Tax issues that arise when a shareholder or partner dies
EXECUTIVE SUMMARY When an owner of a passthrough entity dies, significant tax implications can arise both on an entity and...
About Victoria Bogdanovich
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Victoria Bogdanovich has contributed 174 entries to our website, so far.
Letters from IRS to warn taxpayers about possible QOF actions needed
Apr 20, 2022
Taxpayers who may need to take additional actions related to qualified opportunity funds (QOFs) should begin receiving letters in the...
IRS eases application process for US residency certification
Apr 18, 2022
The IRS temporarily revised its procedures effective Monday for some submitters of Form 8802, Application for United States Residency Certification, to...
Recent developments involving limitations to state NOL usage
Apr 11, 2022
As businesses continue to recover from the pandemic, many have experienced dramatic economic difficulties that may ultimately manifest as operating...
IRS rules on cancellation of debt of a disregarded entity
Apr 8, 2022
On Dec. 11, 2020, the IRS released Letter Ruling 202050014, in which it ruled that a series of proposed transactions...
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