Recently added articles from The Tax Adviser:
Final regs. on treatment of controlled services transactions under Sec. 482.
Oct 01, 2009; ... On August 4, the IRS issued final regulations on the treatment of controlled services transactions under Sec. 482 and the allocation of income from intangible property (T.D. 9456). The regulations also modify existing Sec. 861 regulations on stewardship expenses. Sec. 482 allows ...
IRS proposes allowing contingent fees in more circumstances.
Oct 01, 2009; ... The IRS has issued proposed regulations that would amend Circular 230, Regulations Governing the Practice of Attorneys, Certified Public Accountants, Enrolled Agents, Enrolled Actuaries, Enrolled Retirement Plan Agents and Appraisers Before the Internal Revenue Service (31 C.F.R. part 10), ...
Proposed regs. would simplify reduced research credit election.
Oct 01, 2009; ... On July 15, the IRS released proposed regulations that simplify the procedures for taxpayers claiming the reduced research credit under Sec. 280C(c)(3) (REG-130200-08). Taxpayers who claim a credit under Sec. 41 for increasing research expenditures must reduce their research ...
Roth IRA conversions in 2010.(individual retirement accounts)
Oct 01, 2009; ... The Tax Increase Prevention and Reconciliation Act of 2005, P.L. 109-222 (TIPRA), enacted on May 17, 2006, contained a provision that allows more taxpayers to convert their traditional IRAs to Roth IRAs starting in 2010 (Secs. 408A(c) (3) and (d)(3)(A)(iii)). This could be a huge benefit ...
Tax court addresses leasehold improvements as a substitute for rent.
Oct 01, 2009; ... In a U.S. Tax Court case published on May 19, 2009, Hopkins Partners, Cleveland Airport Hotel Limited Partnership, Tax Matters Partner, T.C. Memo. 2009-107, the court held that: * A lease agreement under which a lessor accepted predetermined and explicitly stated eligible ...