Guaranteed payments vs. distributive share of income
Historically, the income tax treatment of a distributive share of partnership ordinary income did not differ significantly from that of...
About Victoria Bogdanovich
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Victoria Bogdanovich has contributed 131 entries to our website, so far.
Cryptoasset clarity needed for private fund managers
Sep 27, 2022
Current IRS guidance lacks direction for investing through a private fund The IRS’s guidance on cryptoasset income tax reporting standards...
Implications of legislative changes for R&E and software development costs
Sep 23, 2022
The 2017 law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, amended Sec. 174 to require capitalization and...
Tax Court: IRS counsel may reject administrative innocent-spouse approval
Sep 20, 2022
Although the IRS’s primary administrative unit for evaluating innocent-spouse requests concluded that a taxpayer was entitled to relief under Sec. 6015(c), the...
Passport revocation as a collection tool
Sep 16, 2022
The IRS has announced its intention to increase enforcement. Given the annual tax gap and anticipated federal budget increases, this...
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