Proposed regulations would clarify the circumstances under which investment income earned by a foreign insurance company is derived in the active conduct of an insurance business for purposes of determining whether the income is passive income.
Washington Update – Tax Advocacy
Featured Story for April Tax Section Newsletter. Washington Update – Tax Advcocacy article on what’s happening in Washington and the Tax Advocacy team efforts.
April Tax Power Hour Debrief
Highlights of the April 2015 Tax Power Hour: Annual Tax Season Debrief webcast
Alert: Exclude Personal Information from Exempt Organization Applications and Returns
April Tax Section News Article on Personally-Identifiable Information on Exempt Organization Applications and Returns
Practice Management Feature: Mid-Year Planning
Practice Management Feature: Mid-Year Planning article for April Tax Section Newsletter
Millions of Taxpayer Phone Calls Went Unanswered by IRS This Tax Season
The number of taxpayer phone calls answered by the IRS dropped significantly during this tax season and call wait times were up.
GAAs Are a Valuable Planning Option for Tangible Property Depreciation
General asset accounts provide a valuable simplification tool for tracking tangible assets and present some tax planning opportunities.
Final Regulations Amend Broker Basis Reporting Requirements
The IRS issued final and temporary regulations that provide rules for brokers to report bond premium and acquisition premium as well as govern information reporting of transactions involving debt instruments and options.
Tangible Property Regulations History
This page provides a historic background of the rules governing the tax treatment of expenditures related to tangible property. The IRS issued the final regulations on September of 2013 that impact virtually all taxpayers for tax years beginning on or after January 1, 2014.
Advanced Tax Quarterly Event Archives
Return to Advanced Tax Quarterly page
Links to event archives and handouts will remain available for one year
S Corporation Key Compliance Issues with Basis, Distributions, and Stock
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