One of the more targeted OBBBA provisions affecting higher education is an increase in the excise tax on the net investment income of applicable educational institutions, which include certain private ...
Taxpayers, such as those in Zuch and Murrin, can face unique circumstances where the law overrides their intentions.
A presidential working group’s report advocates the United States implement the OECD’s Crypto-Asset Reporting Framework, an ...
Tax-related identity theft remains widespread and a potentially serious problem for victims, for whom authorized ...
A notice limits methods of meeting a key deadline for project eligibility for two clean energy credits, which recent ...
The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that ...
The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.
This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts and beneficiaries while cautioning against its pitfalls.
The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily ...
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights ...
A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...
Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.
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