A passthrough entity business cannot use the cash method of accounting if it is classified as a syndicate. This article ...

AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights ...

A leading voice in transfer pricing, Song has written for Bloomberg Tax and Treasury & Risk, among others, and she has been ...

Strategic planning and proactive compliance are key to fulfilling these often complex filing requirements across multiple ...

The IRS may apply the step-transaction doctrine, a rule of substance over form, in a variety of taxpayer circumstances to deny tax benefits derived from a series of transactions that should more ...

On occasion, taxpayers holding investments in foreign financial assets or with foreign financial institutions may find themselves in the uncomfortable position of realizing that they have failed to ...

Practitioners must exercise awareness of how their tax-related social media and other online posts may implicate professional ...

Each year, tax professionals who deal with real estate must evaluate the most recent building expenditures and determine which items should be deducted as a repair expense or capitalized. Of all the ...

Prior to the COVID-19 pandemic, the merger-and-acquisition (M&A) market had a string of years of strong activity. Seemingly overnight, COVID-19 changed the M&A landscape, as many transactions were put ...

Planning with revocable trusts has become increasingly popular in recent years. In many instances, the motives for using a revocable trust are nontax and include avoiding probate, asset protection ...

An often-cited belief is that 50% of marriages now end in divorce. Regardless of whether this statistic is accurate (for first marriages, the divorce rate more likely peaked at around 40% in the ...

Editor: Rochelle Hodes, J.D., LL.M. The ability to defer taxes on exchanges of like-kind property dates back to the Revenue Act of 1921, P.L. 67-98. Sec. 1031, the current statutory authority relating ...