The ruling hinges on the corporation and trust being treated as a single entity and meeting other requirements under Regs.
Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.
Tax-related identity theft remains widespread and a potentially serious problem for victims, for whom authorized representatives can provide vital help.
A notice limits methods of meeting a key deadline for project eligibility for two clean energy credits, which recent ...
The North American Industry Classification System, already in use for other tax purposes, replaces a specified manual that ...
Another method to see if your Social Security benefits are taxable is to look at your combined income, which includes your ...
Payments including for electricity from electric vehicle stations applied toward the real estate investment trust’s ...
This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts ...
A corporation’s annual charitable contribution deduction cannot exceed 10% of the corporation’s taxable income Sec. 170 (b) (2) (A)), computed without regard to the following (Sec. 170 (b) (2) (D)): ...
The proposed regulations clarify points including the interaction of qualifying occupations for which tips are customarily received with ineligible specified service trades or businesses.
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