Tenants can avoid recognizing income currently by taking advantage of a safe harbor under Sec. 110.
The IRS issued final regulations requiring the ultimate parent entity of a multinational enterprise group with revenue of $850 million or more in the preceding accounting period to file Form 8975, Country-by-Country Report.
The independent-investor test is applied to a corporation that mischaracterized dividends as compensation.
The growth of cloud technology means that what used to be clearly the sale of tangible personal property is now digital and challenging to classify for sales and use tax purposes.
Some tax breaks are extended for two years, some for five, and a few are made permanent in Congress’s annual year-end extenders legislation. (Plus: An updated version of the JofA’s annual quick guide PDF that includes changes related to the legislation.)
Despite another year of uncertainty about congressional passage of retroactive “extender” provisions, CPAs’ tax season can benefit from these tips and resources.
Download and print this quick guide PDF for use during tax season and look for our quick guide for individual taxpayers in the January 2016 issue.
Businesses may need CPAs’ help in protecting against and remedying tax-related identity theft.
CPAs should understand how to handle startup and organization costs and, especially, how they are treated differently for book and tax purposes.
This article examines why the tax return due date change was needed and what it means for practitioners.
See how to address this increasingly common source of income with tax clients.
The IRS failed to show that combating 'running wild' dogs, mold, and noise was exclusively a personal expense.
Paid-time-off plans can create problems with the timing of, and cross-year accounting for, payroll tax liabilities.
A low e-filing rate for employment tax returns in the Form 94x series is the biggest obstacle to achieving the goal of 80% electronic filing of all major types of tax returns.
For an employer to claim a deduction, an employee must engage in a bona fide business transaction during the event on behalf of the employer and meet several other requirements.
Transition relief continues through 2015 for S corporation 2% shareholder-employees, but stand-alone health reimbursement arrangements and employer payment plans can be subject to penalties.
Clients may not know how a structuring their company can affect them down the road.
In a move designed to fight taxpayer identity theft and tax fraud, the IRS will eliminate automatic extensions of time to file forms in the W-2 series, starting in 2017.
Long lead times, high upfront expenses, and frequent business acquisitions and dissolutions make applying Sec. 195 a special concern for these companies.
The Tax Court held that Regs. Sec. 1.482-7(d)(2), requiring entities to share stock-based compensation costs under qualified cost-sharing agreements, failed to meet the reasoned decision-making standard and was invalid.