No. 56-10, October 2025

Index

• AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures. (American Institute of Certified Public Accountants)
• Changing an existing LLC's federal income tax classification. (limited liability company)
• Commonly overlooked business property tax compliance and valuation issues.
• Comparing and contrasting business tax strategies.
• Current developments in taxation of individuals. (part 2)
• Equitable tolling does not apply to excuse late filing of petition.
• Estate of McKelvey highlights potential tax pitfalls of variable prepaid forward contracts.
• Final partnership adjustment not issued timely.
• Income tax purchase accounting considerations for a stock acquisition.
• IRS renews corporate tax opportunities with letter rulings.
• Premium or paycheck? Tax treatment of secondary sales above FMV. (fair market value)
• R&D tax credits: A new era of disclosure and documentation.
• Recent developments in estate planning.
• Sec. 382 and exceptions to the segregation rules. (Internal Revenue Code)
• SSTS 1.4: A practical discussion of software reliance. (American Institute of Certified Public Accountants Statements on Standards for Tax Services)