IRS Adjusts Tax Items for Inflation in 2024
The Internal Revenue Service provided the annual inflation adjustments for tax year 2024, including increases in the standard deduction and...
IRS Announces Annual Inflation Adjustments for Tax Year 2024
Dec 18, 2023
The IRS announced Thursday annual inflation adjustments for over 60 tax provisions in tax year 2024, including increases in the...
Redetermining foreign taxes in a post-TCJA world
Dec 14, 2023
The U.S. federal income tax system generally subjects U.S. taxpayers to taxation of earnings from all sources, foreign and domestic....
Passthrough-entity treatment of foreign subsidiary income
Dec 11, 2023
Businesses organized in passthrough form are often uniquely challenged by international tax provisions, many of which were written with primary...
Disguised sale of a QOZ partnership interest
Dec 7, 2023
The tax benefits of qualified opportunity zone (QOZ) investments have attracted a wide array of participants into the program. Several...
Recent Posts
- Business Standard Mileage Rate Increases for 2025 January 9, 2025
- BOI Reporting Deadline Extension in Doubt January 6, 2025
- Foreign Partnership Reporting Requirements December 30, 2024
- Capital Gains Treatment for Dividends from Foreign Corporations December 23, 2024
- IRS will accept duplicate dependent returns submitted with an IP PIN December 19, 2024