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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Multistate Monitor — State R&E conformity creates confusion, complexity for business
The federal rules for deducting research and development costs are settling after changes under the One Big Beautiful Bill Act. …
Treasury Optimistic About Tax Season Despite Concerns Over Delays
The National Taxpayer Advocate’s latest annual report to Congress warns that significant workforce reductions and complex new tax laws present …
Are Further Tax Changes Possible in Reconciliation 2.0?
The likelihood of further Republican-backed tax law changes is in flux as GOP leaders pursue a second reconciliation bill — …