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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Preparing for New 1099 Digital Asset Reporting Rules
The IRS’ new digital asset form will make its debut this upcoming tax season for 2025 transactions. Nik Fahrer, director …
Dems Grill Trump’s Pick to Head Social Security Administration
Nominee Frank Bisignano faced questions from lawmakers about his plans to step up beneficiary services and data privacy — and …
IRS Proposes Rules to Update Standard for Determining Line of Business for No-Additional-Cost Services, Qualified Employee Discount Exclusions
Notice of Proposed Rulemaking: Determination of Line of Business for Purposes of No-Additional-Cost Service and Qualified Employee Discount Fringe Benefits, …