Court documents filed Monday showed that the government was ordered to rehire 24,000 workers across the 18 agencies, media ...

Foreign investors should carefully analyze tax implications and strategies before investing in the growing U.S. market for ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

CEOs need to understand the arm’s-length rules for transactions between commonly controlled entities because of the enormous ...

A recent Chief Counsel Advice memo determined that the deductions were disallowed as fines or penalties under Sec. 162(f).

The partnership-level adjustment may be required for a substantial built-in loss, except for electing investment partnerships ...

Editor: Greg A. Fairbanks, J.D., LL.M. Historically, domestic partnerships and S corporations that owned 10% or more of a controlled foreign corporation (CFC) could rely on the so-called CFC/PFIC ...

The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

Form 7217, Partner’s Report of Property Distributed by a Partnership, debuted for 2024, intended to apprise the IRS of factors in a partner’s basis computation.

Acting IRS commissioner says the agency will use “existing appropriations” to remain open if Congress does not agree to a continuing resolution by the end of Friday.

The Tax Adviser is a monthly publication of the American Institute of CPAs, providing tax practitioners with timely, in-depth, practical, and comprehensive information on federal and state tax ...