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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Tax Season Begins Jan 27; ‘Enhanced’ Direct File Goes Live Same Day
The IRS announced that the 2025 tax filing season is scheduled to begin Monday, January 27, and that its Direct …
Republican Senators Seek to Change Senate Bill Clean Energy Tax, Improve Tax Credits
By Valerie Volcovici Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate’s tax and spending megabill that …
Florida Businessman, Companies to Pay $20 Million for Fraudulent Loans
The US Department of Justice announced on March 12 that Patrick Walsh, a Florida businessman currently incarcerated, along with ten companies he …