Corporate AMT: Unanswered questions about its foreign tax credit
This item provides a brief overview of the key components of the corporate alternative minimum tax (corporate AMT), including what...
New stock repurchase excise tax
May 9, 2023
The Inflation Reduction Act, P.L. 117-169, was signed into law on Aug. 16, 2022. The act included a new Sec....
Supreme Court holds FBAR penalty is imposed per report, not per account
May 9, 2023
The U.S. Supreme Court held Tuesday in a 5-4 decision that the $10,000 penalty for a nonwillful failure to file...
Beneficiary IRAs: A guide to the RMD maze
May 5, 2023
A newly acquired individual retirement account (IRA) is good financial news for the recipient, but clients may need help unraveling...
Dirty (Half) Dozen: Watch for these red flags when choosing a tax preparer
May 2, 2023
The IRS reached the halfway point of its annual “Dirty Dozen” list of tax scams when it advised that taxpayers...
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