Tag: business tax
2019 Year-End Tax Planning for Businesses
All businesses seek to reduce costs, and year-end tax planning presents the chance for significant…
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Partnership Recourse Liabilities and Disguised Sale Regulations
The IRS has released final regulations providing guidance for a partnership to allocate its liabilities…
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Simplifying the Taxation of Employees’ Personal Use of Company Vehicles
Personal use of a company vehicle generally results in taxable wages for the employee. But…
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Real Estate Companies: Driving Growth & Opportunity
In this whitepaper, we address three critical elements to real estate company success — taxes,…
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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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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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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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IRS Proposed Regulations for Opportunity Zones
Opportunity Zones is a tax reform provision that creates an attractive set of tax incentives…
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Proposed FDII Regulations Provide Taxpayers With Guidance
Effective for tax years beginning after December 31, 2017, corporate taxpayers that engage in certain…
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IRS to Keep Ruling on Section 355 Transactions After Pilot Program Ends
The pilot program has been significant for taxpayers seeking greater certainty on the tax consequences…
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