Tag Archives: regulations

An Explanation of Country-by-Country (CbC) Reporting

Under the new CbC reporting requirements, MNEs must assess their readiness by collecting and processing specific data.

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Update on the Fate of Private Company Valuation Discounts

We have waited in limbo for the past year to learn the fate of these proposed changes to the tax code. Just over a week ago, the estate and gift tax planning world finally received some closure.

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IRS Issues New Rules Regarding Partnership Audits

On June 13, 2017, the IRS issued proposed regulations with new procedures for partnership audits.

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Final Section 385 Regulations Sharply Limit Scope

The final regulations, which go into effect for taxable years ending on after Jan. 19, 2017, eliminate the inclusion for many types of entities and provide definitions for many terms used throughout the regulations. Here is a synopsis of the exceptions and definitions:

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How Individuals Can Take Tax Deductions for Rental Property

If you are the owner of rental property, are you taking full advantage of tax deductions that may be available to you under the tangible property regulations?

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Understanding the New Code Section 385 Proposed Regulations

New Section 385 proposed regulations could be among the most significant changes to income tax law ever undertaken via administrative authority. Learn more.

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Get Ready for New Overtime Regulations

Final DOL regulations on which employees will be entitled to overtime pay will impact businesses in 2016 and beyond. Learn how they may affect your company.

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Tangible Property Regulations: Expense it or Capitalize it?

Complying with the new regulations will likely require many taxpayers to change their current methods of accounting.

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Does Your Business Qualify for the Tangible Property Tax Deduction?

By now you’ve likely heard about the Tangible Property Final Regulations issued by the IRS in 2013.  Although these regulations have been plastered all over the web for the past few months, this topic is still hot because this is the first tax filing season where these new regulations matter. Now that we’re in the […]

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