News

The Tax Adviser6d
Using transfer pricing to blunt the effects of tariffs
Understanding the interrelationship of transfer pricing and tariffs is key to mitigating the effect of those levies on ...
The Tax Adviser5d
Management Accounting
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.
The Tax Adviser6mon
State & Local Tax (SALT)
A letter from the AICPA and CPA societies in 53 states and jurisdictions criticizes the provision in the House version of the budget bill that would eliminate the state and local tax deduction for ...
The Tax Adviser14d
S Corporation Income Taxation
A notice issued by the IRS with interim guidance for the application of the corporate alternative minimum tax offers an optional simplified method for determining applicable corporation status under ...
The Tax Adviser14d
Disregarded-payment-loss rules: How multinationals should prepare
New final regulations pose significant implications for possible income inclusions by U.S. corporations with foreign ...
The Tax Adviser20d
Elections under the new Sec. 987 final regs.
Under Regs. Sec. 1.987-15, the 2024 final regulations generally apply to tax years beginning after Dec. 31, 2024, as ...
The Tax Adviser27d
Placing in service the benefits of the Inflation Reduction Act
Determining when energy property is eligible for a tax credit or deduction hinges on when it is first placed in service, which can be controversial.
The Tax Adviser17d
Tax planning for inpatriates
Another item for U.S. inpatriates to consider is potentially having to pay taxes on foreign currency gain when they pay off their non – U .S. mortgage. If an individual pays off a non – U .S. mortgage ...
The Tax Adviser24y
State Tax Considerations of Passthrough Entities
Editor: Harlan J. Kwiatek, CPA, J.D., LL.M. Time and again we hear how small businesses drive the U.S. economy. According to a 2009 report by the Small Business Administration Office of Advocacy,1 ...
The Tax Adviser24y
Filing an administrative adjustment request under the BBA
Editor: Mary Van Leuven, J.D., LL.M. The Bipartisan Budget Act of 2015 (BBA), P.L. 114-74, introduced a new centralized partnership audit regime for IRS audits of entities required to file Form 1065, ...
The Tax Adviser24y
Current Developments in S Corporations (Part I)
This two-part article discusses recent legislation, cases, rulings, regulations, and other developments in the S corporation area. Part I covers operational issues, including new guidance on the ...
The Tax Adviser24y
IRS steps up enforcement of the individual expatriation tax
Editor: Mary Van Leuven, J.D., LL.M. Each year, several thousand individuals renounce their U.S. citizenship or give up their green cards, which can trigger a substantial exit tax liability.