Tag: partnerships

Young businessmen and partnership holding a pen pointing the graph to analyze the marketing plan with calculater and laptop computer on wood desk in office.
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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2018 Year-End Tax Planning for Businesses

Businesses of all sizes, across all industries, have been impacted by the monumental changes to…

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Rule and Form Amendments Applicable to Emerging Growth Companies
First Highland

First Highland Management & Development Corp, a leader in the industrial real estate market, elected…

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Proposed Regulations Under Section 168(K): Impact to Partnerships and Partners

The proposed regulations affect taxpayers who deduct depreciation for qualified property acquired and placed in…

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Final Regulations Published for Centralized Partnership Audit Regime

Starting with tax years that begin after December 31, 2017 (i.e. 2018 tax years), partnership…

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Tax Reform FAQs
Tax Reform FAQs

The $1.5 trillion tax reform legislation known as the “Tax Cuts and Jobs Act” represents…

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IRS Provides Insight for Long-Term Capital Gain Treatment Under Section 1061
IRS Provides Insight for Long-Term Capital Gain Treatment Under Section 1061

On Thursday, March 1, 2018, the Internal Revenue Service (IRS) issued Notice 2018-18 (the “Notice”)…

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Rules Finalized for Partnerships Opting Out of Centralized Audit Regime
Rules Finalized for Partnerships Opting Out of Centralized Audit Regime

The IRS has issued final regulations for partnerships who wish to opt out of the…

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Tax Reform’s Top 10 List
Tax Reform’s Top 10 List

2017’s landmark, $1.5 trillion tax law — commonly referred to as The Tax Cuts and…

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