By Hughlene A. Burton, CPA, Ph.D.
This annual update reviews and analyzes recent law changes as well as rulings and decisions involving partnerships, including developments affecting partnership audits and guidance issued under the law known as the Tax Cuts and Jobs Act.
The IRS announced that Form 1023, Application for Recognition of Exemption Under Section 501(c)(3), must now be submitted electronically.
By Caleb Cordonnier, CPA, Olivia McCarthy, CPA, and Jason Seo, J.D., LL.M.
The new regulations include significant, taxpayer-favorable changes from earlier guidance, addressing self-constructed property, property acquisition dates, predecessor ownership, and some partnership rules.
By Sarah Shannonhouse, CPA, and Arthur Auerbach, CPA, CGMA
New gig work has brought the worker classification issue, always contentious, to the forefront. Here’s what to look for.
By Cory Perry, CPA, and Eileen Leyhane, CPA
Changes in foreign taxation under the law known as the Tax Cuts and Jobs Act has introduced new issues to reorganizations, including whether to make a Sec. 338(g) election.
By James A. Beavers, CPA, CGMA, J.D., LL.M.
The Tax Court held that an understatement of gain from a sham sale was not an omission of income that would extend the limitation period from 3 to 6 years.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.