Sonja E. Pippin, associate professor in the Department of Accounting and Information Systems at the University of Nevada, Reno, received the JofA's Lawler Award for the best article of 2017.
Cash held by a couple's son as their nominee tipped their balance sheet to positive, the Tax Court holds.
Allocation of certain expenses between personal and rental use may need to change under the law known as the Tax Cuts and Jobs Act.
Tax Court cases evaluate the nine-factor test in Regs. Sec. 1.183-2 for determining when losses may be deducted.
Learn how authorities tracked down an IRS impersonation scam that allegedly stole “hundreds of millions of dollars” by phone.
Our annual survey breaks down how CPA tax preparers rate their tax preparation software’s performance during the challenge of the last tax season. This year, we also look ahead to the sweeping changes in tax law.
‘Postcard’ Form 1040 debuts — with sheaf of schedules ... Disguised-sale temporary regs. withdrawn
Sufficient evidence existed to warrant a trial on assessment of the Sec. 6672 penalty.
The IRS issued guidance on how it intends to interpret the exemption amount in tax years 2018 through 2025 in determining who is a qualifying relative for purposes of the various Code provisions that refer to the definition of a dependent in Sec. 152.
Here is what practitioners need to know about the IRS’s proposed rules that would curb the deductibility of charitable contributions that qualify for state and local tax credits.
The IRS issued guidance regarding amended Sec. 162(m), which limits the allowable deduction for remuneration paid by any publicly held corporation to a covered employee to $1 million.
The Court of Appeals for the D.C. Circuit held that the AICPA had standing to challenge the IRS’s Annual Filing Season Program for unenrolled tax preparers but further held that the program did not violate the Administrative Procedure Act.
The IRS issued guidance on the new Sec. 199A deduction for qualified business income in the form of proposed regulations and a separate notice on how to calculate W-2 wages for those purposes.
The IRS finalized proposed regulations under Sec. 6223 on the procedures for designating a partnership representative and the authority of the partnership representative under the centralized partnership audit regime.
The order announcing the withdrawal says it is being done “to allow time for the reconstituted panel to confer on this appeal.”
The IRS issued proposed regulations providing guidance on Sec. 168(k), which was amended by P.L. 115-97, known as the Tax Cuts and Jobs Act, to increase the allowable first-year depreciation deduction for qualified property from 50% to 100%.
The taxpayer exercised ordinary business care, but its payroll taxes were applied to the EIN of a predecessor entity.
The IRS issued proposed regulations on the Sec. 965 transition tax that requires U.S. shareholders of deferred foreign income corporations to pay tax on post-1986 deferred income.
Knowing when this key protection does not apply is just as important for tax practitioners as knowing when it does.
The Service warns that a substance-over-form recharacterization may ensue.