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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Catholic Charities Entitled to State Unemployment Tax Exemption, Says SCOTUS
In a unanimous decision, the U.S. Supreme Court held that Wisconsin violated a church-affiliated charity’s First Amendment rights by denying …
Amid Legislative Push for Crypto in Pensions, New Report Urges States to Enact Prohibitions
As a growing number of U.S. states consider or enact legislation allowing public pension funds to invest in cryptocurrency, a …
CPAs Concerned About SALT, Contingent Fee Provisions in Tax Reform Bill
As congressional Republicans move forward with a reconciliation bill that would extend and revise tax provisions, the American Institute of …