No. 56-8, August 2025
Index
- 2025 tax software survey: AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
- Are you doing all you can to keep the cash method for your clients? A passthrough entity business cannot use the cash method of accounting if it is classified as a syndicate. This article discusses this rule and ways a passthrough entity business that is currently not a syndicate can avoid being reclassified as one and losing the use of the cash method.
- Deferring gain in liquidation with an installment sale and noncompete agreement: Liquidating S corporations may defer corporate-level gain by distributing a qualifying installment obligation arising in a 12-month liquidation period; a planning strategy pairs this exception with a noncompete agreement.
- From practitioner to influencer: Managing the risks of online content for tax professionals: Practitioners must exercise awareness of how their tax-related social media and other online posts may implicate professional standards.
- IC-DISC commission payment provisions. (interest charge-domestic international sales corporation)
- Practical considerations for taxpayers and advisers following Loper Bright and Corner Post.
- Proposed regulations issued on retirement catch-up contributions.
- Results of recent academic research may aid practitioner planning.
- Scope of review in passport cases is de novo: The Tax Court's scope of review of a Sec. 7345 seriously delinquent tax debt certification is de novo. (Internal Revenue Code)
- Signing partnerships' returns and other tax documents.
- State compliance for multitiered partnerships: Planning, communication, and execution can avoid common mistakes.
- Tax Court addresses dueling motions to dismiss: Tax Court grants IRS's motion to dismiss a case for lack of jurisdiction but finds the deficiency notices in the case were valid. (O'Neill v. Commissioner)
- Tax strategies for highly appreciated undeveloped land.
- The role of REITs for foreign investors in US real estate. (real estate investment trust)