Subject to Self-Employment Tax. 7/2016

Texas Tycoon Liable for Over $1 Billion to IRS for Using Offshore Entities to Avoid Taxes. 7/2016

IRS Clarifies Term "Taxpayer" for Purposes of Excluding Cancellation of Debt Income. 6/2016

Taxpayer Couldn't Deduct Loss for Forfeited Proceeds from Insider Trading. 6/2016

Debt on Real Property Primarily Held for Sale to Customers Not Eligible for Exception from COD Income Rules. 6/2016

Sale of Marital Businesses to Former Spouse Qualifies for Nonrecognition Treatment 6/2016

In-Depth: IRS Addresses Calculation of Taxable Portion of Phased Retirement Payments. 6/2016

IRS Reduces Application Fee for Exemption Requests Submitted on Form 1023-EZ. 6/2016

Doctor Couldn't Group Airplane and Medical Activities; Losses Disallowed. 6/2016

Tax Preparer Escapes Fraud Penalty; Requisite Intent Not Found. 6/2016

Taxable Income Includes Cash Rewards and Premium Reimbursements under Wellness Programs. 6/2016

Taxpayer Met Requisite Hours to be a Real Estate Professional; Passive Loss Rules Not Applicable. 6/2016

Tax Payment on Behalf of Ponzi Scheme Inventor Must Be Returned by IRS. 6/2016

Bankruptcy Estate, Not Shareholders, Liable for Taxes from Sale of S Stock. 6/2016

In-Depth: Post-Retirement Distributions under Deferred Comp Plan Subject to Self-Employment Taxes. 6/2016

Owner Had Reasonable Basis for Classifying Home Care Workers as Independent Contractors. 5/2016

District Court Sides with House Republicans, Rejects Obamacare Cost-Sharing Reimbursements. 5/2016

$11 Million Paid to Officer-Shareholders of Closely Held Contracting Business was Reasonable Compensation. 5/2016

Third Circuit: All-Events Test Allows Business to Deduct Unredeemed Loyalty Perks. 5/2016

California Can't Compel Controversial Nonprofit to Disclose Donor Information. 5/2016

Temp Regs Clarify Self-Employment Tax Obligations Where a Partnership Owns a Disregarded Entity. 5/2016

IRS Updates List of Automatic Changes for Accounting Methods. 5/2016

In-Depth Article: Court Looks to NOL Carryover Rules to Deny Taxpayer's Use of Late Husband's AMT Credit Carryover. 5/2016

Former Tax Court Judge Indicted for Tax Evasion, Filing False Returns, and Impeding an Audit. 4/2016

Loan Guarantees to Self-Directed IRA Results in Deemed Distribution and Penalties to Owners. 4/2016

Senate Finance Committee Drops Tax Preparer Regulation Provision from Bill on Taxpayer Protections. 4/2016

Proposed Regs Clarify Amount and Timing of Deemed Distributions from Adjustments to Stock Rights. 4/2016

Estate Not Liable for Additional Taxes in Split-Dollar Insurance Arrangement. 4/2016

Taxpayer Granted Refund where IRS Substitute Returns Failed to Account for Foreign Taxes Paid. 4/2016

Income from Sporadic Sales of Scrap Metal Not Subject to Self-Employment Tax. 4/2016

Temp and Prop Regs Combat Corporate Inversions and Earnings Stripping. 4/2016

In-Depth: Seventh Circuit Reverses Tax Court, Allows Losses from Horse-Racing Activity. 4/2016

Recently Released Blue Book Addresses Questions Posed by the New Partnership Audit Regime. 3/2016

IRS Provides Transition Relief Regarding Changes to the Work Opportunity Tax Credit. 3/2016

Payments to Related Company for Prod Dev Were Constructive Dividends to Common Owner. 3/2016

No Theft Loss Where Couple Can't Prove Year They Abandoned Arbitration Claim. 3/2016

In-Depth: IRS Issues Proposed Regs on Estate Basis Reporting; AICPA Pushes for Deadline Extension. 3/2016

IRS Finalizes New Form 8971 for Reporting Estate Distributions; Delays Filing Deadline to 03/31. 2/2016

Taxpayer Escapes Penalty Where Self-Directed IRA Funds Went Straight to Investment. 2/2016

Hollywood Set Designer Entitled to Deduct Expenses as an Independent Contractor. 1/27/2016

IRS Agent Erred in Applying Hobby Loss Rules to "Productive Use" Test for Like-Kind Exchange. 1/26/2016

Sales of Real Property are Sporadic, Therefore Loss on Foreclosure Is Capital. 1/25/2016

Employer Guidance Issued on Retroactive Increase in Excludable Transit Benefits for 2015. 1/21/2016

Sixth Circuit Reverses Tax Court; Foreign Currency Option Can be a Foreign Currency Contract. 1/20/2016

IRS Withdraws Controversial Prop Reg Allowing Nonprofits to Collect Donor SSNs. 1/18/2016

CPA Client Letter: Requirement to File Forms 1099. January 16, 2015

In-Depth: 1099 Reporting Takes on New Prominence as Sharp Penalty Increases Take Effect. 1/16/2016

Updated CPA Client Letter: 2015 Tax Extenders (PATH) for Individual Taxpayers. January 11, 2015

Updated CPA Client Letter: 2015 Tax Extenders (PATH) for Business Taxpayers. January 11, 2015

In-Depth Article: Congress Permanently Extends Numerous Tax Provisions Including Increased Section 179 Expensing and Enhanced Child Tax Credit. UPDATED 1/11/2015

IRS Extends Deadline for Applicable Large Employers to Report Health Coverage Information. 1/7/2016

Special Report: TOP 15 TAX DEVELOPMENTS OF 2015. 1/6/2016

No Plug-in Electric Vehicle Credit Where Golf-Cart Wasn't Delivered in Appropriate Tax Year. 12/17/2015

No Loss Allowed for Expired Contract Where Business Continued as Normal. 12/16/2015

Pending Federal Income Tax Refunds Are Includible in Gross Estate. 12/15/2015

IRS Addresses Employer Payment of Employee Coverage Provided Under a Spouse's Group Health Plan. 12/14/2015

Discharge of Corinthian College-Related Student Loans Won't Result in Taxable Income. 12/11/2015

IRS Finds Fault with Taxpayer's Statistical Sampling Study; Structural Component Disposition Loss Reduced. 12/10/2015

Taxpayer's Care of Terminally Ill Wife Is Reasonable Cause for Failure to File Return and Pay Tax. 12/9/2015

IRS Increases Tangible Property De Minimis Safe Harbor Threshold for Taxpayers Without an Applicable Financial Statement. 12/8/2015

In-Depth: 2015 Saw Significant Tax Law Changes, But Tax Extenders Remain up in the Air. 12/7/2015

Sports Team Didn't Produce Game Broadcasts, Wasn't Entitled to DPGR Deductions. 12/1/2015

Court Rejects IRS Arguments Aimed at Limiting Taxpayers' Real Estate Losses. 11/24/2015

IRS Issues Safe Harbor Method for Restaurant and Retail Store Remodeling Projects. 11/23/2015

Acquisition Cost of Internet Domain Names Must Generally be Capitalized and Amortized. 11/18/2015

Fifth Circuit Affirms Bright Line Test on Use of Completed Contract Method by Developers. 11/16/2015

In-Depth: Bipartisan Budget Act Avoids Government Shutdown, Replaces TEFRA Partnership Audit Procedures. 11/13/2015

In-Depth Article: CPA Year-End Tax Planning for Businesses 2015. 11/8/2015

In-Depth Article: CPA Year-End Tax Planning for Individuals 2015. 11/8/2015

IRS Goes After Law Firm for Tax Shelter Transactions, Assesses Over $11 Million in Penalties. 11/6/2015

Taxpayer's Cancer Doesn't Negate Liability for Tax on Discharged Debt Income. 11/5/2015

IRS Issues Proposed Regs Applying Supreme Court Decisions on Same-Sex Marriage. 11/4/2015

Eleventh Circuit Rejects Penalties Relating to Voluntary Disclosure under Amnesty Program. 11/2/2015

IRS Releases Retirement Plan COLA Amounts for 2016. 10/27/2015

Ninth Circuit Rejects Assignment of Noncompete Income to Partnership that Contributed No Value to Joint Venture. 10/27/2015

Modified Obamacare Definition of "Small Business" Indirectly Affects Cafeteria Plans. 10/26/2015

CPA Client Letter: Year-End Tax Planning for 2015 for Individuals. October 25, 2015

CPA Client Letter: Year-End Tax Planning for 2015 for Businesses. October 25, 2015

IRS and SSA Release Inflation-Adjusted Amounts for 2016; Social Security Wage Base and Many Other Amounts Unchanged. 10/23/2015

Cigarette Reseller Not Eligible for Small Reseller Exception; UNICAP Rules Apply. 10/22/2015

Company's Production of Unit Doses of Medicine Qualifies for Section 199 Deduction. 10/19/2015

IRS Begins Launching 2015 Draft Forms and Instructions; What's New for 2015. 10/16/2015

Multiple Poker Tournament Buy-Ins Aren't Aggregated for Form W-2G Reporting. 10/9/2015

Economic Substance Doctrine Can Be Applied to Disallow Foreign Tax Credits. 10/8/2015

Internal Revenue Service Issues Annual Per Diem Guidance. 10/7/2015

IRS Eliminates Foreign Goodwill Exception for Tax-Free Transfers of US Intangibles. 10/6/2015

Taxpayer's Debt Was Discharged Years Earlier than Form 1099-C Indicated. 10/5/2015

Fifth Circuit Agrees That Custom Homebuilder Must Capitalize CEO's Salary. 10/1/2015

No Fraud Found Where IRS and Taxpayer's CPA Turned Their Heads on Improper Inventory Reporting. 9/30/2015

Guidance Addresses Retroactive Application of Bonus Depreciation Extended by TIPA. 9/29/2015

Late Filings by Individual Partners Preclude Abatement of Penalty for Late Form 1065. 9/28/2015

Taxpayers Can Reduce Value of Gift for Assumption of Code Section 2035(b) Estate Tax Liability. 9/25/2015

Increase to a Reserve Account Does Not Satisfy the Bad Debt Charge-Off Requirement. 9/23/2015

Unauthorized Incorporation of Business Precludes Deduction of Business Expenses on Form 1040. 9/22/2015

Prop. Regs Clarify Calculation of Code Sec. 6707A Penalties on Reportable Transactions. 9/21/2015

IRS Will No Longer Accept $100 Million Checks Beginning in 2016. 9/20/2015

IRS Proposed Regs Require Healthcare Plans to Provide Hospital Coverage. 9/19/2015

Court Absolves Poker-Playing President for Corporation's Failure to File Forms W-2 and W-3. 9/18/2015

IRS Issues Temporary and Proposed Regs Preventing CFCs from Using Partnerships to Defer U.S. Taxation. 9/17/2015

IRS Has an Unlimited Time to Assess Excise Tax When Form 5330 Is Not Filed. 9/16/2015

Taxpayer Can't Use Principal-Residence Exclusion to Reduce Gain from Reacquiring Home. 9/15/2015

Proposed Regulations Address Tax on Gifts and Bequests from Expatriates. 9/11/2015

Donee's Liability for Donor's Unpaid Gift Tax Is Capped at Gift Amount, Fifth Circuit Holds. 9/10/2015

Steep Increases in Information Reporting Penalties Set to Take Effect in January. 9/9/2015

In-Depth: IRS Issues Proposed and Temporary Regs on Domestic Production Activities. 9/8/2015

Value of Identity Protection Services Excludable from Gross Income. 9/7/2015

Abused Wife with Mental and Physical Health Issues Qualifies for Innocent Spouse Relief. 9/6/2015

Ninth Circuit Denies Easement Deduction Where Mortgage on Property Wasn't Subordinated to Easement. 9/4/2015

Taxpayer's Statute of Limitations Isn't Extended by Third Party's "Intent to Evade Tax". 9/3/2015

Partners' "Sweat Equity" Translated into Capital Gain, Not Ordinary Income. 9/2/2015

Tax Court Denies Deductions for U.S. Legal Education of Attorney Licensed Abroad. 9/1/2015

Tax Court Limits Charitable Contribution Deduction for Remainder Interests in CRTs. 8/27/2015

Car Rental Company Can't Take Casualty Loss Deduction for Totaled Vehicles. 8/26/2015

Farming Corporation Can Deduct Field-Packing Materials in Year Purchased. 8/26/2015

Couple Materially Participated in Charter Boat Business; Losses Not Passive. 8/25/2015

In-Depth: IRS Issues Final Regs on Determining Distributive Share When a Partner's Interest Changes. 8/24/2015

IRS Issues Prop. Regs. Regarding Allocable Cash Basis and Tiered Partnership Items. 8/23/2015

Ninth Circuit Reverses Tax Court: Unmarried Co-owners Apply Mortgage Interest Limitation on Per-Taxpayer Basis. 8/22/2015

IRS Ends Automatic Extension of W-2 Information Returns to Combat Identity Theft. 8/21/2015

Congress Swaps Partnership and C Corp Deadlines, Overturns Supreme Court Decision. 8/17/2015

IRS Announces Changes to Employee Plans Determination Letter Program. 8/14/2015

Interest on S Corp Tax Overpayments Is Calculated at Corporate Rate Rather Than Higher Individual Rate. 8/13/2015

Land Parcels' Modifiable Boundaries Defeats Deduction for Conservation Easement. 8/12/2015

Tax Court Holds Entire Consolidated NOL Is Reduced under Code Sec. 108. 8/11/2015

IRS Removes Requirement to File Copy of Code Sec. 83(b) Election with Returns. 8/10/2015

Taxpayers Can't Change to Closed Transaction Method of Accounting for Buy-Out Payments. 8/6/2015

Final Section 482 Reg Invalid; Fails to Satisfy "Reasoned Decision Making" Standard. 8/5/2015

IRS Provides Economic Performance Safe Harbor for Ratable Service Contracts. 7/31/2015

Prop Regs on Disguised Payments for Partnership Services Focus on Importance of Entrepreneurial Risk. 7/30/2015

"Welfare Benefit Fund" Was Really a Split-Dollar Insurance Arrangement. 7/29/2015

Court Rejects IRS Attempt to Put S Corporation on Cash Method; Disallows Deductions for Fossil Contributions. 7/28/2015

Pot Dealer's Appeal Goes Up in Smoke; Expenses of Medical Marijuana Business Aren't Deductible. 7/20/2015

Tax Court Fails to Properly Apply "Stern Test", Must Consider Economic Substance. 7/16/2015

Taxpayer's Return Did Not Offer the Necessary "Clue" to Limit Statute to Three Years. 7/15/2015

Section 752 Regs Do Not Determine If Debt Is Recourse or Nonrecourse. 7/14/2015

Tax Court Rejects Diabetic Taxpayer's Attempt to Avoid Penalty on Early Retirement Distribution. 7/12/2015

In-Depth: IRS Issues Proposed Regulations for Section 529A ABLE Programs. 7/11/2015

Taxpayers Can't Use DISC to Disguise Excessive Contributions to Roth IRAs. 7/6/2015

Losses in Pump-and-Dump Stock Scheme Are Capital, Not Theft, Losses. 7/5/2015

In-Depth: Court Upholds Premium Tax Credits to Individuals in States with Federal Exchanges. 7/2/2015

IRS Applicable Federal Rates July 2015. 7/1/2015

Filing the Wrong Withholding Tax Return May Still Start Assessment Period. 6/30/2015

Eighth Circuit: Tax Return Filed with Head-of-Household Status Is Not a "Separate Return". 6/29/2015

Proposed IRS Regulations Address Aggregation of Basis in Corporate Stock Distributions. 6/28/2015

In-Depth: Temp Regs Block Corporations from Using Partnerships to Avoid Recognizing Gains. 6/26/2015

Expenses for Lawsuit against Condo Homeowner's Association Are Partially Deductible. 6/25/2015

11th Circuit Rejects Estate's Attempt to Dodge Code Sec. 642(g)'s Bar on Double Deduction. 6/23/2015

Taxpayer Takes a Hit for Collecting Salary from Business Started with Self-Directed IRA. 6/22/2015

In-Depth: IRS Finalizes Estate and Gift Tax Exclusion Portability Regulations. 6/20/2015

Transfer of Assets to Wholly Owned Corporation Not a Sale; Capital Gains Treatment Denied. 6/18/2015

Penalties Paid to Employee by Employer for Delayed Final Paycheck Are Not FICA Wages. 6/17/2015

S Corp Incurs Hefty Tax Penalties for Failure to Report Welfare Benefit Fund on Form 8886. 6/15/2015

IRS Extends Time to File Forms 3115 for Some Taxpayers & Tweaks Earlier Guidance. 6/12/2015

Tax Court: Gain from Sale of Land Held for Development was Ordinary Income. 6/11/2015

Tax Court: Lackluster Attempts to Rent Vacation Condo Precludes Deductions. 6/9/2015

IRS: Registered Tax Return Preparer (RTRP) Test Fee Refunds – Frequently Asked Questions. 6/9/2015

IRS to Refund Registered Tax Return Preparer Test Fees. 6/9/2015

IRS to End Section 4980D Healthcare Penalty Relief on June 30. 6/8/2015

Defective Change in Accounting Method Can't Be Reversed Years Later without IRS Consent. 6/7/2015

Lump-Sum Payment toward Lessor's Construction Costs Was Rental Income in Year Received. 6/6/2015

CPA Incorrectly Claimed Basis Step-Up for Shares Transferred to Nonresident Alien Wife. 6/4/2015

Tax Court: Ongoing Litigation Precludes Deduction of Casualty Loss from House Fire. 6/3/2015

Flower Retailer's Plan to Donate Profits Failed "Operational Test" for 501(c)(3) Status. 6/2/2015

Charitable Tax Deduction Permitted for Bargain Sale of Property to Retirement Home Developers. 6/1/2015

IRS Issues Proposed Regs Clarifying Code Section 1022 Carryover Basis Rules. 5/26/2015

Portion of Disability Retirement Payments Based on Years of Service were Taxable. 5/24/2015

Long Delay in Loan Enforcement Didn't Establish Taxpayer had Cancellation of Debt Income. 5/23/2015

IRS Addresses Application of Preparer Penalties in Scenarios Involving Amended Returns. 5/22/2015

IRS Updates Designated Private Delivery Services for Timely Filing Rule. 5/21/2015

Taxpayer Can't Deduct Back-Alimony Paid Pursuant to State Court's Final Judgement. 5/20/2015

Taxpayer Can't Claim Former Foster Son's Daughter as Qualifying Child. 5/17/2015

IRS Clarifies Timing of Refund Claims for Foreign Tax Deductions and Credits. 5/15/2015

National Football League Abandons Tax Exempt Status. 5/11/2015

IRS Rules on Tax Consequences of "Triple Drop and Check" Reorganizations. 5/10/2015

Tax Court: Operating Agreement for Oil and Gas Interests Created Partnership. 5/9/2015

First Circuit Upholds 40% Penalty for Grossly Overvalued Historic Preservation Easement. 5/8/2015

Senate Finance Committee Unanimously Approves Changes to Section 529 Plans. 5/7/2015

IRS Announces Health Savings Accounts (HSA) Inflation Adjustment Amounts for 2016. 5/6/2015

Doctor Received Cancellation of Debt Income Stemming from Forgiveness of Incentive Loans. 5/5/2015

Dividends to Insurance Policyholders were Properly Deducted in Year Guaranteed. 5/4/2015

IRS Rules Proposed Disclaimers of Gifts from Deceased Wife were Qualified Disclaimers. 5/3/2015

Eleventh Circuit Upholds Convictions in Stolen Tax Refund Check Scheme. 5/2/2015

Can't Claim Nonresident State Taxes on Partnership Income as Above-the-Line Deductions. 4/30/2015

Accrued Vacation and Sick Leave Payment Upon Retirement Not Excludable as Worker's Comp. 4/29/2015

Tax Court: Travel Time Puts Taxpayer Over the Top for Real Estate Professional Status. 4/28/2015

In-Depth: Allocation of Tax Credits to Minority Partner Deemed a Disguised Sale. 4/27/2015

IRS Relies on Self-Rental Rule to Treat S Corp's Rental Income as Nonpassive. 4/26/2015

IRS Provides Penalty Relief to Taxpayers Affected by Erroneous Forms 1095-A. 4/24/2015

Shareholders Benefitting from Asset Transfer Only Partially Liable for Unpaid Taxes. 4/23/2015

IRS Fails to Follow 3-Step Process for Levying Retirement Account. 4/22/2015

Construction Superintendent Cannot Deduct Long Commutes to Jobsites as Travel Expenses. 4/22/2015

IRS Issues Temporary Regulations on Research Credit Allocation for Controlled Groups. 4/21/2015

IRS Clarifies Limitations Period for Assessing Preparer Penalties for Amended Returns. 4/20/2015

Tax Court: Support Payments Contingent on Homeschooling Child Treated as Alimony. 4/13/2015

Couple Gets $1.4 Million in Gift Tax Exclusions for Transfers to Family Trust. 4/12/2015

Final IRS Regs Clarify Deduction Limitation for Compensation in Excess of $1,000,000. 4/11/2015

Restaurateur's Attempt to Pin $1.6 Million Omission on Tax Accountant Fails. 4/10/2015

Taxpayer's Betrayal of Friend Leads to $7.8 Million Tax Bill. 4/9/2015

Nonemployee Compensation in Tax Shelter Scheme was Not a Return of Capital. 4/6/2015

The Tax Court held Minority Shareholders Liable as Transferees for Corporate Taxes. 4/4/2015

Not a Hobby: Tax Court Disregards Horse Farm's Staggering History of Losses. 4/3/2015

Tax Court: Doctor's Bonus from Wholly Owned Surgical Center Not Reasonable. 4/2/2015

Good-faith Reliance on Attorney Absolves Retiree of Sham Transaction Tax Penalties. 3/30/2015

Passive S Corp Owner Materially Participates in Loss Year, Reaps $5.2M Tax Benefit. 3/29/2015

Dude Ranch Shareholders Liable for Unpaid Corporate Taxes after Liquidation Scheme Collapses. 3/27/2015

Fifth Circuit Allows a Nearly $100 Million Ordinary Loss for Pilgrim's Pride. 3/24/2015

IRS Issues Proposed Rules on Winnings from Electronic Slot Machines. 3/23/2015

Practice Aid: CPA Sample Client Letter for Reporting Gambling Winnings and Losses. 3/23/2015

Bartender's Meticulous Records Defeat IRS's Claim of Unreported Tip Income. 3/19/2015

IRS Proposes "Next Day Rule" for Changes in Consolidated Group Membership. 3/18/2015

Portions of Refundable State Tax "Credits" Were Includable in Federal Income. 3/17/2015

Eight Circuit Rejects Like-Kind-Exchange Structured to Avoid Related Party Restrictions. 3/16/2015

An In-Depth Look: IRS Releases Detailed FAQs Explaining Repair Regulations. 3/14/2015

Inventor's Conspiracy Theories Can't Support Claim of Patent Infringement Theft Loss. 3/11/2015

IRS Employs "Substance Over Form" to Deny Charitable Deductions in Partnership Transaction. 3/10/2015

Tax Court: No Hobby Loss Limits for Inherited Hobby Shop. 3/9/2015

Proposed Rev. Proc. Clarifies Employee Consent Procedures for FICA Tax Refunds. 3/6/2015

Tax Court Sinks Riverboat Pilot's Tax Avoidance Scheme. 3/5/2015

Pending Dispute Over Estate Proceeds Precludes Charitable Tax Deduction on 1041. 3/4/2015

IRS Provides Transition Relief from Staggering $36,500 per Employee Healthcare Penalty. 3/3/2015

IRS Ends Confusion Over Form 3115 Requirements, Provides Relief to Small Businesses. 3/2/2015

Taxpayers With Incorrect Tax Information On IRS Form 1095-A Urged To Delay Filing. 3/1/2015

2015 Luxury Vehicle Depreciation Limits and Lease Inclusion Amounts Announced. 2/24/2015

Corporate Director Cannot Seek Contribution from CFO for Withholding Tax Penalties. 2/23/2015

Burst Water Pipe Helps Taxpayers Avoid Accuracy-Related Penalty. 2/22/2015

Tax Court: Dependency Exemption Stands, Daughter Not Married under Common Law. 2/18/2015

How to Handle Missing or Incorrect Forms W-2 and 1099. 2/17/2015

Client Funding Prevents Engineering Firm from Claiming Research Credit. 2/16/2015

No Capital Gain Treatment for Properties Purchased at Tax Auctions for Quick Resale. 2/15/2015

Breaking: IRS Clarifies Confusion Over Form 3115 Filing Requirements And Small Businesses. 2/14/2015

Tax Court Rejects Taxpayer's Attempt to Prioritize Alimony Over Child Support. 2/13/2015

Tax-Turtle Taxpayer Can't Deduct Travel Expenses. 2/12/2015

AICPA Addresses Escalating Concerns Surrounding Repair and Capitalization Regs. 2/11/2015

Bankruptcy Court Prorates Tax Refund Between Debtor and Bankruptcy Estate. 2/11/2015

IRS Fails to Provide New Accounting Method "Change Numbers" in Form 3115 Instructions. 2/10/2015

Son Could Deduct Mortgage Interest as Equitable Owner of his Mother's House. 2/8/2015

An In-Depth Look: IRS Updates and Clarifies Procedures for Accounting Method Changes. 2/7/2015

No Foreign Earned Income Exclusion for Taxpayer with Multiple U.S. Residences. 2/2/2015

Tax Court: Payments for Egg Donations are Taxable Compensation. 2/1/2015

An In-Depth Look: Proposed IRS Regs Clarify Research Credit for Internal Use Software. 1/31/2015

IRS Announces Penalty Relief Relating to Premium Tax Credit Advance Payments. 1/30/2015

Late Filed 1040s are Not "Returns" Under Bankruptcy Discharge Exception. 1/29/2015

Money Services Business Not a Bank; Tax Write Off of Bad Securities Denied. 1/28/2015

No Refund Available for FICA Taxes on Compensation Deferred but Never Received. 1/27/2015

Tax Court Clips Attorney-Pilot's Wings, Disallows Nearly 80 Percent of Flight Expenses. 1/26/2015

Fifth Circuit Upholds Constructive Receipt of Stock Redemption Proceeds. 1/24/2015

IRS Releases Employer Guidance on Retroactive Increase in Excludable Transit Benefits. 1/23/2015

Ex-CPA Tax Protester Slammed With Fraud Penalty and $25,000 Sanction. 1/22/2015

Third Circuit Denies Capital Gain Treatment of Oil and Gas Lease Bonus Payments. 1/20/2015

In-Depth: As Tax Deadline Approaches, Stakes Remain High on 1099 Reporting. 1/17/2015

Practice Aid: CPA Client Letter: Requirement to File Forms 1099. 1/17/2015

IRS Releases Guidance on Tax Preparer Best Practices for Determining ACA Penalties. 1/16/2015

IRS Chief Counsel: Government Entities Can Allocate Sec. 179D Deduction to Designers. 1/15/2015

First-Time Homebuyer Tax Credit Denied Due to Timing of Seller-Financed Contract. 1/14/2015

Bankrupt Payroll Processing Company Cannot Reclaim Funds Transferred to IRS. 1/13/2015

Disabled Coast Guard Veteran Can't Exclude Retirement Payments from Income. 1/8/2015

IRS Clarifies Who Gets Mortgage Interest Deductions in Three Nettlesome Scenarios. 1/7/2015

IRS Announces 2015 Filing Season to Begin on January 20, 2015. 1/7/2015

Tax Court Weighs Effects of Landlord's Disability in Determining "Real Estate Professional" Status. 1/5/2015

Taxpayers' Lodging Expenses Allowed; New York Apartment Was Not Tax Home. 1/4/2015

Top 10 Tax Developments of 2014: Drama, Confusion and Eleventh Hour Decisions. 1/1/2015


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