This second part of a two-part article on everything practitioners should know about the estate tax covers estate tax planning techniques, including the marital deduction and the use of various types of trusts.
Advertisement
TOPICS
Tax
Microcaptive premium deductions disallowed
The Tax Court finds that the arrangement did not sufficiently distribute risk but simply resulted in a circular flow of funds between related entities.
Trading virtual currencies
Tax preparers must reckon with not only transfers for property but also for other virtual currencies.
IRS announces delay in re-launching e-Services
The IRS had planned to launch by the end of the month its updated Secure Access site, which will require using a two-factor authentication process.
David Kautter to be named acting IRS commissioner
President Donald Trump plans to name David Kautter as acting IRS commissioner when John Koskinen’s term expires in November.
IRS issues 2018 inflation-adjusted tax tables and many other tax provisions
The IRS issued the annual revenue procedure that updates the almost 60 tax provisions that must be adjusted for inflation each year
2018 pension plan contribution limits are announced
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.
IRS will enforce health coverage reporting on 2017 returns
This filing season will be the first time the IRS has enforced this requirement and will not accept tax returns that omit this information.
CPAs reveal their most common client questions
Clients also turn to CPAs with questions about all kinds of financial matters, particularly about their companies and accounting.
IRS permits partnership basis election without partner’s signature
To ease the regulatory burden on partnerships, the IRS announced that it is eliminating the requirement that partnership elections under Sec. 754 be signed by a partner.
Treasury to pull regulations after review of burdensome tax rules
Treasury said it intended to withdraw the Sec. 2704 valuation discount regulations and portions of the Sec. 385 corporate inversion regulations.
Exploring the estate tax: Part 1
This first installment of a two-part article on everything practitioners should know about the estate tax includes the unified estate tax rules and exemption amounts, estate valuation, portability, and what’s included in the gross estate.
Final regs. address premium tax credit issues
IRS fashions relief from the joint filing requirement in the case of spousal abuse or abandonment and makes a technical correction in the limitation on repayment of excess advance credit by self-employed taxpayers.
Accounting method changes make closed years relevant
A change in accounting method opens the door for the IRS to review periods closed by the statute of limitation to determine tax liability in open years.
Line items
IRS pilots Appeals web-based videoconferencing; Country-by-country reporting resources now available; Nonacquiescence on earned income tax credit decision; Treasury shutters myRA retirement savings program
Wellness program benefits: Tax free or not?
Make sure your employer health incentives can pass an IRS examination.
Treasury identifies 8 regulations as burdensome
Rules on corporate debt vs. equity and valuation of family-owned businesses are among those deemed subject to a presidential order.
Tax Court: Taxpayers engaged in abusive Roth IRA transactions
The taxpayers’ use of a newly created corporation was held to be a vehicle to avoid Roth IRA contribution limits.
Boston Bruins can deduct full cost of meals for team’s away games
The meals were provided by the employer for its convenience, the Tax Court holds.
What CPAs need to know about the new tax reform framework
This podcast discusses what practitioners need to know about the tax reform framework released by Republican lawmakers.
Features
SPONSORED REPORT
Get your clients ready for tax season
Help clients avoid surprises with year-end planning strategies for managing taxable income, maximizing deductions, and adjusting to OBBBA changes affecting individuals and businesses.
From The Tax Adviser
October 31, 2026
AI risks to the Sec. 7525 practitioner privilege
September 30, 2026
Navigating the QSBS rules in pass-through structures
September 30, 2026
Sec. 338(h)(10) elections in business acquisitions
August 31, 2026
