Tax Updates

U.S. and foreign taxpayers alike can choose to conduct cross-border business through a variety of business entities. A business entity...

Sec. 1(h)(1) generally provides that an individual taxpayer’s net capital gain for any tax year is subject to a prescribed...

The IRS will accept certain e-filed returns that claim dependents who have already been claimed on another taxpayer’s return, a...

An intercompany loan between related corporations may be recharacterized as an equity contribution by the companies’ shareholders, resulting in a...

The special per diem rates that a taxpayer may use in substantiating travel and business expenses under the per diem...