The taxation of Division I college sports may change once universities begin paying athletes directly, which will be ...

If tax-exempt entities invest in energy projects through partnerships, careful consideration should be given to allocations ...

Hospital facilities must meet the requirements of Sec. 501(r) provisions of the Patient Protection and Affordable Care Act, P ...

Although the deadline for filing a challenge to an IRS employment status determination is nonjurisdictional, an employer’s facts did not warrant equitable tolling, the Tax Court held.

AICPA members providing tax representation or return preparation services need to comply with both the AICPA Statements on Standards for Tax Services and Treasury Circular 230.

Taxpayers may be able to claim the PWA multiplier for certain credits if a project’s “beginning of construction date” is before Jan. 30, 2023.

This annual update covers recent developments relating to S corporations, including IRS relief for common inadvertent S ...

A state marital homestead law was insufficient to establish a property interest by a taxpayer whose husband was the home’s sole owner.

Allocations under Regs. Sec. 1.1245-1(e)(2)(i) may result in profits-interest partners being allocated ordinary income even ...

Intangible property transactions are a minority of those covered by advance pricing agreements, despite their generally high ...

While the IRS has discretion to provide relief, Sec. 7508A(d) provides a mandatory tax deadline postponement. In either case, ...

Throughout nearly a century of case law and guidance, the benefits and burdens of ownership have remained the touchstone for ...