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  • • IRS Can't Offset One Taxpayer's Deficiency Using a Related Taxpayer's Overpayment.
    • 2019 Year-End Tax Planning Guide for BUSINESSES. (Includes Sample Client Letter).
    • CPA Sample Client Letter: 2019 Year-End Tax Planning for BUSINESS.
    • An In-Depth Look: Practitioner's 2019 Year-End Tax Planning Guide for INDIVIDUALS. (Includes Sample Client Letter)
    • CPA Sample Client Letter: 2019 Year-End Tax Planning for INDIVIDUALS.
    • Cooperative's Payments to Members Were Per-Unit Retain Allocations for Section 199 Purposes.
    • Federal Circuit: Lower Interest Rate on Refunds Applies to Nonprofit Corporations.
    • Court Finds That Taxpayer's Letter to IRS Was a Timely Filed Informal Refund Claim.
    • IRS Issues Second Draft of Form 1040 and New Form 1040-SR.
    • S Corporation's AAA Resets to Zero after a Post-Termination Transition Period.
    • Finder's Fee Paid in Connection with Merger Was Not a Deductible Business Expense.
    • IRS Issues Draft Instructions for Qualified Business Income Deduction.
    • IRS Issues 2019-2020 Special Per Diem Rates.
    • Employer's Failure to File Form 945 Prevents Statue of Limitations from Applying.
    • Appeals Court Rejects Tax Fraud Restitution Order Due to Sloppy IRS Substantiation.
    • Taxpayer Not Entitled to Itemized Deductions on Substitute Return Filed by IRS.
    • IRS Extends Replacement Period under Section 1033 for Certain Livestock Sales.
    • IRS Issues Draft 2019 Forms 1065, 1120-S, and Schedules K-1.
    • District Court Upholds TCJA Limit on State and Local Tax Deductions.
    • IRS Finalizes Regs on Partnership Disguised Sales and Recourse Liabilities.
    • Final Regs Modify Qualifications for a 401(k) Hardship Distribution.
    • Taxpayer Was Entitled to Business Bad Debt Deduction for Unrepaid Loan.
    • New Bonus Depreciation Proposed Regs Issued.
    • IRS Finalizes Bonus Depreciation Regs; Clarifies Expansion of Qualifying Property.
    • IRS Expands and Finalizes Section 199A Safe Harbor for Rental Real Estate.
    • Tax Return Photocopies Aren't Subject to Frivolous Return Penalties.
    • Court Denies Motion to Expedite Lawsuit to Compel Production of President's Tax Returns.
    • Penalty Relief Provided to Exempt Orgs That Relied on Revenue Procedure 2018-38.
    • Rental Properties Subject to Management Agreements Can't be Grouped with Other Rental Activities.
    • Draft Instructions for Calculating QBI Deduction Provide Additional Guidance.
    • No Casualty Loss Deduction for Stigmatization Resulting from Flood Damage.
    • Court Rejects IRS's Classification of Partnership Interest Expense as Investment Interest.
    • Proposed Regs Implement TCJA Changes to Code Section 451 for Accrual Method Taxpayers.
    • IRS Settlement Officer Acted Unreasonably in Closing Taxpayer's CDP Case.
    • IRS Provides Relief for Domestic Partnership and S Corp Filings Under GILTI Regs.
    • Proposed Regs Increase Maximum Value for Personal Use of Employer-Provided Vehicles.
    • Taxpayer Failed to Make Delinquent 401(k) Loan Repayments Within Grace Period.
    • IRS Automatically Waiving 2018 Estimated Tax Penalty for More Than 400,000 Tax Filers.
    • Tax Court Addresses Gift Tax Valuation of Interdependent Closely-Held Companies.
    • Taxpayer Could Not Exclude Uncashed Check for a Qualified Retirement Plan Distribution from Income.
    • Fair Market Valuation Method Does Not Include an Exception for Fraudulent or Criminal Actions ...
    • District Court Invalidates Regulation Defining Educational Organizations.
    • Tax-Exempt Status Denied for Entity Operating as a Conduit to Generate Sales Leads.
    • Court Strikes Down IRS Rule That Eliminated Exempt Organization Donor Reporting.
    • Developer's Payments for Marketing Materials Were Nondeductible Bidding Costs.
    • IRS Allows Taxpayers to Revoke or Make Late Bonus Depreciation Elections.
    • Fourth Circuit Rejects Challenges to U.S.-Canada Tax Treaty.
    • Chief Counsel's Office Addresses Effective Date and Scope of Casualty Loss Limitation.
    • IRS Grants 6-Month Extension for Filing Forms 1065 to Certain Partnerships.
    • No Bonus Depreciation Deduction for Rehabilitation of Burned Agricultural Property.
    • IRS Releases Draft of 2019 Form 1040; Revises Drafts of Form 8895 and Form 8995-A.
    • D.C. Circuit: 30-Day Period for Whistleblower Appeals Is Not Jurisdictional.
    • Army Officer Not Entitled to Foreign Earned Income Exclusion While in Afghanistan.
    • CPA Penalized for Aiding and Abetting Tax Understatements on More Than 5,000 Tax Returns.
    • IRS Reminds Combat Veterans to File for Tax Refunds on Disability Payments Reported as Income.
    • Late IRA Rollover Was Not Taxable Due to Bank's Bookkeeping Error.
    • Final Regs Permit Employers to Use Truncated Taxpayer ID Numbers on Form W-2.
    • No "Away from Home" Travel Deductions Allowed for Contract Employee.
    • Tax Court Lacked Jurisdiction Because No Notice of Determination Was Issued.
    • Early Withdrawal Did Not Render Debtor's Annuity Nonexempt in Chapter 7 Bankruptcy.
    • Author's Royalty Income from Publishing Contracts Was Subject to Self-Employment Taxes.
    • Farm in Chapter 11 Bankruptcy Can't Convert to Chapter 12 to Obtain More Favorable Treatment of ...
    • District Court Applied Wrong Definition of "Willful" in Return Preparer Penalty Case.
    • Eleventh Circuit Reverses District Court, Upholds Taxpayer's Sec. 1341 Refund Claim.
    • Final Regs Address Employment Taxes for Disregarded Entities Owned by a Partnership.
    • Return Preparer's Fraud Suspended Couple's Statute of Limitations on Assessment.
    • IRS Guidance Addresses Section 199A W-2 Wage Calculation for Certain Co-ops.
    • Pastor Couldn't Exclude Payments as Parsonage Allowances or Gifts from Congregants.
    • IRS Issues Proposed Section 199A Regs for Cooperatives and Their Patrons.
    • IRS Finalizes Regs on ESBTs with Nonresident Aliens as Potential Current Beneficiaries.
    • IRS Provides Safe Harbor for Charitable Donations Made In Exchange for SALT Credits.
    • IRS Finalizes Regs Limiting Contributions in Exchange for State Tax Credits.
    • Final Regulations Expand Use of Health Reimbursement Arrangements.
    • Congress Passes IRS Reform Act with Bipartisan Support.
    • Shareholders of Closely Held Corporation Were Liable as Transferees.
    • IRS Failure to Verify Mailing of Notice of Deficiency Was Abuse of Discretion.
    • Tax Court Nixes Assessment of Trust Fund Recovery Penalty (TFRP).
    • D.C. Circuit Upholds Tax Court's Denial of Charitable Deduction for Remainder Interest.
    • Eleventh Circuit Allows Injunctive Relief for IRS to Collect Unpaid Employment Taxes.
    • IRS Provides Luxury Auto Depreciation Limits and Lease Inclusion Amounts for Autos Placed in ...
    • IRS Releases Draft of Newly Designed Form W-4 for Use in 2020.
    • Foreign-Owned Charter Yacht Not Off the Hook for Employment Taxes.
    • Third Circuit Rejects Challenge to Controlled Foreign Corp Loan Guarantee Regs.
    • Proposed Regs Address Withholding on Transfers of Partnership Interests Involving Foreign Persons.
    • CFO Was Responsible for Employment Taxes, Notwithstanding Government Receivership.
    • IRS Offers Reasonable-Cause Relief for Returns Affected by CCH Software Outage.
    • Eleventh Circuit Holds Shareholder Did Not Have Basis in Indirect Loans to S Corp.
    • Couple Could Claim Credits Based on Medicaid Waiver Payment Excluded from Income.
    • Former S Corp Must Reduce AAA for Distribution in Post-Termination Transition Period.
    • Sixth Circuit Reverses District Court; Wrongful Levy Action Was Not Time Barred.
    • IRS Can Use Lien and Levy Powers to Collect Criminal Restitution Amounts.
    • Distributions of Casino Revenue Are Taxable to Native American Tribe Members.
    • Where No Disclosure Is Required, There Is No Statute for Assessing Section 6707A Penalty.
    • Tenth Circuit: IRS Can Make Initial Determination of Penalty After Issuing Notice of Deficiency.
    • Federal Circuit Holds That Excess State Tax Credit Was Taxable Income.
    • IRS Can Assess FBAR Penalty Based on Number of Accounts Rather Than Number of Filings.
    • Tax Court Addresses Deductibility of Business Owner's Settlement Payment.
    • CPEOs Can't Be Used to Transform Self-employed Individuals and Partners into Employees.
    • IRS Provides Safe Harbor for Pro Sports Teams' Trades of Personnel Contracts and Draft Picks.
    • Timely Mailing Rule in Code Section 7502 Trumps Common-Law Mailbox Rule.
    • IRS Addresses Interplay of State Tax Limitation and Home Office Deduction.
    • IRS Issues Proposed Regs on Investments in Qualified Opportunity Zones.
    • Two-Percent S Corp Shareholders by Attribution May Deduct Health Insurance Costs.
    • Proposed ESBT Regs Clarify Tax Treatment of TCJA Changes.
    • IRS Releases Draft 2019 Forms for Section 199A Deduction, Expands 199A FAQ.
    • Treasury Department Promises Not to Seek Judicial Deference for Subregulatory Guidance.
    • IRS Action for Unpaid Estate Taxes Not Barred by State Statute of Limitations.
    • Taxpayer's Bill of Rights Does Not Provide Grounds for Challenging a Notice of Deficiency.
    • Taxpayer Acquired Beneficial Ownership of S Corporation in Divorce.
    • District Court Addresses Valuation of Minority Interest Stock for Gift Tax Purposes.
    • Fifth Circuit: Settlement Payments Relating to Death of S Corp Owner's Girlfriend Aren't Deductible.
    • IRS Clarifies Tax Treatment of State and Local Tax Refunds.
    • Ninth Circuit: Estate Overstated Amount of Charitable Deduction.
    • D.C. Circuit Reverses District Court, Upholds PTIN Fee on Tax Return Preparers.
    • TIGTA Releases Report on Code Section 199A Qualified Business Income Deduction.
    • Penalty for Late Filing of S Corporation Does Not Require Supervisor Approval.
    • Indian Tribal Corporation Not Liable for the Employment Taxes of Its Legally Distinct Division.
    • CFC Partners of U.S. Partnership Had to Increase E&P for Subpart F Income.
    • Computer-Generated Penalty Exempt from Written Supervisory Approval Requirement.
    • Sample Safe Harbor Election Statement: Rental Real Estate Enterprises (Code Sec. 199A).
    • Sample Client Letter: Rental Real Estate Safe Harbor.
    • CPA Sample Client Letter: Year-End Tax Planning for INDIVIDUALS.
    • CPA Sample Client Letter: Year-End Tax Planning for BUSINESSES.
    • CPA Sample Client Letter: Requirement to File Forms 1099.
    • CPA Client Letter: Tax Cuts and Jobs Act (TCJA) for INDIVIDUALS
    • CPA Client Letter: Tax Cuts and Jobs Act (TCJA) for BUSINESSES.
    • CPA Client Letter: 2017 Year-End Tax Planning for INDIVIDUALS.
    • CPA Client Letter: 2017 Year-End Tax Planning for BUSINESSES.
    • CPA Sample Client Letter: Maria Disaster Tax Relief.
    • CPA Sample Client Letter: Harvey Disaster Tax Relief.
    • CPA Sample Client Letter: Irma Disaster Tax Relief.
    • CPA Sample Client Letter: Requirement to File Forms 1099.
    • CPA Client Letter: 2016 Year-End Tax Planning for INDIVIDUALS.
    • CPA Client Letter: 2016 Year-End Tax Planning for BUSINESSES.
    • CPA Client Letter: Requirement to File Forms 1099.
    • CPA Client Letter: 2015 Tax Extenders (PATH) for Individual Taxpayers.
    • CPA Client Letter: 2015 Tax Extenders (PATH) for Business Taxpayers.
    • UPDATED CPA Client Letter: Year-End Tax Planning for 2015 for Individuals.
    • UPDATED CPA Client Letter: Year-End Tax Planning for 2015 for Businesses.
    • CPA Client Letter: Year-End Tax Planning for 2015 for Individuals.
    • CPA Client Letter: Year-End Tax Planning for 2015 for Businesses.
    • CPA Sample Client Letter: Tax Penalty Relief under Notice 2015-30.
    • Sample IRS Election Statement: Requesting Waiver of Estimated Tax Penalty under Notice 2015-30.
    • CPA Sample Client Letter: Reporting Gambling Winnings and Losses.
    • Sample IRS Election Statement: Election to Capitalize Repair and Maintenance Costs.
    • Sample IRS Election Statement: Small Taxpayer Safe Harbor Election for Building Property.
    • Sample IRS Election Statement: Annual De Minimis Safe Harbor Election Statement.
    • CPA Client Letter: Request Penalty Relief for Failure to File Penalty Relating to Premium Tax Credit.
    • Penalty Waiver: Underpayment of Estimated Tax Penalty Relating to Premium Tax Credit.
    • CPA Client Letter: Requirement to File Forms 1099.
    • CPA Client Letter: 2014 Year End Tax Planning for Businesses Post TIPA.
    • CPA Client Letter: 2014 Year End Tax Planning for Individuals Post TIPA.
    • Free CPA Client Letter: Regarding 2014 TIPA For Businesses.
    • Free CPA Client Letter: Regarding 2014 TIPA For Individuals.
    • CPA Client Letter: 2014 Year End Tax Planning for Businesses Pre TIPA.
    • Free CPA Client Letter: 2014 Year End Tax Planning for Individuals Pre TIPA.
    • Sample Client Letter: Year-End 2013 Tax Planning for Businesses
    • Sample CPA Client Letter: Year-End 2013 Tax Planning for Individuals
    • Complimentary CPA Client Letter: The Tax Implications of DOMA.
    • Complimentary Accounting Client Letter ATRA 2012 for High Income Individuals
    • Complimentary CPA Client Letter (ATRA 2012) for Moderate-Income Individuals
    • CPA Client Letter (ATRA 2012) for Businesses
    • Tax Research Software - CPA Client letters - Archived 2012
    • Professional Tax Research - Parker Tax Publishing - Archived Tax Briefs
    • Tax Research From the Founder of Kleinrock - Archived Tax Research Bulletins
    • 40-CFR-600.315-08.pdf
    • ParkerTopTax.pdf
    • IRS National Office Addresses Tax Treatment of Employer-Provided Meals and Snacks.
    • IRS Provides Safe Harbor Accounting Method for Automobile Depreciation Deductions.
    • IRS Releases Final 199A Regs and Related Guidance, Creates Safe Harbor for Rental Real Estate ...
    • TCJA Requires Practitioners to Recalibrate Year-End Tax Planning Strategies for Individuals.
    • IRS Clarifies Deductibility of Business Meal Expenses in Light of TCJA Changes.
    • In-Depth: Long Awaited Section 199A Proposed Regs Are Generally Favorable to Taxpayers.
    • IRS Urges Veterans to File Refund Claims Relating to Disability Severance Payments.
    • Tenth Circuit Affirms That Marijuana Dispensary Can't Deduct Business Expenses.
    • Taxpayers Are Liable for Penalties After IRS Assurances That No Penalties Would be Assessed.
    • Supreme Court Rejects Precedents in State Sales Tax Case; Quill and Bellas Hess Overruled.
    • IRS Clarifies 2018 Standard Mileage Rates Notice in Light of New Tax Law.
    • IRS Updates and Consolidates Guidance on Charitable Contributions.
    • IRS Updates Accounting Method Change Procedure.
    • IRS Issues Guidance on Unreported Tip Income from "Tip Boxes".
    • IRS Issues Interim Guidance on Business Interest Limitation Rules Effective in 2018.
    • Taxpayers May Continue to Rely on Rev. Proc. 2004-34 for Advance Payments.
    • IRS Tax Lien Applied Only to Taxpayer's Half Interest in Former Marital Home.
    • Supreme Court: Tax Obstruction Conviction Requires Awareness of Pending Proceeding.
    • Appropriations Act Makes Major Modifications to the Partnership Audit Rules.
    • President Signs $1.3 Trillion Spending Bill Featuring Extensive Technical Tax Corrections.
    • Proposed Regs Address Adjustment of Tax Attributes Under Centralized Partnership Audit Rules.
    • In-Depth Analysis: Section 199A Deduction for Qualified Business Income.
    • Three New TCJA Quick Reference Guides- Parker Tax Pro Library
    • Form 1099 and Form W-2 Reporting Deadlines Fast Approaching.
    • IRS Finalizes Rules on Opting Out of Centralized Partnership Audit Rules.
    • IRS Issues Updated Withholding Tables; Taxpayers Could See Changes by February.
    • Prepaid 2018 Real Property Taxes Are Deductible in 2017 If Assessed and Paid in 2017.
    • Parker's Explanation of Tax Cuts and Jobs Act of 2017 (TCJA).
    • Parker's Analysis of TCJA Conference Report and Final Version of the Tax Bill.
    • Conference Committee Releases Text of Final Version of Tax Bill.
    • Conference Committee Reaches Deal on Tax Bill; Votes in House and Senate Expected Next Week.
    • IRS Expands Relief for Late Actions by Partnerships and Certain Other Entities.
    • In-Depth Article: Parker's Explanation of the Senate Tax Bill (TCJA 2017).
    • In-Depth Article: 2017 Year-End Tax Planning for Individuals.
    • 32 Key Differences Between the House and Senate Tax Reform Bills.
    • In-Depth: Parker's Explanation of the House Tax Reform Bill (TCJA 2017).
    • Joint Committee on Taxation's Excellent, In-Depth Summary of the Tax Bill.
    • IRS Releases 2018 Pension and Retirement COLAs.
    • Section 2704 Regs Withdrawn; IRS Priority Guidance List More Regs on the Chopping Block.
    • IRS Cannot Add Interest and Penalties to Criminal Restitution Award.
    • Eleventh Circuit Affirms Tax Court: Sale of Media Company Lacked Valid Business Purpose.
    • Disaster Tax Relief Becomes Law; Provides Enhanced Casualty Loss Deductions and Other Tax Breaks ...
    • Taxpayer Can File Joint Return After Original Return Erroneously Reported Single Status.
    • In-Depth Article: GOP Releases Tax Reform Blueprint.
    • IRS Offers Relief for Partnerships, REMICS, and Partners That Missed New Return Due Dates.
    • Obamacare Repeal Is Back: Senate Gears up for Final 2017 Repeal Push.
    • IRS Grants Tax Relief to Hurricane Victims; Retirement Plan Rules Relaxed.
    • IRS Announces Tax Relief for Victims of Hurricane Harvey.
    • Royalty Payments Reclassified as Excess Roth IRA Contributions under Substance over Form Doctrine.
    • Corporation's Intercompany Transactions with CFCs Result in Income Recognition.
    • Obamacare Repeal Strikes Out in Senate. What's Next?
    • Firefighter Is Taxable on Disability Retirement Converted to a Service Retirement.
    • Court Addresses Issue of Whether Filing Form 1040 Tolls Statute on Unfiled Form 945.
    • Treasury Department Moves Forward on Eliminating Unnecessary Tax Regulations.
    • Senate Unveils Draft of Better Care Reconciliation Act of 2017; Retains Much of House Healthcare ...
    • House Passes Mobile Workforce State Income Tax Simplification Act of 2017.
    • Doctor Escapes Penalty for Inaccurate Returns by Proving Reliance on Return Preparer.
    • IRS Issues Simplified Procedure for Obtaining Extension to Make Portability Election.
    • Court Invalidates Fee Requirement for Preparer Tax ID Numbers.
    • Complaint Filed After Phone Call With IRS Agent Is Broadcast Live on Popular Radio Show.
    • House Passes Health Care Bill by Slim Margin; Senate Hints That It Will Rewrite the Bill.
    • IRS Updates Automatic Accounting Method Change Procedures.
    • IRS Clarifies 2015 Changes to Section 179 Expensing and Bonus Depreciation.
    • Appeals Court Affirms Disbarment of Attorney by Tax Court.
    • Trump Administration Releases Outline of Tax Reform Plan.
    • Wife Escapes Liability for Fraud Penalties with Respect to Husband's Illicit Business.
    • Tax Organizations Call on Congress to Improve IRS Services to Tax Practitioners.
    • Jury Convicts Former CFO of Florida Resorts of Tax Offenses, Conspiracy, and Bank Fraud.
    • Court Rejects IRS Attempt to Recover Home Sale Proceeds from Debtor's Wife.
    • Individual Can Ask Bankruptcy Court for Innocent Spouse Relief; Relief Not Limited to Tax Court.
    • Disbarred Attorney Isn't Subject to IRS Oversight With Respect to Tax Return Prep.
    • Taxpayer Had No Legitimate Expectation of Privacy in Records Held by CPA.
    • D.C. Circuit Shoots Down Preparer's Claim Relating to Suspension to Practice Before IRS.
    • Amicus Brief Couldn't Sway Supreme Court to Hear Bankruptcy Discharge Case.
    • Pursuant to Executive Order, IRS Won't Reject Returns That Don't Provide Health Insurance ...
    • Tie-Breaker Rule Prevents Grandmother from Claiming Grandkids as Dependents.
    • Return Preparer Liable for Penalty After Failing to Perform Due Diligence.
    • Tax Court Petition Received Eight Days After Deadline Nevertheless Treated as Timely Filed.
    • IRS Changes Position on Claiming Childless EIC; Amended Returns May be in Order.
    • Proposed Regs Update Rules for Claiming Dependency Exemption and Other Tax Benefits.
    • Steep IRS Penalties Put a Premium on Timely, Accurate 1099 Reporting.
    • Top Tax Developments of 2016. (Parker Tax Pro Library)
    • Standard Mileage Rates Decrease in 2017 for Business, Medical, and Moving Purposes.
    • 21st Century Cures Act Allows Small Employers to Offer Health Reimbursement Arrangements.
    • Exchange of Property Between Related Parties Doesn't Qualify as a Like-Kind Exchange.
    • Republican Election Sweep Sets the Stage for Major Tax Changes in 2017.
    • 2016 Year-End Tax Planning for Businesses.
    • In-Depth Article: 2016 Year-End Tax Planning for Individuals.
    • Social Security Wage Base to Increase Sharply in 2017.
    • IRS Revamps Partnership Disguised Sale Rules and Partnership Liability Regs.
    • IRS Rejects LLC Member's Argument That Income Attributable to Capital Isn't Self-Employment Income.
    • Pastor's Vow of Poverty Didn't Insulate Him from Federal Income Taxes.
    • IRS Can Abate Penalties Where Taxpayer's Dementia Causes Failure to File Returns.
    • Teacher Entitled to Deductions for Home Office Used for Administrative Assignments.
    • IRS Releases Audit Technique Guide on Capitalization of Tangible Property.
    • IRS Addresses Retroactive Application of Bonus Depreciation Extended by PATH.
    • Payment of S Shareholder's Personal Expenses Were Loan Repayments, Not Wages.
    • Ninth Circuit Affirms Home Builder's Use of Completed Contract Method for Planned Community.
    • Tax Court Grants Drug Store Significant Latitude in Structuring 1031 Exchange.
    • New IRS Procedure Lets Taxpayers Self-Certify Eligibility for Waiver of 60-Day Rollover Requirement.
    • Accounting Manager Could Deduct Costs of Pursuing Executive MBA Degree.
    • Texas Tycoon Liable for Over $1 Billion to IRS for Using Offshore Entities to Avoid Taxes.
    • IRS Rules that Birth of a Second Child was "Unforeseen Circumstance" for Purpose of Section 121 ...
    • Proposed Premium Tax Credit Regs Address Opt-Out Payments, Credit Eligibility.
    • Final and Temp Regulations Issued on Section 501(c)(4) Reporting Requirements.
    • Debt on Real Property Primarily Held for Sale to Customers Not Eligible for Exception from COD ...
    • Taxpayer Met Requisite Hours to be a Real Estate Professional; Passive Loss Rules Not Applicable.
    • Court Looks to NOL Carryover Rules to Deny Taxpayer's Use of Late Husband's AMT Credit Carryover.
    • Third Circuit: All-Events Test Allows Business to Deduct Unredeemed Loyalty Perks.
    • Seventh Circuit Reverses Tax Court, Allows Losses from Horse-Racing Activity.
    • IRS Provides Transition Relief Regarding Changes to the Work Opportunity Tax Credit.
    • IRS Issues Proposed Regs on Estate Basis Reporting; AICPA Pushes for Deadline Extension.
    • IRS Finalizes New Form 8971 for Reporting Estate Distributions; Delays Filing Deadline to March 31.
    • In-Depth: 1099 Reporting Takes on New Prominence as Sharp Penalty Increases Take Effect.
    • S Corp Incurs Hefty Tax Penalties for Failure to Report Welfare Benefit Fund on Form 8886.
    • IRS Extends Time to File Forms 3115 for Some Fiscal Year Taxpayers and Tweaks Earlier Guidance.
    • Tax Court: Gain from Sale of Land Held for Development was Ordinary Income.
    • Tax Court: Lackluster Attempts to Rent Vacation Condo Precludes Deductions.
    • IRS to End Section 4980D Healthcare Penalty Relief on June 30.
    • CPA Incorrectly Claimed Basis Step-Up for Shares Transferred to Nonresident Alien Wife.
    • Tax Court: Ongoing Litigation Precludes Deduction of Casualty Loss from House Fire.
    • Charitable Tax Deduction Permitted for Bargain Sale of Property to Retirement Home Developers.
    • IRS Issues Proposed Regs Clarifying Code Section 1022 Carryover Basis Rules.
    • Portion of Disability Retirement Payments Based on Years of Service were Taxable.
    • Long Delay in Loan Enforcement Didn't Establish Taxpayer had Cancellation of Debt Income.
    • Taxpayer Can't Deduct Back-Alimony Paid Pursuant to State Court's Final Judgement.
    • IRS Clarifies Timing of Refund Claims for Foreign Tax Deductions and Credits.
    • IRS Rules on Tax Consequences of "Triple Drop and Check" Reorganizations.
    • Senate Finance Committee Unanimously Approves Changes to Section 529 Plans.
    • Taxpayer Can't Claim Nonresident State Taxes on Partnership Income as Above-the-Line Deductions.
    • Accrued Vacation and Sick Leave Payment Upon Retirement Not Excludable as Worker's Comp.
    • Tax Court: Travel Time Puts Taxpayer Over the Top for Real Estate Professional Status.
    • In-Depth: Allocation of Tax Credits to Minority Partner Deemed a Disguised Sale.
    • IRS Relies on Self-Rental Rule to Treat S Corp's Rental Income as Nonpassive.
    • Not a Hobby: Tax Court Disregards Horse Farm's Staggering History of Losses.
    • Tax Court: Doctor's Bonus from Wholly Owned Surgical Center Not Reasonable.
    • Good-faith Reliance on Attorney Absolves Retiree of Sham Transaction Tax Penalties.
    • Formerly Passive S Corp Owner Materially Participates in Loss Year, Reaps $5.2 Million Tax Benefit.
    • An In-Depth Look: IRS Releases Detailed FAQs Explaining Repair Regulations.
    • IRS Provides Transition Relief from Staggering $36,500 per Employee Healthcare Penalty.
    • IRS Clarifies Confusion Over Form 3115 Filing Requirements And Small Businesses.
    • IRS Announces Penalty Relief Relating to Premium Tax Credit Advance Payments.
    • Late Filed 1040s are Not "Returns" Under Bankruptcy Discharge Exception.
    • In-Depth: As Tax Deadline Approaches, Stakes Remain High on 1099 Reporting.
    • IRS Releases Guidance on Tax Preparer Best Practices for Determining ACA Penalties.
    • IRS Clarifies Who Gets Mortgage Interest Deductions in Three Nettlesome Scenarios.
    • Taxpayers' Lodging Expenses Allowed; New York Apartment Was Not Tax Home.
    • Top 10 Tax Developments of 2014: Drama, Confusion and Eleventh Hour Decisions.
    • Ninth Circuit Rejects Valuation of Partnership Interest Based on Hypothetical Asset Sale.
    • New Law Provides Tax-Favored Savings Plans for Disabled Individuals.
    • Tax Extender Bill Leaves Five Tax Breaks in the Dust.
    • In-Depth: Tax Extenders Bill Passes Congress, President Expected to Sign into Law.
    • An In-Depth Look: House Passes Tax Extenders Bill, Possibly Breaking Year-Long Impasse.
    • Taxpayer Denied Mortgage Interest Deduction - Equitable Ownership Claim Rejected.
    • Tax Research Methodology: A Practical Guide
    • In-Depth: Year-End Tax Planning for Individuals in Light of Uncertainty Regarding Tax Extenders.
    • Final Regs Provide Safe Harbor for Local Lodging Expenses.
    • Tax Court Mostly Agrees with Taxpayer on Research Tax Credit.
    • Reliance on Tax Attorney's Oral Advice Negates Penalty on Tax Understatement.
    • IRS Issues Nonacquiescence in Employment Tax Withholding Case.
    • Exclusion of Airline Ticket Award from Income Doesn't Fly with IRS.
    • Tax Court Rejects IRS's Excessive Valuation of Estate's Closely Held Stock
    • Caring for Wife with Alzheimers Did Not Suspend Statute of Limitations for Tax Refund Claim.
    • Fifth Circuit Rejects Tax Court's Enforcement of 40 percent Penalty.
    • IRS Regs. Allow Alternative Simplified Credit Election on Amended Tax Returns.
    • Circular 230 Regs Create a Single Set of Standards for All Written Tax Advice.
    • Frivolous Tax Return Penalties Survive Taxpayer's Death.
    • Final Regs Require Estates and Trusts to Unbundle Fees; Beneficiaries Could See Tax Increases.
    • Husband's Joint Tax Return Negated by Wife's Subsequently Filed Separate Return.
    • Third Circuit Opens the Door for Reasonable Cause Defense to Late Tax Payment Penalty.
    • IRS Announces HSA Inflation Adjustment Amounts for 2015.
    • Ninth Circuit Remands Case to Consider Novel Limitations Period Argument.
    • Taxpayer Uses Mitigation Rules to Obtain Refund from Closed Tax Year.
    • Court's Rejection of IRS Position on Horse-Related Activity Saves Taxpayer $800,000.
    • Interpretation of At-Risk Rules on LLC Debt Guarantees.
    • Preparing a Return for a Disabled Veteran - A Step by Step Guide
    • Failure to File Joint Return Precludes Rental Loss Deductions.
    • Supreme Court Holds That Severance Payments Are FICA Wages.
    • Home Builder Triumphs over IRS; Tax Court Allows Deferral of Millions.
    • Complying with Court Order Wasn't Good Enough to Get Dependency Deduction.
    • Final IRS Regs Delay Implementation of Employer-Mandate for Some Medium-Sized Businesses.
    • Form 1099 Questions on Tax Forms Continue to Plague Practitioners.
    • IRS Draft Instructions for Form 8960 Plays Down Gaps in NIIT Guidance.
    • Grad School Deduction Disallowed Where Taxpayer Was Not Established in a Trade or Business.
    • IRA Withdrawals Pursuant to Forged Signatures by Wife Aren't Taxable to Husband.
    • New Partnership Must Continue Amortizing Start-up Costs of Terminating Partnership.
    • Top 15 Tax Developments of 2013
    • An In-Depth Look: Final Regs on .9% Additional Medicare Tax Address Repayment of Prior Year Wages.
    • Proposed Regs Aim to Restrict Political Activities by Tax-Exempt Organizations.
    • An In-Depth Look: 3.8% Net Investment Income Tax Regs Contain Substantial Changes.
    • Final Regs on .9% Additional Medicare Tax Address Repayment of Prior Year Wages
    • IRS Releases Final and Prop. Regs on 3.8% Net Investment Income Tax, Rules for Dispositions.
    • Doubt is Growing on Whether Expiring Tax Provisions Will Be Extended
    • IRS Expands Guidance on Residential Energy Tax Credit
    • An In-Depth Look: Year-End 2013 Tax Planning for Businesses
    • An In-Depth Look: Year-End 2013 Tax Planning for Individuals
    • Couple Can't Discharge Tax Debt in Bankruptcy - Untimely Filings Were Not Returns
    • Tax Court Reverses Course on Gift Tax Issue
    • IRS Issues Guidance on Effect of ACA on Certain Health Arrangements
    • IRS Clarifies Rules for Qualified Real Property Expensed Under Section 179
    • An In-Depth Look: Final Capitalization Regs Contain Many Changes Favorable to Taxpayers
    • IRS Explains How to File DOMA Related Employment Tax Refund Claims
    • IRS Final Capitalization Regs Contain Many Favorable Changes for Taxpayers
    • IRS Final Regs Issued on Health Insurance Mandate Penalty for 2014
    • A Practical Guide: Sustainable Research Tax Credit Claim.
    • A Closer Look: Health Insurance Tax Credit for Small Business
    • Final Meal and Entertainment Expense Regs Clarify Who Is Subject to the Limitations.
    • A Practical Guide to Perfecting Your Tax Research Techniques.
    • No Home Office Tax Deduction for Employee Working from Home.
    • New DOMA Update: An In-Depth Look at the Tax Implications of US v. Windsor.
    • Inappropriately Signed Return Keeps Statute of Limitations Open.
    • Does Issuance of Form 1099-C Dissolve Debt? Bankruptcy Court Parts Ways with Other Courts.
    • Tax Court: No Form 8332, No Dependency Exemption.
    • Taxpayer Can Deduct Unallocated Support Payments in Full as Alimony
    • IRS Suffers Estate Tax Loss: An In-Depth Look at Estate of Kite v. Commissioner
    • Loving v. IRS: District Court Slams IRS for Overreaching Its Authority
    • American Taxpayer Relief Act(ATRA)of 2012: An In-Depth Analysis.
    • An In-Depth Look: The Additional .9% Medicare Tax.
    • An In-Depth Look: The 3.8% Net Investment Income Tax.
    • New 3.8 Percent Tax on Investment Income and .9 Percent Additional Medicare Tax
    • Parker Tax Publishing - Tax Court Decides If Taxpayer's Coaching Business is a Hobby
    • Supreme Court Declines to Review S Corp Reasonable Compensation Case.
    • S Corp Owner Liable for Tax on Entire Vested Accrued Benefit in ESOP
    • Taxpayers Could Not Update Last Known Address on Forms 2848 or 4868.
    • Ministers' Housing Allowance Exclusion Does Not Violate First Amendment.
    • IRS Broadens Penalty Relief for Underpayment of Estimated Tax for 2018.
    • Court Rejects Refund Claim Where POA Did Not Authorize Preparer to Sign the Claim.
    • Supreme Court Reverses Eighth Circuit; Jury Award for Lost Wages Was Subject to Railroad Tax.
    • Drug-Induced Compulsive Gambling Losses Aren't Deductible Casualty Losses.
    • All Social Security Benefits Are Includible in MAGI in Determining Premium Tax Credit.
    • IRS Provides Penalty Relief Relating to New Form 1065 K-1 Reporting Requirement.
    • Bankruptcy Debtor Did Not Fraudulently Evade Paying Tax Debts.
    • Federal Circuit Affirms Award of Litigation Costs to Partnership in TEFRA Proceeding.
    • IRS Amends Low-Income Housing Credit Compliance-Monitoring Regulations.
    • Taxpayer Allowed to Deduct Payment of Court-Ordered Alimony Arrearages.
    • Taxpayers Can't Introduce New Issues through Rule 155 Computations.
    • Charitable Deduction Disallowed for Donation of House to Deconstruction Organization.
    • IRS Abused Its Discretion in Rejecting Taxpayer's Offer in Compromise.
    • Eleventh Circuit: Waiver of NOL Carryback Was Irrevocable.
    • Taxpayer's Sale of Intellectual Property Results in Capital Gain.
    • Tax Court Upholds LLC's $2.9 Million Bad Debt Deduction.
    • Court Rejects Novel Arguments and Holds Qui Tam Award Is Taxable Income.
    • State Law Cured Defective Conveyance of Property Out of Estate.
    • CPA May Have Been Negligent in Failing to Follow Up After E-Filing Couple's Return.
    • CFO Who Paid Creditors Before the IRS Liable for Payroll Taxes.
    • IRS Waiving Underpayment of Estimated Tax for Some Individuals for 2018 Returns.
    • What to Do About Missing Forms W-2 and Forms 1099.
    • CPA Can't Access Client's IRS Appeal Documents to Assist in His Criminal Case.
    • Ninth Circuit: Question Exists on Whether Lien Attached to Property Purchased With Ponzi Scheme ...
    • Two of Three Conservation Easements Did Not Give Rise to Charitable Deductions.
    • IRS Updates Guidance on Vehicle Cents-Per-Mile Valuation Rules.
    • Taxpayer "Willfully" Failed to File FBAR; Maximum Penalty Upheld.
    • Top 12 Tax Developments of 2018.
    • January 31 Deadline Looms for Forms W-2 and 1099-MISC; Strategies for Claiming 199A Deduction ...
    • IRS Confirms Tax Filing Season Begins January 28; Plans to Pay Refunds During Government Shutdown.
    • Second Circuit Reverses Tax Court; Roth IRA Arrangement Did Not Lack Economic Substance.
    • IRS Lien Could Attach to Debtor's Interest in Nondebtor Spouse's Retirement Account.
    • Third Circuit Clarifies Standard for Proving a "Willful" FBAR Violation.
    • IRS to Limit Certain Partnerships from Opting Out of Centralized Partnership Audit Regime.
    • IRS Finalizes Centralized Partnership Audit Regime Regulations.
    • Draft IRS Pub. Includes New Schedules to Help Calculate Sec. 199A Deduction.
    • IRS Guidance Clarifies Certain TCJA Property-Related Changes.
    • 2018 Year-End Tax Planning for Businesses.
    • Country Club Can't Deduct Nonmember Event Losses from Investment Income.
    • IRS Releases Guidance on the Suspension of Personal Exemption Deductions.
    • Church Members' Donations to Minister Were Taxable Income, Not Gifts.
    • Increase in Value of Split-Dollar Insurance Policy Was a Distribution, Not Income, to S Corp ...
    • IRS Abused Its Discretion by Failing to Consider Proposed Offers and Hardship Claim.
    • IRS Extends Replacement Period under Sec. 1033 for Certain Livestock Sales.
    • Owner of Tax Prep Firm Was Not Liable for Penalties on Returns Signed by Employees.
    • S Shareholder's Amended Filings Satisfied Requirement to Identify Inconsistencies with Return.
    • IRS Issues Retroactive Guidance on Employer Credit for Paid Family and Medical Leave.
    • Second Circuit Reverses Tax Court: Extensions of Variable Contracts Constituted Taxable ...
    • German Resident Isn't Eligible for Foreign Earned Income Exclusion.
    • Termination Payment Was Ordinary Income Subject to Self-Employment Tax.
    • Taxpayer Qualified as Real Estate Professional; Rental Losses Not Limited by PAL Rules.
    • Couple Failed to Show That "Act of State" Doctrine Applied to Foreign Distributions.
    • IRS Extends Tax and Penalty Relief to Victims of Hurricane Florence.
    • IRS Voluntary Annual Filing Season Program Withstands AICPA's Challenge.
    • Ten-Year Statute Doesn't Apply to Refund Arising from Foreign Tax Deduction.
    • IRS Rev. Proc. Addresses Accounting Method Changes for an Eligible Terminated S Corp.
    • Proposed IRS Regs Prevent Taxpayers from Working Around SALT Limitation.
    • Tax Court Did Not Have Jurisdiction Over S Corporation's Employment Tax Liability.
    • Automatic Extensions Kept on Many Information Returns Other Than Form W-2 Series.
    • IRS Rev. Proc. Addresses Automatic Accounting Method Changes for Small Businesses.
    • Long Awaited Section 199A Proposed Regs Are Generally Favorable to Taxpayers.
    • In Depth: Bonus Depreciation Regs Issued; Taxpayers May Rely on Them Immediately.
    • IRS Issues Guidance Relating to Certain Tuition Program and Education Expense Rules.
    • Parents Who Lost Custody of Children Could Not Claim Them as Dependents or Take Child Tax Credit ...
    • Spouse with No Control over Couple's Tax Filings Did Not Willfully Evade Payment of Taxes.
    • Taxpayer Can't Deduct $400,000 Restitution Payment Made as Part of Criminal Sentence.
    • LLCs Don't Qualify as "Customers" under the Right to Financial Privacy Act.
    • Some Exempt Organizations No Longer Required to Report Donors' Names and Addresses to the IRS.
    • Newly Enacted Section 67(g) Won't Prevent Certain Estate and Trust Deductions.
    • Prop Regs Address TCJA's Expansion of Return Preparer Due Diligence Penalty to HOH Determination
    • No Innocent Spouse Relief for Widow Who Failed to Report Insurance Proceeds on Form 8857.
    • Nuclear Plant Operator's Waste Disposal Fees Did Not Qualify as Specified Liability Losses.
    • IRS Supervisor Approval Not Required for Tax Court to Assess Frivolous Arguments' Penalty.
    • Taxpayer Sues Mortgage Servicer for Not Including Capitalized Interest on Form 1098.
    • S Corp Shareholder Not Entitled to Basis Increase as Loan Guarantor and Co-Borrower.
    • IRS Wins Judgment Against Estate Where Decedent Used Tax Shelter to Avoid Taxes.
    • Fifth Circuit Vacates Lower Court Decision on Taxpayer's Liability for Section 6672 Penalty.
    • Summary Judgment Denied in Tax Court Case Involving Split Dollar Life Insurance Arrangements.
    • Legal Fees Relating to Status of Investment Fund Distributions in Divorce Were Not Deductible ...
    • S Shareholder Can't Unilaterally Elect FICA Tax Credit on S Corporation's Behalf.
    • Supreme Court Reverses Seventh Circuit; No Railroad Tax on Stock Options.
    • IRS Proposes Removal of Temp Regs on a Partner's Share of a Partnership Liability for Disguised ...
    • Taxpayer Can't Lay Blame for Failure to Pay Employment Taxes on Deceased Partner.
    • Bank Failed to Establish Basis in Intangible Assets Acquired During S&L Crisis.
    • IRA Trustee Must Withhold Federal Taxes on Amounts Paid to Unclaimed Property Fund.
    • Tax Court Reduces Taxpayer's Basis in Solar Panel Venture, but Finds in Taxpayer's Favor on ...
    • Taxpayer Was Independent Contractor, Notwithstanding Employee Status Indicated on Form W-2.
    • IRS Liable for Damages for Willfully Violating Bankruptcy Discharge Order.
    • Fifth Circuit Affirms Tax Court's Holdings on Closing Agreement and Offer In Compromise.
    • Professional Gambler Can't Deduct Track's Takeout in Calculating Gambling Losses.
    • Entertainment Company Was a Trade or Business, but Failed to Substantiate Expenses.
    • Former University Employee Can't Exclude Tuition Waiver from Income.
    • IRS Responds to State Legislative Attempts to Circumvent Limitation on SALT Deduction.
    • Partnership Consisting of Disregarded Entities Did Not Qualify for TEFRA Small Partnership Exception.
    • Taxpayers Must Exhaust Administrative Remedies before Recovering Costs for Bankruptcy Violations.
    • Ten Year Limitations Period Did Not Apply to Taxpayer's Foreign Tax Credit Refund Claim.
    • Federal Circuit Reverses Lower Court; Allows Partial Exclusion of Extraterritorial Income.
    • Alleged Non-profit Was Really a Facade for a Doctor's Consulting Activity.
    • IRS Does Not Bear Burden of Production in Partnership Level Proceedings.
    • Son Fraudulently Induced Parents to Sell Company at a Discount by Not Disclosing Nonpayment of ...
    • Pizza Company Liable for Excise Taxes on Excess Contributions to Pension Plan.
    • Engineer's Losses from Music Activities Partially Allowed as Business Expenses.
    • Insurers Can Bring Class Action for Unpaid ACA Cost Sharing Reduction Payments.
    • Law Firm Can Equitably Recoup Employment Taxes Erroneously Paid by Related Entity.
    • IRS Adjusts 2018 HSA Annual Limitation on Deductions.
    • Attorney's Affidavit Insufficient to Rebut IRS's Proof of Claim in Bankruptcy.
    • Late Filing of Carryback Application to Wrong Year Was Not an Informal Refund Claim.
    • First Circuit Reverses Tax Court; Roth IRA Arrangement Did Not Lack Economic Substance.
    • Hearing Officer Not Required to Substantively Analyze Supervisor's Approval of Penalty.
    • Case Against IRS Involving Phone Call Broadcast on Howard Stern Show Moves Forward.
    • Doctor's Royalty Income from Patent Is Ordinary Income, Not Capital Gain.
    • Short Sale of Rental Property and Discharge of Mortgage Debt Resulted in No Gain or Loss.
    • Gravel Sales Not Exempt from Tax under Native American Treaties.
    • Liability for ACA Shared Responsibility Payment Isn't a Priority Claim in Bankruptcy.
    • Proposed Regs Would Modify Definition of Short-Term, Limited-Duration Insurance.
    • Penalty Imposed on Business Owner Who Used Loan Funds to Pay Expenses Instead of Payroll Taxes.
    • Payment of Gain from Sale of Marital Home to Ex-Spouse Was Not Deductible as Alimony.
    • IRS Extends Three-Year Carried Interest Holding Period to S Corporations.
    • Couple Can't File Successive Motions to Extend Deadline to Appeal Tax Court Case.
    • Payments from Foreign Sales Corporation Reclassified as Excess Roth IRA Contributions.
    • IRS Gives More Time for Deducting Home Repair Damage Due to Presence of Pyrrhotite.
    • Eleventh Circuit: Contract Termination Payment Was Ordinary Income, Not Capital Gain.
    • Refund Claim for ACA Shared Responsibility Payment Was Properly Filed on Form 843.
    • Deficiencies Resulting from Improper Inventory Reporting and Unreasonable Compensation Upheld.
    • Lower Court Reversed; Deduction for Trust's Property Donation Is Limited to Basis.
    • Tax Court Limits Real Estate Developer's Losses; Rejects Penalty Assessment.
    • 2018 Pension Plan Limitations Not Affected by Tax Cut and Jobs Act of 2017.
    • Taxpayer Entitled to Innocent Spouse Relief for Tax on Former Spouse's Income, but Not for Tax ...
    • Taxpayer's Self-Serving Affidavit Was Sufficient to Defeat Summary Judgment.
    • Virgin Islands Tax Return Triggered Statute of Limitations When Forwarded to the IRS.
    • Federal Circuit Reverses Lower Court; Supports Hospital's Bid for FICA Reimbursement.
    • Third Circuit Affirms Tax Court; $10 Million in Transfers Were Equity Investments, Not Debt.
    • Budget Bill Includes Tax Extenders, California Wildfire Disaster Relief, and a Grab Bag of Tax ...
    • Bankruptcy Court Holds S Corporation Status Is Not Property for Bankruptcy Purposes.
    • Standard Mileage Rates for 2018 Increase Slightly.
    • Nonprofit Teaching Hospitals Subject to Income Tax on Fees from Third-Party Vendors.
    • Tax Court Reconsiders Accuracy-Related Penalty in Light of Chai Decision, Still Sides With IRS.
    • Fifth Circuit Rejects Challenges to Conviction for Willful Failure to Collect and Pay Over Taxes.
    • Tax Court Upholds IRS Denial of Whistleblower Award.
    • Extended Limitations Period Did Not Apply to Omissions of Foreign Income.
    • District Court Holds That Settlement Proceeds Were Nontaxable, but Disallows Deduction of Legal Fees
    • Tax Court Holds That Family Owned Investment Fund Manager Carried on a Trade or Business.
    • Patent Owner Not Entitled to Capital Gains on Royalty Income.
    • Tax Research - Tax Analysis Articles Archived 2015-2017 - Parker Tax Publishing
    • Prop. Regs Address Foreign Issues Relating to Centralized Partnership Audit Regime.
    • Court Petition Was Validly Postmarked Before Filing Deadline Using Non-USPS Label.
    • Legal Fees to Recoup Alimony Payments Were Nondeductible Personal Expenses.
    • IRS Entitled to Examine Cryptocurrency Exchange's Client Records.
    • Pfizer Settlement Payment Was Not Excludible from Income as Payment for Physical Injury.
    • Tax Court Disallows Loss from Dissolution of S Corporation Due to Lack of Economic Substance.
    • Senate Tax Bill Clears Finance Committee; Floor Debate Expected This Week.
    • Taxpayer Doesn't Have COD Income from Waiver to Repay Overpaid Pension Payments.
    • District Court Can Add Tax Gross Ups to Title VII Damages Awards.
    • Taxpayer Erroneously Listed as Primary Loan Obligor Did Not Have COD Income.
    • Indirect Loans Did Not Increase Shareholders' Bases in S Corporation's Debts.
    • Airline Pilot Did Not Qualify for Foreign Earned Income Exclusion; Not Liable for ...
    • House Prepares to Vote on Tax Reform; Senate Makes Dozens of Changes to Its Bill, Adds Repeal of ...
    • Taxpayer Can File Joint Return after Erroneously Filing as Head of Household.
    • Engineer Can't Deduct Ph.D. Educational Expenses Because Degree Leads to a New Trade or Business.
    • No Discharge of Tax Debts in Bankruptcy for Couple with High Income, Extravagant Lifestyle.
    • Death of Former CEO Abates Certain Convictions and Restitution Amounts.
    • CEO Did Not Willfully Fail to File Accurate FBAR.
    • Court Rules IRS Must Give Reason for Rejecting Psychologist's Letter on Taxpayer's Financial ...
    • Failure to Subordinate Mortgages Precludes Conservation Easement Deduction.
    • Rebate in Excess of Tax Shown on Return Increases Taxpayer's Deficiency.
    • Canadian Citizen's Unemployment Compensation Not Exempt under Tax Treaty.
    • Failure to Allow Notice and Comment Period Invalidates Reg on Inversion Transactions.
    • Farm Rental Income from Wholly Owned S Corporation Was Not Subject to Self-Employment Tax.
    • Owner of Fast Food Restaurants Can't Revise Merger Transaction After Deal Closes.
    • Sovereign Immunity Did Not Bar Bankruptcy Trustee's Action to Avoid Debtor's Fraudulent Tax Payments
    • IRS Barred by Statute of Limitations from Assessing Tax and Penalties Nine Years after Merger.
    • IRS Addresses Tax Treatment of Employer Programs to Aid Hurricane Victims.
    • IRS Validly Examined Predeceased Spouse's Return to Determine DSUE.
    • District Court Denies Deductions for Losses from Bad Real Estate Deal.
    • Tax Court Upholds IRS's Adjustments to Cement Company's Depletion Deductions.
    • Sixth Circuit Rejects FATCA and FBAR Challenges by Senator Rand Paul and Others.
    • Tax Court Rejects Insurance Expense Deductions Relating to Microcaptive Transaction.
    • Gift Tax on Lifetime Gifts Not Includible in Gross Estate Due to Reimbursement Agreements.
    • Taxpayers Had to Repay ACA Advance Premium Tax Credit Due to Increase in Income.
    • Tax Court: Individual's Sale of Personal Residence to Parents was Part Sale, Part Gift.
    • Late Filing of Tax Return Precludes Recovery of $32,000 Tax Overpayment.
    • Fourth Circuit Upholds Tax Return Preparer's Conviction for Filing False Returns.
    • Native American Treaties Exempt Gravel Sales from Income Tax.
    • Farm Owners Not Exempt from Deduction Limit for Conservation Easement Contribution.
    • Taxpayers Who Elected Standard Deduction Can't Deduct Gambling Losses.
    • IRS Uses U.S. - Canada Treaty as Leverage to Recover FBAR Penalty from U.S. Citizen Living in Canada
    • Shareholder Liable as Transferee for Dividend Payments Leading to Company's Insolvency.
    • Individual's Personal Loans to Failed Company Qualified for Bad Debt Deduction.
    • Fifth Circuit Vacates Tax Court Holding Against Donors of Conservation Easements.
    • Innocent Spouse Relief Denied for Wife Who Had Reason to Know of Husband's Failure to Pay Taxes.
    • Case Not Moot Where IRS Reserves Right to Reassess Penalties at a Later Date.
    • Co-owner Liable for Employment Taxes Not Paid by Other Co-owner.
    • Unemployment Income Returned in a Later Year Was Taxable in Year Received.
    • PubL116-136Sec1102.pdf
    • PubL116-136-Sec1106.pdf
    • SBA-2020-0015.pdf
    • SBA-Form-2483.pdf
    • Rail Carrier Was Not Required to Withhold Taxes on Payments of Stock to Employees.
    • Court Looks to Tax Code to Determine LLC Owner's Payments on Defaulted SBA Debt.
    • Couple Incorrectly Told They Qualified for Premium Tax Credit Must Repay Credit.
    • District Court Upholds IRS Test to Determine Exempt Status of Political Advocacy Groups.
    • Missed Payment Resulted in Deemed Distribution of Loan from Qualified Profit Sharing Plan.
    • Contractual Right to Receive $225,000 Is a Right to Stock; Section 351(a) Governs Incorporation.
    • Redemption of Foreign Corp's Interest in US Partnership Did Not Result in US Source Capital Gain
    • Cash Method Landfill Business Can Currently Deduct Estimated Future Cleanup Costs.
    • Senate Begins Floor Debate on Healthcare; New "Skinny" Obamacare Repeal Plan Seen as Leading ...
    • Tax Court Denies Serial Whistleblower's Request for Anonymity.
    • Subordination of Mortgages after Conveyance of Property Precludes Charitable Deduction.
    • IRS Finalizes Streamlined Process for Applying for Sec. 501(c)(3) Nonprofit Status.
    • Partnership Can't Deduct Contribution of Remainder Interest in Property to University.
    • Individual Who Directed IRA to Purchase Stock Did Not Receive Taxable IRA Distribution.
    • Expenses for Meals Provided to Professional Hockey Team While Away from Home Were Fully Deductible.
    • IRS Targets Eight Regulations in Attempt to Reduce Regulatory Burden.
    • S Corporation Liable for Employment Taxes Not Paid by Professional Employer Organization.
    • Court Rejects Taxpayer's Reliance on "Outlier" Fifth Circuit Decision.
    • IRS's Computation of Taxpayer's Reasonable Collection Potential Wasn't Reasonable.
    • Sale of Businesses Were Sales of Franchises; Gain Was Capital, Not Ordinary.
    • Tax Preparer's Obstruction Conviction Upheld, but Restitution Order Modified.
    • Bank Entitled to Deduct Interest on Loan Connected to STARS Transaction.
    • Taxpayer Made an Informal Refund Claim for When She Filed Wrong Form Seeking Innocent Spouse Relief.
    • Entity's Disregarded Status Doesn't Preclude It from Being a Pass-Thru Partner Subject to TEFRA.
    • Veteran's Disability Retirement Benefits Were Excludable from Income.
    • IRS Did Not Abuse Its Discretion in Rejecting Nonprofit's Installment Agreement Request.
    • No Relief Available Where IRS Letter Gave Wrong Date for Filing Tax Court Petition.
    • Sixth Circuit Finds CEO Took Reasonable Steps to Ensure Payment of Payroll Taxes.
    • Prison Inmate Not Eligible for Earned Income Tax Credit on Income Earned While in Hospital.
    • IRS Not Bound by Offer in Compromise with Modified Terms Even Though It Cashed Taxpayer's Check.
    • Failure to Disclose Listed Transaction on Form 8886 Prevented Statute from Running.
    • Property Transferred to Family Limited Partnership Was Included in Decedent's Gross Estate.
    • District Court Incorrectly Applied Factors in Considering If IRS Could Foreclose on Married ...
    • Tax Debts Were Not Dischargeable in Bankruptcy; Late Returns Were Not Returns for Bankruptcy ...
    • Taxpayer Properly Barred from Challenging Penalty in CDP Hearing.
    • Court Calls Taxpayer's Arguments "Heavy on Chutzpah"; Duty of Consistency Prevents Additional ...
    • Tax Court Has Jurisdiction over Penalty Relating to Inconsistent Partnership Reporting.
    • Estate Can't Deduct Interest on Loan Used to Pay Estate Taxes.
    • Federal Circuit Vacates Claims Court Decision on Timing of Investment Scheme Loss; Couple Gets ...
    • Retired Police Officer Granted Hardship Waiver for Late Retirement Rollover.
    • Nonprofit Hospital Was a Corporation for Purposes of Calculating Interest Rate on Overpayments.
    • Questions Exist as to Whether CEO Willfully Failed to File an Accurate FBAR; Summary Judgment Denied
    • Court Denies IRS Attempt to Reclassify Workers; Denies Taxpayers' Request to Recoup Costs.
    • Extensions of Variable Prepaid Forward Contracts Did Not Constitute a Sale of Property.
    • IRS Records of Workers' Income Tax Payments Were Discoverable by Employer.
    • Nursing Home Manager Liable for Penalties for Failing to Pay Over Payroll Taxes.
    • Individual's Claim of Exemption in Bankruptcy Did Not Shield EITC Refund from IRS Offset.
    • Individual Denied S Corporation Basis Increase for Unpaid Judgments on Real Estate Foreclosures.
    • Lawyers in Professional Limited Liability Company Subject to Self-Employment Tax.
    • Proposed Revenue Procedure Addresses Changes Relating to New FASB Standards.
    • Administrative Tasks Don't Count Towards 39-Week Moving Expense Deduction Requirement.
    • Second Circuit Reverses Imposition of Accuracy-Related Penalty; IRS Did Not Obtain Supervisory ...
    • Nonresident Aliens' U.S. Summer Jobs Don't Qualify as "Away From Home"; No Deduction Allowed for ...
    • Charitable Deduction for Contribution of Airplane Interest Doesn't Fly with IRS.
    • Taxpayers Did Not Have Unrestricted Right to Funds Fraudulently Acquired.
    • Obamacare Repeal Moves to House Floor; Ultimate Passage Uncertain.
    • Taxpayer Can Deduct Payments for Alternative Medical Care.
    • Russian Ruble's Collapse Didn't Result in Loss Windfall for Funds' Partner.
    • Nonresident Alien Not Entitled to Withholding Tax Refund on Backgammon Payout.
    • Dentist Qualifies as Real Estate Professional; Rental Real Estate Losses Are Deductible.
    • Substance-Over-Form Doctrine Doesn't Authorize IRS to Reclassify Transfers from DISC to Roth IRAs.
    • IRS Gears Up to Report Unpaid Taxes to State Dept; Revocation or Denial of Passports Could Result.
    • District Court Bucks the Trend of Penalizing Estates for Relying on Expert's Advice.
    • OMB Directive Offers Interim Guidance on Regulatory Cap; Dearth of New IRS Guidance Continues.
    • How to Handle Missing or Incorrect Forms W-2.
    • Court Affirms Former Trucking Company CEO's 90-Month Prison Sentence for Tax Evasion and Bank Fraud.
    • Payments by Failing S Corporation to Shareholder Were Distributions, Not Wages or Expense ...
    • Taxpayers Improperly Deducted Legal Fees Related to Former Employment as Negative "Other Income".
    • Engineering Company Fails Two-year Test for Exception to Percentage of Completion Accounting Method.
    • Doctor's Surgery Activities Can't be Grouped with Surgical Rental Business.
    • Accountant's Adoption of New Paperless Tax System Justified Client's Form 3115 Filing Extension.
    • RV is Dwelling Unit: Business-related Depreciation and Interest Deductions Denied
    • White House Moratorium on Issuing Regulations Affects Issuance of Proposed Partnership Audit Rules.
    • Court Rejects Attempt to Use Dissolved S Corp to Deduct Trust Fund Penalty Taxes.
    • Tax Court Finds No Financial Hardship Exception to IRA Early Withdrawal Penalty.
    • Accumulated Earnings Tax Applies Despite Corporation's Lack of Liquidity.
    • Company Not Entitled to Deduction under Code Sec. 83 for Stock Transferred to Officer.
    • IRS Provides Guidance on De Minimis Safe Harbor from Information Reporting Penalties.
    • IRS Announces that 2016 Filing Season Begins on January 23, 2017.
    • Financial Advisor Can't Use S Corp to Shield Himself from Self-Employment Taxes.
    • Tax Research - Parker Tax Publishing - Archived Tax Briefs (October 2020 - August 2020)
    • CPA Sample Client Letter: 2020 BUSINESS.
    • CPA Sample Client Letter: 2020 BUSINESS.
    • H.R.1865.pdf
    • Parker_Tax_Section_199A_Deduction_Qualified_Business_Income.pdf
    • Parker_TCJA_Quick_Reference_Individuals.pdf
    • Parker_TCJA_Quick_Reference_Businesses.pdf
    • Parker_TCJA_Quick_Ref_Deduction_Qualified_Business_Income.pdf
    • Chief Counsel Questions Use of Electronic Signatures Where Not Specifically Authorized.
    • Prison Time Considered an "Absence Due to Special Circumstances" in Determining Dependency Exemption
    • Distribution from Decedent's IRA to Wife to Settle Suit with Stepson Is Subject to Tax and Penalties
    • IRS Failure to Issue Regs Precludes Donor's Use of Alternative Method of Substantiating Contribution
    • Wharton M.B.A. Expenses Deductible as Unreimbursed Employee Expenses.
    • IRS Extends Time to Request Automatic Consent for Changes Relating to Tangible Property Regs.
    • Heirs Not Liable for Estate's Taxes as Trustees or as Personal Representatives.
    • Rollover Limit Precludes Waiver of 60-Day Requirement for Taxpayer's Second IRA Distribution.
    • Tax Court: Interest and Property Taxes Relating to Growing of Trees Must Be Capitalized.
    • Dot-Com Mogul Not Entitled to $112 Million Capital Loss from CARDS Transaction.
    • Combat-Injured Veterans Tax Fairness Act of 2016 Extends Statute for Veterans to Collect Refunds.
    • Tax Benefit Rule Doesn't Apply to Inherited Farm Inputs Deducted in Year Paid and Year Used.
    • Chief Counsel's Office Discusses Options Where Portability Election Is Filed Late.
    • Temporary Regs Expand Preparer Due Diligence Requirements to Child Tax Credits.
    • Court Rejects Sunoco's $300 Million Refund Claim Relating to Fuel Mixture Credit.
    • Gift Arose from Merger of Family's Corporations; Case Remanded to Consider Challenges to IRS ...
    • Mortgage Modifications Qualify for Debt Forgiveness If Entered into Before January 1st.
    • IRS Finalizes Fee Increases for Taxpayers Entering Into Installment Agreements.
    • IRS's Own Evidence Supports Taxpayer's Mortgage Interest Deductions; Home Office Deduction Denied.
    • Proposed Regs Address IPIC Pooling for Dollar-Value LIFO Method of Accounting.
    • Doctor Subject to Payroll Tax Penalty for Paying Employees Before IRS.
    • Developer's Losses in Real Estate Downturn Don't Translate into Deductible Losses.
    • IRS Extends Deadlines to Furnish Health Coverage Information to Individuals.
    • Court Relies on Owner's Opinion of Property's Value to Determine Casualty Loss.
    • IRS Releases 2017 Retirement Plan COLA Amounts.
    • Decline of Estate's Stock Value Leaves Nothing for Executor; Federal Liens Take Priority.
    • Sovereign Immunity Bars Claims for Emotional Damages from IRS Misconduct.
    • IRS Reminds Practitioners to Renew PTINs for 2017.
    • Deferred Compensation Was Subject to Substantial Risk of Forfeiture Where Employer Provided ...
    • Modified Child Support Order Didn't Contradict Taxpayer's Claim That He Was Custodial Parent.
    • Failure to Make Debt Payments for 36-Months No Longer Triggers Deemed Discharge.
    • Taxpayer's Detailed Records Proved Loans Were Bona Fide.
    • Treasury Department Provides Advice on Maximizing Education Tax Credits by Proper Allocation of ...
    • IRS Issues Inflation-Adjusted Amounts for 2017.
    • Taxpayers Weren't Required to Include "Cash for Keys" Payment in Ordinary Income.
    • Wife Who Spent Time Caring for Disabled Son Was Not a Responsible Person.
    • IRS Limits Application of Debt/Equity Regs, Expands Exceptions for Ordinary Business Transactions.
    • Investigation of Father's Mysterious Death Was a Hobby, Not a Business.
    • Temp Regs Allow More Time to Make Disaster Loss Elections.
    • Loss from Sale of Equipment Used to Generate DPGR Didn't Affect QPAI.
    • Trust Can't Deduct Charitable Contributions Where Will Did Not Explicitly Allow Them.
    • New Overtime Rules Go Into Effect December 1st; What Tax Practitioners Need to Know.
    • Drought-Stricken Farmers and Ranchers Have More Time to Replace Livestock; Counties in 38 States ...
    • Incompetent Legal Counsel Doesn't Excuse Estate from Late Filing Penalties.
    • IRS Updates Per Diem Rates for Travel Away From Home.
    • Estate Could Deduct Theft Loss Decedent's LLC Suffered in Madoff Ponzi Scheme.
    • IRS Finalizes Regulations on Internal Use Software for Purposes of the Research Credit.
    • IRS Updates Guidance on Unnecessary QTIP Elections to Address DSUE Portability.
    • No Foreign Tax Credit Where Sisters Couldn't Prove Virgin Island Residency.
    • Settlement for Disability Benefits Not Excludable as Damages for Sickness.
    • IRS Finalizes Regulations Reflecting Same-Sex Marriage Cases and Rulings.
    • Royalties Are Ordinary Income Where Doctor Retained Rights in Patents.
    • Purported Like-Kind Exchanges Involving Sale-Leasebacks Didn't Meet Section 1031 Requirements.
    • Gross Receipts from Taxpayer's Construction Activities Qualify as DPGR.
    • Attempts to Avoid Land Use Restrictions Betrayed Intention to Develop Property for Sale; Gain ...
    • Taxpayers' Withdrawal of Excess IRA Contributions Weren't Timely; Seventh Circuit Upholds Penalty.
    • Partnership Not Entitled to Capital Gain Treatment on Forfeited Deposit.
    • IRS Finalizes PTIN Fee Reduction.
    • D.C. Circuit: Tax Court Erred in Its Analysis of U.S.-France Totalization Agreement.
    • Sample CRAT Provision Provides Alternative for Satisfying Probability of Exhaustion Test.
    • IRS Issues Procedures for Electing to Apply New Partnership Audit Regime.
    • Taxpayer Is Liable for Self-Employment Taxes Rather Than His Bankruptcy Estate.
    • Proposed Regs Increase User Fees for Installment Agreements.
    • Court Voids Penalties for Late Filing Where Taxpayer Had a String of Bad Luck.
    • Consultant Had Accounting Method Change; Reliance on CPA Helps Him Avoid Penalties.
    • Retired Air Force Pilot Couldn't Deduct Start-Up Costs of Nascent Aviation Business.
    • Chief Counsel's Office Focuses on Whether Companion Sitters Are Household Employees.
    • Injured Vet Was Not Financially Disabled; Statute Had Run on Collecting Tax Refund.
    • Prop. Regs Aim to Close Loopholes on Valuation of Certain Transferred Interests.
    • Prop. Regs Address New Reporting for Qualified Tuition Deduction and Education Credits.
    • Two Cases Illustrate Importance of Material Participation for Real Estate Professionals.
    • Income from Exempt Organization's Inherited Rental Properties Won't Lead to UBTI.
    • Taxes Not Dischargeable in Bankruptcy Where Debtor Filed Return 7 Years Late.
    • Seventh Circuit Reverses Tax Court; Taxpayer Not Entitled to Abatement of Interest.
    • IRS Eliminates Requirement to Submit Copy of Section 83(b) Election With Returns.
    • Couple Can Deduct Most of Wages Paid to Children Doing Jobs for Family Machinery Business; No ...
    • Deduction for Section 167(h) Geological and Geophysical Expenses Applies to Non-Owners Also.
    • Online Gambling Accounts with Offshore Sites Didn't Require FBAR Reporting.
    • No Casualty Loss Deduction Allowed for Payments to Repair Collapsed Retaining Wall.
    • Couple Can't Deduct Losses from Amway Distributorship.
    • Rollover Requirement Not Waived Where Taxpayer Used IRA Funds as Short-Term Loan.
    • Guidance Issued on NAV Method of Accounting for Money Market Funds.
    • Worker Not Entitled to Damages Under Tax Code for Alleged Employment Misclassification.
    • Lawyer's Automobile Restoration Activity Not a Hobby.
    • IRS Rejects Estate's Attempt to Retroactively Designate Trusts as IRA Beneficiaries.
    • Abandonment Loss Allowed for Leasehold Improvements Upon Couple's Eviction from Store.
    • Tenth Circuit Affirms Tax Court; Passive Participation in Oil and Gas Ventures Is Subject to ...
    • IRS Clarifies Term "Taxpayer" for Purposes of Excluding Cancellation of Debt Income.
    • Taxpayer Couldn't Deduct Loss for Forfeited Proceeds from Insider Trading.
    • Sale of Marital Businesses to Former Spouse Qualifies for Nonrecognition Treatment.
    • IRS Addresses Calculation of Taxable Portion of Phased Retirement Payments.
    • IRS Reduces Application Fee for Exemption Requests Submitted on Form 1023-EZ.
    • Doctor Couldn't Group Airplane and Medical Activities; Losses Disallowed.
    • Tax Preparer Escapes Fraud Penalty; Requisite Intent Not Found.
    • Taxable Income Includes Cash Rewards and Premium Reimbursements under Wellness Programs.
    • Tax Payment on Behalf of Ponzi Scheme Inventor Must Be Returned by IRS.
    • Bankruptcy Estate, Not Shareholders, Liable for Taxes from Sale of S Stock.
    • Post-Retirement Distributions under Deferred Comp Plan Subject to Self-Employment Taxes.
    • Owner Had Reasonable Basis for Classifying Home Care Workers as Independent Contractors.
    • District Court Sides with House Republicans, Rejects Obamacare Cost-Sharing Reimbursements.
    • $11 Million Paid to Officer-Shareholders of Closely Held Contracting Business was Reasonable Compensation.
    • California Can't Compel Controversial Nonprofit to Disclose Donor Information.
    • Temp Regs Clarify Self-Employment Tax Obligations Where a Partnership Owns a Disregarded Entity.
    • IRS Updates List of Automatic Changes for Accounting Methods.
    • Former Tax Court Judge and Husband Indicted for Tax Evasion and Filing False Returns.
    • Loan Guarantees to Self-Directed IRA Results in Deemed Distribution and Penalties to Owners.
    • Senate Finance Committee Drops Tax Preparer Regulation Provision from Bill on Taxpayer Protections.
    • Proposed Regs Clarify Amount and Timing of Deemed Distributions from Adjustments to Stock Rights.
    • Estate Not Liable for Additional Taxes in Split-Dollar Insurance Arrangement.
    • Taxpayer Granted Refund where IRS Substitute Returns Failed to Account for Foreign Taxes Paid.
    • Income from Sporadic Sales of Scrap Metal Not Subject to Self-Employment Tax.
    • Temp and Prop Regs Combat Corporate Inversions and Earnings Stripping.
    • Recently Released Blue Book Addresses Questions Posed by the New Partnership Audit Regime.
    • Payments to Related Company for Product Development Were Constructive Dividends to Common Owner.
    • No Theft Loss Where Couple Can't Prove Year They Abandoned Arbitration Claim.
    • Taxpayer Escapes Penalty Where Self-Directed IRA Funds Went Straight to Investment.
    • Hollywood Set Designer Entitled to Deduct Expenses as an Independent Contractor.
    • IRS Agent Erred in Applying Hobby Loss Rules to "Productive Use" Test for Like-Kind Exchange.
    • Sales of Real Property are Sporadic, Therefore Loss on Foreclosure Is Capital.
    • Employer Guidance Issued on Retroactive Increase in Excludable Transit Benefits for 2015.
    • Sixth Circuit Reverses Tax Court; Foreign Currency Option Can be a Foreign Currency Contract.
    • IRS Withdraws Controversial Prop Reg Allowing Nonprofits to Collect Donor SSNs.
    • Congress Permanently Extends Numerous Tax Provisions (PATH) Including Enhanced Child Tax Credit.
    • IRS Extends Deadline for Applicable Large Employers to Report Health Coverage Information.
    • Top 15 Tax Developments of 2015. (Parkers Tax Library)
    • No Plug-in Electric Vehicle Credit Where Golf-Cart Wasn't Delivered in Appropriate Tax Year.
    • No Loss Allowed for Expired Contract Where Business Continued as Normal.
    • Pending Federal Income Tax Refunds Are Includible in Gross Estate.
    • IRS Addresses Employer Payment of Employee Coverage Provided Under a Spouse's Group Health Plan.
    • Discharge of Corinthian College-Related Student Loans Won't Result in Taxable Income.
    • IRS Finds Fault with Taxpayer's Statistical Sampling Study.
    • Taxpayer's Care of Terminally Ill Wife Is Reasonable Cause for Failure to File Return and Pay Tax.
    • IRS Increases Tangible Property De Minimis Safe Harbor Threshold for Those Without Applicable Financial Statement.
    • 2015 Saw Significant Tax Law Changes, But Tax Extenders Remain up in the Air.
    • Sports Team Didn't Produce Game Broadcasts, Wasn't Entitled to DPGR Deductions.
    • Court Rejects IRS Arguments Aimed at Limiting Taxpayers' Real Estate Losses.
    • IRS Issues Safe Harbor Method for Restaurant and Retail Store Remodeling Projects.
    • Acquisition Cost of Internet Domain Names Must Generally be Capitalized and Amortized.
    • Fifth Circuit Affirms Bright Line Test on Use of Completed Contract Method by Developers.
    • In-Depth: Bipartisan Budget Act Avoids Government Shutdown, Replaces TEFRA Partnership Audit Procedures.
    • In-Depth Article: CPA Year-End Tax Planning for Businesses 2015.
    • In-Depth Article: CPA Year-End Tax Planning for Individuals 2015.
    • IRS Goes After Law Firm for Tax Shelter Transactions, Assesses Over $11 Million in Penalties.
    • Taxpayer's Cancer Doesn't Negate Liability for Tax on Discharged Debt Income.
    • IRS Issues Proposed Regs Applying Supreme Court Decisions on Same-Sex Marriage.
    • Eleventh Circuit Rejects Penalties Relating to Voluntary Disclosure under Amnesty Program.
    • IRS Releases Retirement Plan COLA Amounts for 2016.
    • Ninth Circuit Rejects Assignment of Noncompete Income to Partnership ...
    • Modified Obamacare Definition of "Small Business" Indirectly Affects Cafeteria Plans.
    • IRS and SSA Release Inflation-Adjusted Amounts for 2016; Wage Base and Other Amounts Unchanged.
    • Cigarette Reseller Not Eligible for Small Reseller Exception; UNICAP Rules Apply.
    • Company's Production of Unit Doses of Medicine Qualifies for Section 199 Deduction.
    • IRS Begins Launching 2015 Draft Forms and Instructions; What's New for 2015.
    • Multiple Poker Tournament Buy-Ins Aren't Aggregated for Form W-2G Reporting.
    • Economic Substance Doctrine Can Be Applied to Disallow Foreign Tax Credits.
    • Internal Revenue Service Issues Annual Per Diem Guidance.
    • IRS Eliminates Foreign Goodwill Exception for Tax-Free Transfers of US Intangibles.
    • Taxpayer's Debt Was Discharged Years Earlier than Form 1099-C Indicated.
    • Fifth Circuit Agrees That Custom Homebuilder Must Capitalize CEO's Salary.
    • No Fraud Found Where IRS and Taxpayer's CPA Turned Their Heads on Improper Inventory Reporting.
    • Guidance Addresses Retroactive Application of Bonus Depreciation Extended by TIPA.
    • Late Filings by Individual Partners Preclude Abatement of Penalty for Late Form 1065.
    • Taxpayers Can Reduce Value of Gift for Assumption of Code Section 2035(b) Estate Tax Liability.
    • Increase to a Reserve Account Does Not Satisfy the Bad Debt Charge-Off Requirement.
    • Unauthorized Incorporation of Business Precludes Deduction of Business Expenses on Form 1040.
    • Prop. Regs Clarify Calculation of Code Sec. 6707A Penalties on Reportable Transactions.
    • IRS Will No Longer Accept $100 Million Checks Beginning in 2016.
    • IRS Proposed Regs Require Healthcare Plans to Provide Hospital Coverage.
    • Court Absolves Poker-Playing President for Corporation's Failure to File Forms W-2 and W-3.
    • IRS Issues Temporary and Proposed Regs Preventing CFCs from Using Partnerships to Defer U.S. Taxation.
    • IRS Has an Unlimited Time to Assess Excise Tax When Form 5330 Is Not Filed.
    • Taxpayer Can't Use Principal-Residence Exclusion to Reduce Gain from Reacquiring Home.
    • Proposed Regulations Address Tax on Gifts and Bequests from Expatriates.
    • Donee's Liability for Donor's Unpaid Gift Tax Is Capped at Gift Amount, Fifth Circuit Holds.
    • Steep Increases in Information Reporting Penalties Set to Take Effect in January.
    • In-Depth: IRS Issues Proposed and Temporary Regs on Domestic Production Activities.
    • Value of Identity Protection Services Excludable from Gross Income.
    • Abused Wife with Mental and Physical Health Issues Qualifies for Innocent Spouse Relief.
    • 9th Circuit Denies Easement Deduction Where Mortgage on Property Wasn't Subordinated to Easement.
    • Taxpayer's Statute of Limitations Isn't Extended by Third Party's "Intent to Evade Tax".
    • Partners' "Sweat Equity" Translated into Capital Gain, Not Ordinary Income.
    • Tax Court Denies Deductions for U.S. Legal Education of Attorney Licensed Abroad.
    • Tax Court Limits Charitable Contribution Deduction for Remainder Interests in CRTs.
    • Car Rental Company Can't Take Casualty Loss Deduction for Totaled Vehicles.
    • Farming Corporation Can Deduct Field-Packing Materials in Year Purchased.
    • Couple Materially Participated in Charter Boat Business; Losses Not Passive.
    • In-Depth: IRS Issues Final Regs on Determining Distributive Share When a Partner's Interest Changes.
    • IRS Issues Prop. Regs. Regarding Allocable Cash Basis and Tiered Partnership Items.
    • Unmarried Co-owners Apply Mortgage Interest Limitation on Per-Taxpayer Basis.
    • IRS Ends Automatic Extension of W-2 Information Returns to Combat Identity Theft.
    • Congress Swaps Partnership and C Corp Deadlines, Overturns Supreme Court Decision.
    • IRS Announces Changes to Employee Plans Determination Letter Program.
    • Interest on S Corp Tax Overpayments Is Calculated at Corporate Rate Rather Than Higher Individual Rate.
    • Land Parcels' Modifiable Boundaries Defeats Deduction for Conservation Easement.
    • Tax Court Holds Entire Consolidated NOL Is Reduced under Code Sec. 108.
    • IRS Removes Requirement to File Copy of Code Sec. 83(b) Election with Returns.
    • Taxpayers Can't Change to Closed Transaction Method of Accounting for Buy-Out Payments.
    • Final Section 482 Reg Invalid; Fails to Satisfy "Reasoned Decision Making" Standard.
    • IRS Provides Economic Performance Safe Harbor for Ratable Service Contracts.
    • Prop Regs on Disguised Payments for Partnership Services Focus on Importance of Entrepreneurial Risk.
    • "Welfare Benefit Fund" Was Really a Split-Dollar Insurance Arrangement.
    • Court Rejects Attempt to Put S Corp on Cash Method; Disallows Deductions for Fossil Contributions.
    • Pot Dealer's Appeal Goes Up in Smoke; Expenses of Medical Marijuana Business Aren't Deductible.
    • Tax Court Fails to Properly Apply "Stern Test", Must Consider Economic Substance in Analyzing Stock Sale.
    • Taxpayer's Return Did Not Offer the Necessary "Clue" to Limit Statute to Three Years.
    • Section 752 Regs Don't Determine If Debt Is Recourse or Nonrecourse When Characterizing Income on Foreclosure.
    • Tax Court Rejects Diabetic Taxpayer's Attempt to Avoid Penalty on Early Retirement Distribution.
    • In-Depth: IRS Issues Proposed Regulations for Section 529A ABLE Programs.
    • Taxpayers Can't Use DISC to Disguise Excessive Contributions to Roth IRAs.
    • Losses in Pump-and-Dump Stock Scheme Are Capital, Not Theft, Losses.
    • In-Depth: Supreme Court Upholds Premium Tax Credits to Individuals in States with Federal Exchanges.
    • IRS Applicable Federal Rates July 2015.
    • Filing the Wrong Withholding Tax Return May Still Start Assessment Period.
    • Eighth Circuit: Tax Return Filed with Head-of-Household Status Is Not a "Separate Return".
    • Proposed IRS Regulations Address Aggregation of Basis in Corporate Stock Distributions.
    • In-Depth: Temp Regs Block Corporations from Using Partnerships to Avoid Recognizing Gains.
    • Expenses for Lawsuit against Condo Homeowner's Association Are Partially Deductible.
    • 11th Circuit Rejects Estate's Attempt to Dodge Code Sec. 642(g)'s Bar on Double Deduction.
    • Taxpayer Takes a Hit for Collecting Salary from Business Started with Self-Directed IRA.
    • In-Depth: IRS Finalizes Estate and Gift Tax Exclusion Portability Regulations.
    • Transfer of Assets to Wholly Owned Corporation Not a Sale; Capital Gains Treatment Denied.
    • Penalties Paid to Employee by Employer for Delayed Final Paycheck Are Not FICA Wages.
    • IRS: Registered Tax Return Preparer (RTRP) Test Fee Refunds – Frequently Asked Questions.
    • IRS to Refund Registered Tax Return Preparer Test Fees.
    • Tax Court: Defective Change in Accounting Method Can't Be Reversed Years Later without IRS Consent.
    • Lump-Sum Payment toward Lessor's Construction Costs Was Rental Income in Year Received.
    • Flower Retailer's Plan to Donate Profits Failed "Operational Test" for 501(c)(3) Status.
    • IRS Addresses Application of Preparer Penalties in Scenarios Involving Amended Returns.
    • IRS Updates Designated Private Delivery Services for Timely Filing Rule.
    • Taxpayer Can't Claim Former Foster Son's Daughter as Qualifying Child.
    • National Football League Abandons Tax Exempt Status.
    • Tax Court - Operating Agreement for Oil and Gas Interests Created Partnership.
    • First Circuit Upholds 40% Penalty for Grossly Overvalued Historic Preservation Easement.
    • IRS Announces Health Savings Accounts (HSA) Inflation Adjustment Amounts for 2016.
    • Rural Doctor Received Cancellation of Debt Income Stemming from Forgiveness of Incentive Loans.
    • Dividends to Insurance Policyholders were Properly Deducted in Year Guaranteed.
    • IRS Rules Proposed Disclaimers of Gifts from Deceased Wife were Qualified Disclaimers.
    • Eleventh Circuit Upholds Convictions in Stolen Tax Refund Check Scheme.
    • IRS Provides Penalty Relief to Taxpayers Affected by Erroneous Forms 1095-A.
    • Shareholders Benefitting from Asset Transfer Only Partially Liable for Unpaid Taxes.
    • IRS Fails to Follow 3-Step Process for Levying Retirement Account, Must Reconsider Collection Alternatives.
    • Construction Superintendent Cannot Deduct Long Commutes to Jobsites as Travel Expenses.
    • IRS Issues Temporary Regulations on Research Credit Allocation for Controlled Groups.
    • IRS Clarifies Limitations Period for Assessing Preparer Penalties for Amended Returns.
    • Tax Court: Support Payments Contingent on Homeschooling Child Treated as Alimony.
    • Couple Gets $1.4 Million in Gift Tax Exclusions for Transfers to Family Trust.
    • Final IRS Regs Clarify Deduction Limitation for Compensation in Excess of $1,000,000.
    • Restaurateur's Attempt to Pin $1.6 Million Omission on Tax Accountant Fails.
    • Taxpayer's Betrayal of Friend Leads to $7.8 Million Tax Bill.
    • Nonemployee Compensation in Tax Shelter Scheme was Not a Return of Capital.
    • The Tax Court held Minority Shareholders Liable as Transferees for Corporate Taxes.
    • Dude Ranch Shareholders Liable for Unpaid Corporate Taxes after Liquidation Scheme Collapses.
    • Fifth Circuit Allows a Nearly $100 Million Ordinary Loss for Pilgrim's Pride.
    • IRS Issues Proposed Rules on Winnings from Electronic Slot Machines.
    • Bartender's Meticulous Records Defeat IRS's Claim of Unreported Tip Income.
    • IRS Proposes "Next Day Rule" for Changes in Consolidated Group Membership.
    • Portions of Refundable State Tax "Credits" Were Includable in Federal Income.
    • Eight Circuit Rejects Like-Kind-Exchange Structured to Avoid Related Party Restrictions.
    • Inventor's Conspiracy Theories Can't Support Claim of Patent Infringement Theft Loss.
    • IRS Employs "Substance Over Form" to Deny Charitable Deductions in Partnership Transaction.
    • Tax Court: No Hobby Loss Limits for Inherited Hobby Shop.
    • Proposed Rev. Proc. Clarifies Employee Consent Procedures for FICA Tax Refunds.
    • Tax Court Sinks Riverboat Pilot's Tax Avoidance Scheme.
    • Pending Dispute Over Estate Proceeds Precludes Charitable Tax Deduction on 1041.
    • IRS Ends Confusion Over Form 3115 Requirements, Provides Relief to Small Businesses.
    • Taxpayers With Incorrect Tax Information On IRS Form 1095-A Urged To Delay Filing.
    • 2015 Luxury Vehicle Depreciation Limits and Lease Inclusion Amounts Announced.
    • Corporate Director Cannot Seek Contribution from CFO for Withholding Tax Penalties.
    • Burst Water Pipe Helps Taxpayers Avoid Accuracy-Related Penalty.
    • Tax Court: Dependency Exemption Stands, Daughter Not Married under Common Law.
    • How to Handle Missing or Incorrect Forms W-2 and 1099.
    • Client Funding Prevents Engineering Firm from Claiming Research Credit.
    • No Capital Gain Treatment for Properties Purchased at Tax Auctions for Quick Resale.
    • Tax Court Rejects Taxpayer's Attempt to Prioritize Alimony Over Child Support.
    • Tax-Turtle Taxpayer Can't Deduct Travel Expenses.
    • AICPA Addresses Escalating Concerns Surrounding Repair and Capitalization Regs.
    • Bankruptcy Court Prorates Tax Refund Between Debtor and Bankruptcy Estate.
    • IRS Fails to Provide New Accounting Method "Change Numbers" in Form 3115 Instructions.
    • Son Could Deduct Mortgage Interest as Equitable Owner of his Mother's House.
    • IRS Updates and Clarifies Procedures for Accounting Method Changes.
    • No Foreign Earned Income Exclusion for Taxpayer with Multiple U.S. Residences.
    • Tax Court: Payments for Egg Donations are Taxable Compensation.
    • An In-Depth Look: Proposed IRS Regs Clarify Research Credit for Internal Use Software.
    • Money Services Business Not a Bank; Tax Write Off of Bad Securities Denied.
    • No Refund Available for FICA Taxes on Compensation Deferred but Never Received.
    • Tax Court Clips Attorney-Pilot's Wings, Disallows Nearly 80 Percent of Flight Expenses.
    • Fifth Circuit Upholds Constructive Receipt of Stock Redemption Proceeds.
    • IRS Releases Employer Guidance on Retroactive Increase in Excludable Transit Benefits.
    • Ex- CPA Tax Protester Slammed With Fraud Penalty and $25,000 Sanction.
    • Third Circuit Denies Capital Gain Treatment of Oil and Gas Lease Bonus Payments.
    • IRS Chief Counsel: Government Entities Can Allocate Sec. 179D Deduction to Designers.
    • First-Time Homebuyer Tax Credit Denied Due to Timing of Seller-Financed Contract.
    • Bankrupt Payroll Processing Company Cannot Reclaim Funds Transferred to IRS.
    • Disabled Coast Guard Veteran Can't Exclude Retirement Payments from Income.
    • IRS Announces 2015 Filing Season to Begin on January 20, 2015.
    • Tax Court Weighs Effects of Landlord's Disability in Determining "Real Estate Professional" Status.
    • Absentee Owner and President of Corp Was "Responsible Person" For Payroll Taxes.
    • IRS: Reflective Roof Installed in Connection with Solar Panels Qualifies for Energy Credit.
    • IRS Issues 2015 Standard Mileage Rates for Business, Medical and Moving.
    • Tax Losses on Vacation Home Rental Limited Because of Excessive Personal Use Days.
    • IRS Grants Extension to Exclude Income from Discharge of Indebtedness.
    • IRS Abused Discretion in Conditioning Installment Agreement on Filing Tax Lien.
    • A Quick Look: Final IRS Regs Minimum Essential Coverage Requirement for Individual Mandate.
    • IRS Issues Guidance on Exclusion for Employer-Provided Transit Smartcards.
    • Tax Court Erred in Treating Sale of Interest in Litigation as Ordinary Income.
    • Construction Company Can Deduct Motocross Racing Expenses of Owner's Son.
    • Ninth Circuit Reverses Tax Court: Partners Cannot Selectively Opt Out of TEFRA Proceedings.
    • Software Licensing Arrangement Qualifies for Domestic Production Activities Deduction.
    • IRS Regs on Failure to File Gain Recognition Agreements Relaxes Standards for Penalty Relief.
    • IRS Clarifies Application of One-Per-Year Limit on IRA Rollovers - Provides Transition Rule.
    • Expert Trainer's Involvement in Thoroughbred Venture Helps Taxpayers Avoid Hobby Classification.
    • Proprietor of a Residential Glass Business Failed to Establish He Was a Real Estate Professional.
    • Net-Worth Method Used to Support Fraud Determination Against Surf Shop Owners.
    • IRS: S Corp's AAA Resets to Zero Following Post-Termination Transition Period.
    • Supreme Court to Review Obamacare Insurance Subsidy Case in Wake of Circuit Split.
    • Court Dismisses Suits Over Alleged IRS Mishandling of Requests for Tax-Exempt Status.
    • Year-End Business Tax Planning Focuses on Tangible Property Rules and Tax Extenders Pre TIPA.
    • Innocent Spouse Relief Granted Due to Lack of Knowledge or Control of Corporate Finances.
    • Healthcare Plans Lacking Hospital Coverage Do Not Meet Employer Mandate Requirements.
    • 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.
    • A Closer Look: IRS Releases Inflation-Adjusted Amounts for 2015
    • IRS Reminds Practitioners to Renew PTINs.