Sec. 965 transition tax: Installment payments causing processing errors
The IRS has seemed to struggle from the outset of the Sec. 965 transition tax to develop workable administrative procedures...
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Victoria has contributed 89 entries to our website, so far.
Tax fraud and bankruptcy dischargeability
Sep 1, 2023
The federal laws governing bankruptcy and taxation often intersect, although their makeup, effectiveness, and interpretation are significantly impacted by distinct...
The new 529 rollover to Roth IRA
Aug 30, 2023
Under SECURE 2.0, it will soon be possible to perform a rollover from a 529 educational savings plan to a...
Qualified appraisal required for charitable contributions of cryptoassets
Aug 17, 2023
The IRS Office of Chief Counsel in January 2023 released Chief Counsel Advice (CCA) 202302012, advising IRS staff that taxpayers...
Penalty for underpayment of estimated corporate AMT waived for 2023
Aug 15, 2023
The IRS on Wednesday issued Notice 2023-42, which grants penalty relief for corporations that did not pay estimated tax in connection...
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