Category: Tax

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Bonus Depreciation Regulations Released

On September 13, 2019, the Treasury Department and Internal Revenue Service issued final and proposed…

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Partnership Disclosure Requirements for 2019 Filings

On September 30, 2019, the Internal Revenue Service (IRS) posted copies on its website of…

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Proposed Income Regulations Provide Clarity for Accrual Method Taxpayers

On September 5, 2019, the IRS and Treasury released proposed regulations addressing the timing of…

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New Partnership Reporting Requirement: Negative Tax Basis Capital Account Information

The IRS now requires partnerships to report each partner’s tax basis capital on their respective…

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Treasury Notice: Proposed GILTI Regulations for Domestic Partnerships And S Corporations

On August 22, 2019, the Department of the Treasury and the Internal Revenue Service (collectively,…

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Proposed Regulations on Tax Treatment of Revenues from Cloud and Digital Content Transactions

The Internal Revenue Service (IRS) and the Department of Treasury (Treasury) recently released proposed regulations…

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Family Office Structuring in Light of Lender Ruling

Recent court rulings and tax reform legislation has an impact on family office expense deduction.…

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Final Regulations Remove Two-Year Deferral of Advance Payments for Inventoriable Goods

On July 11, 2019, the IRS and Treasury released final regulations removing Section 1.451-5 of…

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Charitable Contribution Deductions Limited with State Tax Credits

On June 13, 2019, the IRS and Treasury Department issued final regulations under Section 170, limiting federal…

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Regulations for GILTI and Other International Provisions

On June 14, 2019, the Department of the Treasury and the Internal Revenue Service (collectively,…

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