Alert for IRAs holding master limited partnerships By Janet C. Hagy, CPA Taxpayers who have invested their IRAs in master limited partnerships should be aware they may be getting the incorrect tax information on Schedules K-1. IRS proposes rules to update income tax withholding, revises Form W-4 The IRS proposed new regulations for withholding on … Continue reading AICPA Tax Insider.2020.02.20: Alert for IRAs Holding Master Limited Partnerships and More!
Seth J. Entin, of Holland & Knight, has published an article, Tax Reform Presents Opportunities for Foreign Investors in U.S. Businesses Holland & Knight Alert (Feb. 20, 2020). The abstract is as follows: The U.S. Tax Cuts and Jobs Act (the TCJA), which was enacted at the end of 2017, dramatically changed the U.S. cross-border … Continue reading Entin: Tax Reform Presents Opportunities for Foreign Investors in U.S. Businesses Holland & Knight Alert (Feb. 20, 2020)
Nicole Pursley is a Senior Analyst with Wilmington Trust and is responsible for developing customized wealth management strategies for high net worth clients. Nicole holds a Juris Doctor from Widener University Delaware Law School and a Master of Laws (LL.M.) in Taxation and an Estate Planning Certificate from Temple University Beasley School of Law. She … Continue reading Nicole Pursley
Bloomberg is making available for download without charge its special report, Pass-Through Entities Face Myriad State-Level Taxes, Compliance Obligations. The summary is as follows: While pass-through entities (PTEs) are the most common form of business entities in the U.S., identifying whether a PTE is subject to tax at the state level can be surprisingly complicated. … Continue reading Bloomberg Special Report: State Taxation of Passthrough Entities
Professor Edward A. Morse, Creighton U., has made available for download his paper, Important Developments in Federal Income Taxation. The Abstract is as follows: This outline covers significant developments in federal income taxation along with a few other interesting or noteworthy tax topics arising during the preceding calendar year. It offers a selective treatment focusing … Continue reading Morse: Important (2019) Developments in Federal Income Taxation
Professor Susan C. Morse, U. Texas School of Law, has made available for download her forthcoming article, When Do Tax Compliance Robots Follow the Law, to be published in the Ohio State Technology L. J. The Abstract is as follows: Algorithmic tax compliance robots, such as TurboTax, have long implemented the tax law using systems … Continue reading Morse: When Do Tax Compliance Robots Follow the Law
The Urban-Brookings Tax Policy Center and the American Tax Policy Institute held a joint conference on February 18, 2020 on Taxes and the Future of Philanthropy. The summary of the conference is as follows: The philanthropic sector currently faces a difficult challenge: Recent changes to the tax law leave only about 10 percent of households, … Continue reading Tax Policy Center Conference: Taxes and the Future of Philanthropy (Feb. 18, 2020)