Category: Tax
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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