Vol. 52 Nbr. 11, November 2021
Index
- AICPA recommends QBI improvements.
- AICPA requests LIFO safe harbor.
- Assuming the role of the reviewer with a professor-prepared tax return.
- Automatic accounting method change procedures updated.
- Beware of IRS initiatives against microcaptive insurance arrangements.
- Certification deadline extended for work opportunity tax credit.
- Client, attorney, and preparer emails were protected from disclosure.
- Corporation not covered by economic hardship exception.
- Helping a client benefit from an intentionally defective grantor trust: These trusts can be advantageous to wealthier clients, but their future use in estate planning is threatened by current legislative proposals.
- Investors are (legally) shielding crypto gains in opportunity zones: With tax rates expected to rise, opportunity zone investors are exploring ways to invest their cryptoasset gains in opportunity zone funds.
- IRS memo illustrates application of Sec. 263 to amounts paid to acquire or create intangibles.
- IRS provides new guidance on accounting method changes for CFCs.
- Making the Sec. 83(i) election.
- Male couple cannot deduct medical expenses related to having a baby.
- Net investment income tax: C corporation shareholders who are also employees.
- New safe harbor for ERC gross-receipts calculation.
- Proving employee business expense deductions.
- Qualified small business stock exclusion: Who's eligible?
- Recent developments in estate planning.
- Sec. 481(a) adjustment affects business interest deduction calculation.
- Taking back control with quality management.
- Tax Court rules on property basis reduction timing.
- Tax treaties do not provide a foreign tax credit against net investment income tax.
- The grantor trust rules: An exploited mismatch.
- Theft loss deduction requirements.
- Using donor-advised funds in 2021 (and beyond): Donor-advised funds have increased in popularity because of recent legislative changes that affect charitable giving.