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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Tangible Property (Repair Regs) Webcast Archives
Tangible Property (Repair Regs) Webcast Archives and supporting handouts for AICPA members
Treasury Will Not Have to Tell PTIN Holders That They Are Under Investigation
The Treasury Department issued a final rule on Monday that exempts it from having to reveal to PTIN holders the names of agencies or individuals that have asked for their files.
Wraparound Coverage Must Meet Five Requirements to Qualify as an Excepted Benefit
Final regulations permit employers to offer limited wraparound coverage for health care if they meet five requirements.
Advanced Tax Quarterly
Advanced Tax Quarterly webcast series dedicated page to elaborate on the series, individual events, and provide registration information.
Former Partner Liable for Trust Fund Penalty
A taxpayer who asserted he was no longer a partner in a business during the periods at issue was nevertheless held to be a responsible person and liable for the 100% penalty for failure to pay over withheld employment taxes.
Issue Spotlight: Identity Theft Adds to Practitioner Anxiety
Issue Spotlight article for March newsletter on Identity Theft.
Practice Management Feature: Managing Extensions
Practice Management feature for March Tax Section monthly newsletter on Managing Extensions. Compressed tax filing seasons are quickly becoming the “norm” rather than the “exception” as the most recent years indicate. As such, firms should consider establishing procedures that anticipate higher