The Tax Adviser
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Read the tax news from The Tax Adviser, the AICPA's monthly journal of tax planning, trends, and techniques. Stay tuned to get the latest updates.
The Tax Adviser
1w ago
The IRS on Monday issued final regulations providing guidance on the new rule that disallows charitable contribution deductions for certain conservation easement contributions by partnerships and other passthrough entities ..read more
The Tax Adviser
1w ago
The IRS is making a time-limited settlement offer to certain taxpayers who participated in syndicated conservation easements. The terms will require “substantial concession” of income tax benefits and the imposition of some penalties ..read more
The Tax Adviser
1w ago
In her midyear report to Congress, National Taxpayer Advocate Erin Collins writes that, as of April, the IRS was taking over 22 months to resolve cases in its identity theft victim assistance unit, which had about 500,000 unresolved cases ..read more
The Tax Adviser
1w ago
The final regulations require custodial brokers to report transactions on Form 1099-DA, which the IRS will release soon. A different set of final regulations with rules for decentralized, or noncustodial, brokers will be issued later ..read more
The Tax Adviser
1w ago
The Court held that the APA requires courts to exercise their independent judgment in deciding whether an agency has acted within its statutory authority and not to defer to an agency’s interpretation of the law simply because a statute is ambiguous ..read more
The Tax Adviser
1w ago
The final regulations provide guidance regarding the reporting and payment of the excise tax on repurchases of corporate stock made after Dec. 31, 2022 ..read more
The Tax Adviser
1w ago
The proposed regulations apply to overpayments of interest on erroneous refunds of COVID-19 credits paid on or after July 2 ..read more
The Tax Adviser
1w ago
The IRS is collecting on tax liabilities that were not “even in dispute,” Commissioner Danny Werfel said, but the IRS did not previously have the resources to pursue payment ..read more
The Tax Adviser
1w ago
The final regulations reflect changes to the required minimum distribution rules made by the SECURE Act and SECURE 2.0 and generally follow proposed regulations issued in 2022 ..read more
The Tax Adviser
1M ago
In a unanimous decision, the Supreme Court holds that life insurance proceeds a corporation receives to fund a share redemption agreement increases the corporation’s estate tax value ..read more