Using IRS Form 843 for Abatements
The IRS regularly tacks on penalties wherever they can. Did [...]
Debt Cancellation Tax Consequences
Financially distressed borrowers may have some or all of their [...]
Partnership Special Allocations
One of the advantages of operating a business as a [...]
Change In Ownership Exclusions
Change of ownership exclusions. Change of ownership does not include: [...]
Gift Taxes-Introduction
When does the Gift Tax Apply? A gift tax is [...]
Branch Profits and FIRPTA
Branch Profits Tax and FIRPTA Where we are to date: [...]
IRS Audit Survival Tips
Surviving an IRS Audit Objective. you must convince the IRS [...]
C Corporation Characteristics
Characteristics of a C CorporationThe following is a brief explanation [...]
When to Use a Like Kind Exchange
When to Use a Like-kind ExchangeNontaxable like-kind exchanges should be [...]
How to beat the reduced federal tax deduction for state taxes
C corporations cause double taxation for business owners, so you [...]