Will the New Partnership Related Party Basis-Shifting Rules Survive?
Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …
Nikki Sohal, CPA, Checkpoint News
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SCOTUS Stays Federal Worker Rehire Order
The Supreme Court stayed a lower district court’s preliminary injunction that required government agencies to reinstate terminated probationary employees and barred the …
Dems Renew Call for Action on Premium Tax Credit
After the Congressional Budget Office (CBO) found that 3.8 million Americans will go uninsured if an expiring tax credit is …
Can Our DCAP Reimburse Application Fees, Deposits, and Similar Expenses?
QUESTION: A DCAP participant has asked to be reimbursed for an application fee paid to a day-care center. Can our …