Make sense of the new rules for digital asset reporting, including transition relief for 2025 and safe harbors going forward.

The IRS provides guidance on whether these entities qualify under a U.S. federal income tax treaty for relief from the branch ...

Just as for other businesses, tax considerations come to the fore when CPA practices combine. This article delves into some ...

The taxpayers’ deductions from microcaptive insurance transactions lacked economic substance under Sec. 7701(o), the Tax ...

A member’s death will likely require apportioning LLC income and may entail treatment of the interest as a sale or ...

The district court held that Dicks could not recover his 2014 and 2015 taxes under the Flora full–payment rule since he did ...

Although the IRS has provided guidance on success-based fees, determining which parties are the acquirer and target can be difficult when multiple entities are involved in an M&A.

Arthur Auerbach, CPA, CGMA, received the 2025 Arthur J. Dixon Memorial Award, and Cory Perry, CPA, received the 2025 Jonathan ...

The tax is held to violate the Uniformity Clause of the state’s constitution by treating residents and nonresidents unequally.

The invalidation by the Federal Circuit of the rule and its removal by the IRS affect the treatment of interest on certain improvements to designated property.

This case study can provide practical instruction to students and entry-level accounting staff in key issues of state corporate income tax.

Treating multiple debt instruments as a single issuance under Sec. 1275 and its regulations can have tax advantages but is often overlooked.