Category Archives: Uncategorized

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Like-kind exchange rules define real property, incidental personal property

The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that will not disqualify an exchange.
Source: Tax News
Read More here – Like-kind exchange rules define real property, incidental personal property


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Like-kind exchange rules define real property, incidental personal property

The IRS issued final regulations that define real property for like-kind exchange purposes and what qualifies as incidental personal property that will not disqualify an exchange.
Source: JOA News
Read More here – Like-kind exchange rules define real property, incidental personal property


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Final rules coordinate Sec. 245A and Sec. 951A

The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
Source: Tax News
Read More here – Final rules coordinate Sec. 245A and Sec. 951A


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Final rules coordinate Sec. 245A and Sec. 951A

The IRS issued final rules on the Sec. 245A extraordinary disposition rule and the Sec. 951A disqualified basis and disqualified payment rules, as well as reporting requirements to facilitate the rules.
Source: JOA News
Read More here – Final rules coordinate Sec. 245A and Sec. 951A


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AICPA mobilizes members to push for deductibility of PPP-funded expenses

The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the PPP can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: Tax News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses


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AICPA mobilizes members to push for deductibility of PPP-funded expenses

The AICPA is asking its members to write to their senators and representatives in Congress in support of legislation that would mandate that anyone who receives a loan through the Paycheck Protection Program can deduct business expenses even when payment of those expenses results in loan forgiveness under the CARES Act.
Source: JOA News
Read More here – AICPA mobilizes members to push for deductibility of PPP-funded expenses


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Centralized partnership audit regime changes proposed

The IRS issued rules on two special enforcement matters for purposes of the unified partnership audit rules.
Source: Tax News
Read More here – Centralized partnership audit regime changes proposed


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Centralized partnership audit regime changes proposed

The IRS issued rules on two special enforcement matters for purposes of the unified partnership audit rules.
Source: JOA News
Read More here – Centralized partnership audit regime changes proposed


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Final regs. govern computation of UBTI for separate businesses

The IRS has posted final regulations governing how tax-exempt organizations determine if they have more than one unrelated trade or business for purposes of unrelated business income tax.
Source: Tax News
Read More here – Final regs. govern computation of UBTI for separate businesses


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Final regs. govern computation of UBTI for separate businesses

The IRS has posted final regulations governing how tax-exempt organizations determine if they have more than one unrelated trade or business for purposes of unrelated business income tax.
Source: JOA News
Read More here – Final regs. govern computation of UBTI for separate businesses