The taxpayers’ deductions from microcaptive insurance transactions lacked economic substance under Sec. 7701(o), the Tax ...

Just as for other businesses, tax considerations come to the fore when CPA practices combine. This article delves into some ...

A member’s death will likely require apportioning LLC income and may entail treatment of the interest as a sale or ...

A partnership whose sole asset is all the stock of a corporation offers opportunities but with potential pitfalls.

The district court held that Dicks could not recover his 2014 and 2015 taxes under the Flora full–payment rule since he did ...

The IRS provides guidance on whether these entities qualify under a U.S. federal income tax treaty for relief from the branch profits tax.

Although the IRS has provided guidance on success-based fees, determining which parties are the acquirer and target can be difficult when multiple entities are involved in an M&A.

Arthur Auerbach, CPA, CGMA, received the 2025 Arthur J. Dixon Memorial Award, and Cory Perry, CPA, received the 2025 Jonathan ...

The invalidation by the Federal Circuit of the rule and its removal by the IRS affect the treatment of interest on certain improvements to designated property.

Taxpayers are shifting back toward human tax professionals, with trust in AI for filing slipping across every generation, survey shows.

This case study can provide practical instruction to students and entry-level accounting staff in key issues of state corporate income tax.

AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.