Final regulations provide comprehensive guidance for tax reporting of transactions involving these increasingly common assets, and the IRS has granted transition relief in key areas.
A It’s more prevalent and often emerges earlier than many realize. According to the U.S. Census Bureau, the average age of ...
New legislation has expanded the already advantageous provisions for gain exclusion from a sale of qualified small business ...
In an effort to increase the transparency and usefulness of the income tax footnote disclosures, FASB promulgated Accounting ...
The IRS may grant a reasonable extension if the taxpayer provides satisfactory evidence of acting reasonably and in good ...
In the cases, the Tax Court determined the value of a conservation easement donated to charity using the comparable sales ...
(a), taxpayers may deduct expenses paid during the tax year for medical care, provided these expenses are not compensated by ...
Taxpayers who make frivolous arguments in Tax Court risk the imposition of penalties by the court of up to $25,000.
A well-drafted engagement letter provides essential protection and important benefits to CPAs in tax practice and in other ...
The plan’s promised enhancements include improving claims submittal and processing and communication with whistleblowers.
Final regulations provide comprehensive guidance for tax reporting of transactions involving these increasingly common assets ...
Stephanie Murrin underpaid her taxes from 1993 to 1999 because her tax preparer, Duane Howell, placed false or fraudulent entries on her tax returns with an intent to evade tax. Murrin did not intend ...