Using IRS Form 843 for Abatements
The IRS regularly tacks on penalties wherever they can. Did [...]
Debt Cancellation Tax Consequences
Financially distressed borrowers may have some or all of their [...]
Partnership Special Allocations
One of the advantages of operating a business as a [...]
Change In Ownership Exclusions
Change of ownership exclusions. Change of ownership does not include: [...]
C Corporation Characteristics
Characteristics of a C CorporationThe following is a brief explanation [...]
When to Use a Like Kind Exchange
When to Use a Like-kind ExchangeNontaxable like-kind exchanges should be [...]
How to beat the reduced federal tax deduction for state taxes
C corporations cause double taxation for business owners, so you [...]
Options to Purchase Real Property
Using an Option to Defer Tax ConsequencesIn a typical option [...]
When Not to Use a Like Kind Exchange
However, in other situations taxpayers may benefit more from a [...]
Administrative Remedies
ADMINISTRATIVE REMEDIES.Taxpayers must exhaust their administrative remedies when appealing the [...]