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: [...]
Inbound Transactions – Non-Business Income
Inbound Transactions – Non-Business Income Now that we’ve distinguished between [...]
Qualified Business Income Deduction-Detailed Discussion
Individuals who are sole proprietors, partners in partnerships, members in [...]
In Bound Transactions-Business Income
Inbound Transactions – Business Income “Business Income” is income that [...]
QBI Rental Real Estate Safe Harbor
Section 199A - Rental Real Estate Safe HarborThe availability of [...]
Other In Bound Rules
I will elaborate on the following four areas: Capital Gains [...]
Partnership audit procedures may affect your Partnership or LLC
How the partnership audit procedures may affect your partnershipThere are [...]