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Tax Research Articles - Archived

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

Absentee Owner and President of Corp Was "Responsible Person" For Payroll Taxes. 12/28/2014

Ninth Circuit Rejects Valuation of Partnership Interest Based on Hypothetical Asset Sale. 12/27/2014

Practice Aid: CPA Client Letter: 2014 Year End Tax Planning for Businesses Post TIPA. 12/26/2014

Practice Aid: CPA Client Letter: 2014 Year End Tax Planning for Individuals Post TIPA. 12/26/2014

IRS: Reflective Roof Installed in Connection with Solar Panels Qualifies for Energy Credit. 12/26/2014

IRS Issues 2015 Standard Mileage Rates for Business, Medical and Moving. 12/23/2014

New Law Provides Tax-Favored Savings Plans for Disabled Individuals. 12/23/2014

Practice Aid: CPA Client Letter Regarding 2014 TIPA For Businesses. 12/26/2014

Practice Aid: CPA Client Letter Regarding 2014 TIPA For Individuals. 12/26/2014

Tax Extender Bill Leaves Five Tax Breaks in the Dust. 12/22/2014

In-Depth: Tax Extenders Bill Passes Congress, President Expected to Sign into Law. 12/18/2014

Tax Losses on Vacation Home Rental Limited Because of Excessive Personal Use Days. 12/18/2014

IRS Grants Extension to Exclude Income from Discharge of Indebtedness. 12/18/2014

IRS Abused Discretion in Conditioning Installment Agreement on Filing Tax Lien. 12/17/2014

A Quick Look: Final IRS Regs Minimum Essential Coverage Requirement for Individual Mandate. 12/17/2014

IRS Issues Guidance on Exclusion for Employer-Provided Transit Smartcards. 12/9/2014

Tax Court Erred in Treating Sale of Interest in Litigation as Ordinary Income. 12/8/2014

Construction Company Can Deduct Motocross Racing Expenses of Owner's Son. 12/7/2014

An In-Depth Look: House Passes Tax Extenders Bill, Possibly Breaking Year-Long Impasse. 12/5/2014

Ninth Circuit Reverses Tax Court: Partners Cannot Selectively Opt Out of TEFRA Proceedings. 12/3/2014

Software Licensing Arrangement Qualifies for Domestic Production Activities Deduction. 12/2/2014

IRS Regs on Failure to File Gain Recognition Agreements Relaxes Standards for Penalty Relief. 12/1/2014

IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers - Provides Transition Rule. 11/30/2014

Expert Trainer's Involvement in Thoroughbred Venture Helps Taxpayers Avoid Hobby... 11/25/2014

Proprietor of a Residential Glass Business Failed to Establish He Was a Real Estate Professional. 11/25/2014

Net-Worth Method Used to Support Fraud Determination Against Surf Shop Owners. 11/24/2014

S Corp's AAA Resets to Zero Following Post-Termination Transition Period. 11/23/2014

Supreme Court to Review Obamacare Insurance Subsidy Case in Wake of Circuit Split. 11/21/2014

A Practical Guide: Perfecting Your Tax Research Techniques. 11/2014

Taxpayer Denied Mortgage Interest Deduction - Equitable Ownership Claim Rejected. 11/15/2014

Court Dismisses Suits Over Alleged IRS Mishandling of Requests for Tax-Exempt Status. 11/14/2014

In-Depth: Year-End BUSINESS Tax Planning Focuses on Tangible Property Rules and Tax Extenders.

Practice Aid: Sample CPA Client Letter: 2014 Year End Tax Planning for BUSINESSES. 11/2014

Innocent Spouse Relief Granted Due to Lack of Knowledge or Control of Corporate Finances. 11/13/2014

Healthcare Plans Lacking Hospital Coverage Do Not Meet Employer Mandate Requirements. 11/12/2014

In-Depth: 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. 11/9/2014

A Closer Look: IRS Releases Inflation-Adjusted Amounts for 2015. 11/8/2014

IRS Reminds Practitioners to Renew PTINs. 11/6/2014

IRS Collections Activity Barred by Statute of Limitations Because Taxpayer Lived in U.S. 11/5/2014

Contributions of Distressed Brazilian Receivables Generate Massive Penalties. 11/4/2014

IRS: Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock. 11/4/2014

Additional Child Tax Credit Exempt from Bankruptcy Estate. 11/3/2014

Eighth Circuit Reverses Tax Court on Treatment of CRP Payments to Nonfarmer. 11/2/2014

In-Depth: Year-End Tax Planning for INDIVIDUALS in Light of Uncertainty Regarding Tax Extenders.

Practice Aid: Sample CPA Client Letter: 2014 Year End Tax Planning for INDIVIDUALS. 11/2014

IRS Releases Inflation Adjusted Retirement Plan Limitations for 2015. 10/31/2014

IRS Clarifies Terms Relating to the Economic Substance Doctrine. 10/30/2014

IRS to Eliminate 36-Month Rule for Deemed Debt Discharges. 10/29/2014

Graduated Tax Rate Applies to Affiliated Group with Qualified Personal Service Corp. 10/28/2014

IRS Simplifies Reporting of Canadian Retirement Plans; Eliminates Form 8891. 10/23/2014

Estate Tax: Fifth Circuit Court Upholds Fractional Discounts for Fractional Interests. 10/22/2014

Dual Resident Can't Informally Abandon U.S. Resident Status and Escape Tax on Stock Sale. 10/19/2014

Obamacare: ACA Challenges Continue with Oklahoma Court Invalidating Section 36B Regs. 10/18/2014

Final Regs Provide Safe Harbor for Local Lodging Expenses. 10/17/2014

Divided Tax Court Holds That CSRS Did Not Accept Contribution as a Rollover. 10/16/2014

Figurehead Shareholders Can't Shield Patent Owner from Ordinary Income on Royalties. 10/15/2014

Practice Tip: Tax Court Mostly Agrees with Taxpayer on Research Tax Credit. 10/14/2014

IRS Issues Guidance on Allocation of After-Tax Amounts to Rollovers. 10/13/2014

Tax Court Holds That Distinguished Artist's Work Was Not a Hobby. 10/12/2014

Ninth Circuit Permits Equitable Recoupment for Late Refund Claim. 10/08/2014

Litigation Costs Denied Where IRS had Substantially Justifiable Position. 10/07/2014

Deduction for Year-End Bonus Denied Because Company Could Not Honor Check. 10/06/2014

Couple Can Exclude Settlement Proceeds from Abusive Tax Shelter Scheme. 10/03/2014

Bankruptcy Debtor's Lavish Lifestyle Doesn't Preclude a Discharge of Taxes. 09/30/2014

In-Depth: IRS Extends Time to Make Late Partial Asset Disposition Election. 09/29/2014

Deductions for Expenses Incurred in Attempting to Rent Farmhouse Disallowed. 09/27/2014

IRS Clamps Down on Corporate Inversions and Related Transactions. 09/26/2014

No Theft Loss or Bad Debt Deduction Allowed for Unwise Investment made by Taxpayers. 09/19/2014

Reliance on Tax Attorney's Oral Advice Negates Penalty on Tax Understatement. 09/18/2014

In-Depth: Ninth Circuit Holds that FedEx Drivers Aren't Independent Contractors. 09/17/2014

IRS Issues Nonacquiescence in Employment Tax Withholding Case. 09/17/2014

Home Concrete Opinion Doesn't Affect Prior Tax Court "Gross Income" Decisions. 09/16/2014

Obamacare Insurance Subsidy Case to be Reheard by Entire D.C. Circuit Court. 09/15/2014

General Partner Can't Use State Law to Escape Partnership's Federal Tax Debt. 09/10/2014

Exclusion of Airline Ticket Award from Income Doesn't Fly with IRS. 09/09/2014

An In-Depth Look: IRS Finalizes Regs on Dispositions of Tangible Depreciable Property. 09/08/2014

Taxpayer Entitled to Home Office Tax Deduction for Portion of Studio Apartment. 08/28/2014

A Disregarded Entity Is Not Disregarded in Valuing an LLC Successor Member Interest. 08/27/2014

Jones Day Seeks Expedited Appeal before Supreme Court on Obamacare Subsidies Issue. 08/26/2014

Taxpayer Gets Rare Win on Conservation Easement Deduction. 08/25/2014

AICPA Lawsuit Challenges IRS's New Voluntary Tax Return Preparer Program. 08/22/2014

An In-Depth Look: Tax Court Rejects IRS's Excessive Valuation of Estate's Closely Held Stock. 08/21/2014

Taxpayer Can't Deduct Unredeemed Perks Associated with Loyalty Program. 08/13/2014

Subsequent Events Are not Relevant to Deductibility of Research & Experimental Expenses. 08/12/2014

IRS Delays Effective Date of Regs on Bundled Estate and Trust Costs. 08/11/2014

U.S. Corporation Cannot Deduct Fine Paid to Commission of European Community. 08/08/2014

IRS Guidance Attempts to Resolve Circular Relationship Between Code Sections 36B and 162(l). 08/07/2014

IRS Final Regs Address Creation of S Corp Basis with Back-to-Back Loans. 08/06/2014

Circuits Split on Legality of Obamacare Insurance Subsidies in States with Federal Exchanges. 08/05/2014

An In-Depth Look: Research Tax Credit Case Brings Consistency Rule into Focus. 07/21/2014

Merged Corporations Are the "Same Taxpayer" for Interest Netting Purposes. 07/17/2014

Tax Court Modifies April Opinion to Deny "Inequitable" Windfall to IRS. 07/12/2014

Refusal to Pick Up Mail Precludes Ability to Schedule CDP Hearing and Contest Levy. 07/11/2014

An In-Depth Look: IRS Unveils Voluntary Tax Return Preparer Education Program. 07/10/2014

Sixth Circuit OKs Deduction for Lease Termination Costs. 07/09/2014

IRS Finalizes Regs on Small Employer Health Insurance Tax Credit. 07/08/2014

Supreme Court: Circumstantial Evidence Can Suffice to Challenge Motive for IRS Summons. 07/07/2014

Trending: Caring for Wife with Alzheimers Didn't Suspend Statute of Limitations for Tax Refund. 07/05/2014

Tax Court Has Jurisdiction to Review Whistleblower Awards. 07/03/2014

Federal Circuit Affirms Estate's Reliance on Bad Advice Was Reasonable Up to a Point. 07/02/2014

Popular: Fifth Circuit Rejects Tax Court's Enforcement of 40 percent Penalty. 07/02/2014

IRS Regs. Allow Alternative Simplified Credit Election on Amended Tax Returns. 07/01/2014

Overpayment of Estate's Nondeferred Taxes Can Be Applied to Deferred Portion. 07/01/2014

Self-Directed IRA's Purchase of Real Estate Was a Taxable Distribution. 06/27/2014

Closely Held Company Did Not Transfer Goodwill to Owner. 06/27/2014

Reminder: June 30 Deadline Looms for New Electronic FBAR Filing. 06/26/2014

Supreme Court Affirms That Inherited IRAs Are Not Exempt from Bankruptcy Estate. 06/25/2014

Circular 230 Regs Create a Single Set of Standards for All Written Tax Advice. 06/24/2014

Tax Court Holds Gain or Loss on Disposition of Partnership Interest Is an Affected Item. 06/19/2014

Extension of 2009 Return Precludes 2009 Taxes from Being Dischargeable in Bankruptcy. 06/18/2014

Frivolous Tax Return Penalties Survive Taxpayer's Death. 06/17/2014

IRS Pilot Program Aims to Help Small Businesses with Retirement Plan Penalties. 06/16/2014

Court Shuts Down Atheists' Challenge to Religion-Related Code Provisions. 06/14/2014

IRS Can't Collect Taxes from Heiresses Prodded into Stock Deal by Tax Advisers. 06/13/2014

Pro-Israel Organization Can Press Ahead with Politically Charged Tax Case. 06/12/2014

District Court Decision Highlights Split in Circuits on At-Risk Provision. 06/11/2014

Change of Intent Does Not Transform Gain on Property's Sale to Capital Gain. 06/10/2014

Tax Court Set to Decide If Estate Must Pay Tax on Worthless Madoff Account. 06/10/2014

Rancher's Ownership History Is Antithesis of Farming Syndicate; Cash Method Allowed. 06/08/2014

Tax Court Draws Bright Line on Use of Completed Contract Method by Developers. 06/07/2014

Alternative Simplified Credit Methodology on Amended Tax Returns. 06/05/2014

Seventh Circuit Affirms 51-Month Sentence for Tax Return Preparer. 06/05/2014

Tax Court Rejects Charitable Deduction for Easement That Didn't Sufficiently Restrict Use. 06/05/2014

Settlement Payment Is Excludable from Income under Step Transaction Doctrine. 06/04/2014

Eighth Circuit Reverses Tax Court on IRA Rollover, Chastises IRS for Appalling Arguments. 06/04/2014

Final Regs Require Estates and Trusts to Unbundle Fees; Beneficiaries Could See Tax Increases. 06/03/2014

Husband's Joint Tax Return Negated by Wife's Subsequently Filed Separate Return. 06/03/2014

Seller Who Reacquired Principal Residence Must Recognize Previously Excluded Gain. 05/30/2014

Third Circuit Opens the Door for Reasonable Cause Defense to Late Tax Payment Penalty. 05/28/2014

IRS Not Required to Collect Payments from Trust Set Up for Taxpayer. 05/25/2014

IRS Issues Additional FATCA Guidance. 05/23/2014

Tenth Circuit Says 23-Day Notice Requirement for Third-Party Summons Is Mandatory. 05/22/2014

IRS Announces HSA Inflation Adjustment Amounts for 2015. 05/20/2014

Ninth Circuit Remands Case to Consider Novel Limitations Period Argument. 05/19/2014

Tax Court Has Jurisdiction to Determine If Foreign Taxes Were Refunded. 05/16/2014

Estate Can't Amend Form 8939 for Incorrect Allocations by Tax Professional. 05/15/2014

Taxpayer's Estate Owes Luxury and Gas Guzzler Taxes on Exotic Imported Car. 05/14/2014

Automatic Consent for Certain Sales-Based Royalty & Vendor Chargeback Method Changes. 05/12/2014

Legal Fees to Fight Class Action Suit Were Nondeductible Capital Expenses. 05/12/2014

Taxpayer Uses Mitigation Rules to Obtain Refund from Closed Tax Year. 05/09/2014

Court's Rejection of IRS Position on Horse-Related Activity Saves Taxpayer $800,000. 05/08/2014

Taxpayer Can't Deduct Repayment to Mother for Unauthorized Stock Purchases. 05/02/2014

Adult Care Facility Worker Was an Employee, Not an Independent Contractor. 05/01/2014

Estate Beneficiary Doesn't Qualify for First-Time Homebuyer Credit. 04/30/2014

President Signs into Law New Funding Rules for Certain Cooperative and Charity Plans. 04/29/2014

Father Was Custodial Parent Despite Conciliation Agreement's Terms. 04/28/2014

Doctoral Student's Fellowship Grant Is 100 Percent Taxable. 04/27/2014

Foreclosure Is a Fully Taxable Transaction for Purposes of Passive Loss Rules. 04/26/2014

Horse Owner Materially Participated in Horse Breeding and Racing Operation. 04/25/2014

IN-DEPTH: Interpretation of At-Risk Rules on LLC Debt Guarantees. 04/24/2014

Virtual Currency Treated as Property for Tax Purposes. 04/11/2014

Tax Court Holds That a Trust Can Qualify for Rental Real Estate Exception. 04/11/2014

Preparing a Tax Return for a Disabled Veteran - A Step by Step Guide. 04/01/2014

IN-DEPTH: Failure to File Joint Return Precludes Rental Loss Deductions. 03/29/2014

Gambling CPA Can't Deduct Share of Racetrack's Take Out Expenses. 03/28/2014

IRS Adopts Stricter Interpretation of One-Year Waiting Period for IRA Rollovers. 03/27/2014

Supreme Court Holds That Severance Payments Are FICA Wages. 03/27/2014

Budget Proposal Tries to Permanently Extend Research and Experimentation Tax Credit. 03/21/2014

IN-DEPTH: Tax Lien on Pension Plan Survives Bankruptcy Due to Ambiguity in Debtor's Petition. 03/13/2014

IRS Issues Procedures for Accounting Method Changes on Tangible Property Dispositions. 03/13/2014

IRS Clarifies Requirements for Substantial Risk of Forfeiture in Final Regs. 03/12/2014

Millions Received from Qui Tam Award Is Ordinary Income. 03/09/2014

Court Agrees with IRS on Valuing Estate's Closely Held Stock Using NAV Method. 03/06/2014

Failure to Attach Required Documents Precludes Interest on Overpayment. 03/05/2014

Physician's Expenses Properly Treated as Miscellaneous Itemized Deductions on Schedule A. 03/03/2014

IRS Updates Procedure for Elections under New Capitalization Rules. 03/02/2014

IN-DEPTH: Home Builder Triumphs over IRS; Tax Court Allows Deferral of Millions. 02/28/2014

Complying with Court Order Wasn't Good Enough to Get Dependency Deduction. 02/27/2014

Partnership Prop. Regs Would Change Rules on Disguised Sales and Allocation of Liabilities. 02/14/2014

TRENDING: Final IRS Regs Delay Employer-Mandate for Some Medium-Sized Businesses. 02/13/2014

IRS Updates Accounting Method Procedure for Adopting Favorable Capitalization Rules. 01/30/2014

Financial Adviser's Control over Taxpayers' Self-Directed IRA Proves Costly. 01/17/2014

Form 1099 Questions on Tax Forms Continue to Plague Practitioners. 01/2014

IN-DEPTH: IRS Draft Instructions for Form 8960 Plays Down Gaps in NIIT Guidance. 01/2014

Grad School Deduction Disallowed Taxpayer Was Not Established in a Trade or Business. 01/2014

IN-DEPTH: IRA Withdrawals Pursuant to Forged Signatures by Wife Aren't Taxable to Husband. 01/2014

New Partnership Must Continue Amortizing Start-up Costs of Terminating Partnership. 12/2013

Top 15 Tax Developments of 2013. 12/2013

IN-DEPTH: Final Regs on .9% Additional Medicare Tax Address Repayment of Prior Year Wages. 12/06/2013

Proposed Regs Aim to Restrict Political Activities by Tax-Exempt Organizations. 12/05/2013

IN-DEPTH: 3.8% Net Investment Income Tax Regs Contain Substantial Changes. 12/04/2013

Final Regs on .9% Additional Medicare Tax Address Repayment of Prior Year Wages. 12/02/2013

Bad Debt Deduction Denied Where There Was No Legal Obligation to Pay Debt. 11/23/2013

Doubt is Growing on Whether Expiring Tax Provisions Will Be Extended. 11/21/2013

Couple Escapes Penalty after Falsely Claiming Refundable Tax Credits and Rebates. 11/20/2013

District Court Allows Foreign Tax Credit in STARS Transaction. 11/19/2013

IRS Modifies FSA Rules to Allow Up to $500 to Be Used in Following Year. 11/17/2013

IRS Releases 2014 Inflation-Adjusted Amounts and Pension Colas. 11/12/2013

Use of Third-Party Contract Manufacturer Precludes Sec. 199 Deduction. 11/07/2013

IN-DEPTH: IRS Expands Guidance on Residential Energy Tax Credit. 11/06/2013

Exhaust Administrative Remedies Before Pursuing IRS for Violating Discharge Order 11/03/2013

Film Producer Can't Avoid $43 Million Restitution Order. 11/03/2013

IRS Announces 2014 Pension Plan Limitations 10/31/2013

Government Can't Hide Behind Code Sec. 6103 10/29/2013

Use of Wrong IRS Code Section Costs Taxpayer $100,000 10/28/2013

An In-Depth Look: Year-End 2013 Tax Planning for Businesses 10/25/2013

An In-Depth Look: Year-End 2013 Tax Planning for Individuals 10/25/2013

Sample Client Letter: Year-End 2013 Tax Planning for Businesses October 25, 2013

Sample Client Letter: Year-End 2013 Tax Planning for Individuals October 25, 2013

Taxpayer Didn't Meet Partial Payment Rule for Requesting Refund 10/2013

Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock 10/2013

2014 Tax Season to Start Later Following Government Shut Down 10/22/2013

Custom Homebuilder Must Capitalize Costs Incurred in Building Homes 10/20/2013

All Empowerment Zone Designations Terminate at End of 2013 10/20/2013

IRS Can't Be Compelled to Reopen OIC Returned Years Before CDP Hearing 10/18/2013

Couple Can't Discharge Tax Debt in Bankruptcy - Untimely Filings Were Not Returns 10/11/2013

Annual Per Diem Rate Guidance Changes "Incidental Expenses" Definition 10/11/2013

Court Denies Refund Claim for Payroll Service Company's Employment Taxes 10/2013

Fifth Circuit Partially Reverses Lower Court; Partners Entitled to Refund of Penalty Interest 10/2013

Baseball Player's Signing Bonus Must Be Amortized Over Life of Contract 10/10/2013

Tax Court Reverses Course on Gift Tax Issue 10/09/2013

IRS Issues Guidance on Effect of ACA on Certain Health Arrangements 10/05/2013

Closing Agreement Doesn't Preclude Reduction of Taxpayer's Dividends-Received Deduction 10/04/2013

IRS Required to Honor Designation of Employment Taxes. 10/04/2013

IRS Expands Situations in Which Innocent Spouse Relief Will Be Granted. 9/29/2013

Prop Regs Make Significant Changes to Rules on MACRS Property Dispositions. 9/28/2013

IRS Clarifies Rules for Qualified Real Property Expensed Under Section 179. 9/28/2013

An In-Depth Look: Final Capitalization Regs Contain Many Changes Favorable to Taxpayers. 9/25/2013

IRS Explains How to File DOMA-Related Employment Tax Refund Claims. 9/25/2013

S Corp Pass-Through Losses Disallowed; Lacked Sufficient Debt Basis. 9/22/2013

Sale of Tax Shelter Interests Were Income to S Corp's Sole Shareholder. 9/22/2013

Tax Attorney Should Have Known He Had No Basis for Losses. 9/22/2013

Purchasing Ex-Wife's Home Before Divorce Precluded First-Time Homebuyer Credit. 9/21/2013

Investor's Trading Activities Did Not Constitute a Trade or Business. 9/21/2013

Tax Research Methodology: A Practical Guide. Updated 9/19/2013

Proposed Section 174 Regs Would Broaden Definition of R&D. 9/15/2013

Estate's Attempt to Evade Code Sec. 642(g)'s Bar on Double Deductions Fails. 9/15/2013

IRS Final Capitalization Regs Contain Many Favorable Changes for Taxpayers. 9/13/2013

Many Opportunities Exist for Amended Returns: Same-Sex Marriages Recognized by IRS
for Federal Tax Purposes. 9/12/2013

IRS Final Regs Issued on Health Insurance Mandate Penalty for 2014. 9/11/2013

S Corporation Shareholder Retained Beneficial Ownership of Shares. 9/02/2013

A Practical Guide: Sustainable Research Tax Credit Claim. 9/01/2013

Proposed Regs Remove Two-Year Deadline for Filing for Innocent Spouse Relief. 8/29/2013

S Corp Procedure Expands Time for Applying Corrective Procedures to Late Elections. 8/29/2013

A Closer Look: Health Insurance Tax Credit for Small Business. 8/28/2013

Company's Dividend Deductions Did Not Meet All-Events Test; No Deduction Allowed. 8/23/2013

Failure to File Correct IRS Form Subjects Minister's Income to Self-Employment Tax. 8/23/2013

Consultant Not "Employer" With Respect to Work for Foreign Govt SEP Contributions Disallowed. 8/18/2013

IRS Penalties Disallowed as an Administrative Expense in Bankruptcy Case. 8/18/2013

Estate Loses $144,000 Refund After Failing to Properly Designate Payment as a Deposit. 8/15/2013

Final Meal and Entertainment Expense Regs Clarify Who Is Subject to the Limitations. 8/14/2013

Taxpayer with Zero Exclusion Ratio Is Fully Taxable on Pension Payments. 8/06/2013

Court Rejects Refund Claims from NOL Carryforwards Carrybacks. 8/06/2013

Real Estate Agent's Remax Fee Tax Deductible as Professional Expense. 8/05/2013

Certified Public Accountant (CPA) Can't Be Sued for Incorrect Form W-2. 8/05/2013

A Practical Guide to Perfecting Your Tax Research Techniques. 8/02/2013

Failure to Designate Parsonage Allowance Precludes Deduction; Penalties Upheld. 8/01/2013

IRS Expands Class of Taxpayers That Can Defer Advanced Payments for Gift Cards. 8/01/2013

IRS Won't Follow Tax Court Decision on Deductibility of Forbearance Payments. 7/31/2013

IRS Acquiescences to Expanded Review by Tax Court in Innocent Spouse Cases. 7/26/2013

IRS Postpones FATCA Implementation by Six Months. 7/26/2013

D.C. Circuit Court Affirms Denial of Tax-Exempt Status for Special Needs Trust. 7/22/2013

D.C. Circuit Reverses Tax Court Regarding Nonresident Alien Gambling Per-Bet Rule. 7/19/2013

No Home Office Deduction for Employee Working from Home for Her Own Convenience. 7/17/2013

New DOMA Update: An In-Depth Look at the Tax Implications of US v. Windsor. 7/05/2013

Generally, an IRA is Off Limits from Tax Collectors and Creditors in Bankruptcy. 7/05/2013

IRS Tries to Assess a Constructive Dividend on the Sole Shareholder of a Construction Company
in a Unique Way. 7/05/2013

Conservation Reserve Program Payments Subject to Self-Employment Tax. 7/05/2013

DOMA Struck Down - Opening the Floodgates for Amended Tax Returns. 6/26/2013

Individual Precluded From Contesting Trust Fund Recovery Penalty. 6/26/2013

Tax Treatment of Repair and Maintenance Expenditures. 6/26/2013

U.S. Employee Working Overseas Was Unable to Exclude Earnings from Income. 6/25/2013

Autistic and Bipolar Taxpayer Didn't Qualify as Financially Disabled. 6/25/2013

IRS Rules that Mexican Land Trusts Are Not Foreign Trusts. 6/19/2013

Taxpayer Denied Abandonment Loss for "Underwater" Home. 6/19/2013

Utilizing Preservation Tax Incentives to Reduce Property Owner’s Expenditures for Renovation. 6/12/2013

IRS Barred from Assessing Tax on Virgin Islands 1040s. 6/08/2013

Tax Evasion Sentence Upheld for Adult Entertainment Entrepreneur. 6/08/2013

Child Tax Credits Not Exempt from Missouri Bankruptcy Estate. 6/07/2013

Inappropriately Signed Return Keeps Statute of Limitations Open. 6/07/2013

Cooperative Must Separately Compute DPAD for Patronage and Nonpatronage Sourced Income. 6/05/2013

Debtor's QSub Status Is Not Property; Sole Shareholder Entitled to Revoke S Status. 6/05/2013

Does Issuance of Form 1099-C Dissolve Debt? Bankruptcy Court Parts Ways with Other Courts. 05/23/2013

Loan Guarantees to IRA-Owned Businesses Results in Loss of IRA Status. 05/23/2013

Ninth Circuit Holds that Surrender Value of Policies Can be Considered in Taxing Distributions. 05/14/2013

Courts Split on Tax Treatment of Gain on the Sale of Demutualized Stock 05/10/2013

Lack of Signed Release Costs Noncustodial Parent Dependency Exemption and Child Tax Credit 05/09/2013

Loving Case: Former IRS Commissioners File Amicus Brief Supporting IRS 04/27/2013

White House Releases Tax Proposals as Part of Fiscal Year 2014 Budget Plan. 04/27/2013

Mechanics of Calculating Section 911 Housing Exclusion Explained By Chief Counsel's Office. 04/23/2013

Taxpayers Did Not Make Reasonable Effort to Find Paying Renters - Rent Expenses Denied. 04/22/2013

Estate's Reliance on Expert's Wrong Advice Was Reasonable Up to a Point. 04/13/2013

Challenge to Circular 230's Limitation on Contingent Fee Arrangements Dismissed. 04/12/2013

Court Objects to Reliance on State Law in Determining Deductible Theft Losses. 03/28/2013

Taxpayer Can Deduct Unallocated Support Payments in Full as Alimony. 03/27/2013

Fraudulent Amended Returns Filed by Company's Accountant Tolled Statute. 03/17/2013

Obligation to Pay Delinquent Taxes Trumps Religious Obligations and College Expenses 03/14/2013

Step-by-Step Guide to Preparing a Return for a Disabled Veteran (Contributing Author: Kathryn Morgan) 03/14/2013

A Practical Guide: Sustainable Research Tax Credit Claim 03/05/2013

Charitable Deduction Allowed Despite Lack of Attached Qualified Appraisal 03/01/2013

Sequester Threatens IRS Taxpayer Services and Enforcement 02/28/2013

Home Builder Triumphs over IRS and Tax Court Allows Deferral of Millions 02/27/2013

Proposed Regs Address Individual Health Insurance Mandate 02/25/2013

IRS Suffers Estate Tax Loss: An In-Depth Look at Estate of Kite v. Commissioner 02/18/2013

Court Rejects Attempt to Use QSub Election to Increase S Corp Stock Basis 02/14/2013

IRS Issues Annual Advice on Missing Form W-2's 02/14/2013

IRS Update: Ability to e-file Tax Returns Containing Form 4562 and/or Form 8863 02/08/2013

IRS Has Reopened Online PTIN System with Limitations 02/05/2013

Many 2012 Business Tax Filings Can Start on Monday February 4th, With Exceptions 02/02/2013

Loving v. IRS: District Court Slams IRS for Overreaching Its Authority 02/01/2013

Blank Spaces in Gift Documents Did Not Mean Decedent Retained Power to Alter Gifts 02/01/2013

IRS Releases New Tax Tables and Remaining Inflation Adjusted Amounts for 2013 01/19/2013

Tax Court Weighs In on Ex-Spouse Battles Over Dependency Exemption 01/06/2013

American Taxpayer Relief Act(ATRA)of 2012: An In-Depth Analysis 01/04/2013

Moonlighting Police Officer Was Independent Contractor Subject to Self-Employment Taxes. 01/01/2013



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