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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Louisiana Issues Guidance on Use Tax on Vehicles Registered by New Residents
The Louisiana Department of Revenue has issued guidance on the calculation of use tax on vehicles registered by new residents. …
Credits for Private School Contributions a ‘Classic’ Tax Shelter, Researcher Says
A proposal to provide tax credits equal to 100% of charitable contributions to certain nonprofit organizations that distribute donations in …
Expert Unpacks What’s Next After Sirius Solutions Decision
With the 5th U.S. Court of Appeals ruling that a federal self-employment tax exception hinges on a partner’s limited liability …