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The Tax Adviser14d
Management Accounting
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.
The Tax Adviser14d
Corporate Finance & Treasury Management
The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.
The Tax Adviser26d
Adequate disclosure on gift tax returns: A requirement for more than gifts - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. Professionals are currently advising clients amid the so – called “great wealth transfer”; new IRS campaigns focused on high – income / high – wealth taxpayers; and the ...
The Tax Adviser26d
Why non-US directors can rarely exempt US-source compensation from US income tax - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. Non – U.S. directors who attend board meetings in the United States may discover that their temporary presence can create unexpected U.S. tax implications — both for ...
The Tax Adviser29d
Elections under the new Sec. 987 final regs. - The Tax Adviser
For taxpayers that have a qualified business unit (QBU) with a functional currency other than the dollar, Sec. 987 provides rules on how to adjust for changes in exchange rates. On Dec. 10, 2024, ...
The Tax Adviser26d
Sec. 541: A trap for the unwary investment partnership
Editor: Jeffrey N. Bilsky, CPA. Sec. 541 imposes a 20% tax on the undistributed personal holding company income of a personal holding company. Initially enacted in 1934, the tax was intended to ...
The Tax Adviser23d
Disregarded-payment-loss rules: How multinationals should prepare - The Tax Adviser
Treasury and the IRS on Jan. 10, 2025, released final regulations regarding dual-consolidated-loss (DCL) and disregarded-payment-loss (DPL) rules (T.D. 10026). These finalize proposed regulations ...
The Tax Adviser26d
Tax accounting method changes: Procedures and potential issues during an IRS exam - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. Since the passage of the Inflation Reduction Act of 2022, P.L. 117 – 169, the IRS expanded its enforcement activity, including increased exams of complex business ...
The Tax Adviser26d
ING trusts: How they work and their continued viability - The Tax Adviser
In the context of trusts, CPAs may have heard someone mention WINGs, DINGs, or NINGs. This article aims to explain the advantages, requirements, and potential drawbacks of these trusts for estate ...
The Tax Adviser28d
The role of asset location strategy in reducing tax burdens
Asset location strategy plays a crucial role in minimizing clients’ tax burdens. When financial advisors and accountants collaborate, they can provide a more complete picture for clients, ensuring ...
The Tax Adviser26d
Sec. 987 final regulations: A practical approach for partnerships - The Tax Adviser
Editor: Jeffrey N. Bilsky, CPA. On Dec. 10, 2024, Treasury and the IRS issued final and proposed regulations under Sec. 987 (T.D. 10016 and REG – 117213 – 24).The Sec. 987 regulations provide guidance ...
The Tax Adviser26d
Integrating personal financial planning into individual income tax courses - The Tax Adviser
Contributors. Brianne C. Smith, CPA/ABV/PFS, Ph.D., is an assistant professor of accounting in the School of Accountancy at Auburn University at Montgomery, Ala., and managing member of Brianne CPA, ...