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Attribute reduction rules for stand-alone C corporations

Attribute reduction rules for stand-alone C corporations

Learn more about the U.S. attribute reduction rules for stand-alone C corporations and how they apply to federal consolidated return groups.
Digital strategies for business services

Digital strategies for business services

Business services should leverage technology to achieve their profitability goals. Leveraging technology to empower your people.
3 questions to ask before co-sourcing your tax function

3 questions to ask before co-sourcing your tax function

The decision to co-source the tax function is not simple. Answer these 3 questions to uncover a better approach to tax function efficiency.
Taxpayer Advocate Service struggles with a backlog of cases

Taxpayer Advocate Service struggles with a backlog of cases

Taxpayer Advocate Service is wrestling with a backlog of cases trying to navigate the changing environment of the pandemic.
House Ways and Means releases reconciliation tax payfors

House Ways and Means releases reconciliation tax payfors

House Ways and Means issues its discussion draft amendment with revenue items to offset $3.5 trillion spending package.
Senator Wyden’s draft proposals target partnership tax rules

Senator Wyden’s draft proposals target partnership tax rules

Senator Wyden’s recent ‘discussion draft’ legislation, if enacted, would drastically alter many of the tax rules that apply to partnerships.
Audited financial statements and climate-related risk considerations

Audited financial statements and climate-related risk considerations

The CAQ has issued a publication that describes how accounting and auditing standards apply to climate-related risks.
Using a charitable remainder trust (CRT) to replace the stretch IRA

Using a charitable remainder trust (CRT) to replace the stretch IRA

IRA beneficiaries can now be stuck with a very tax-inefficient asset after the owner’s death. Learn the solution.
IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS extends Hurricane Ida Relief to New York and New Jersey victims

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida in New York and New Jersey.
IRS adds certain self-dealing transactions to no-rule list

IRS adds certain self-dealing transactions to no-rule list

The IRS will not issue PLRs on transactions involving a PF’s interest in an LLC that owns a disqualified person’s promissory note.
IRS – Wages for R&D do not include wages for Employee Retention Credit

IRS – Wages for R&D do not include wages for Employee Retention Credit

The IRS revises Form 6765 so in 2021 taxpayers cannot use the same wages to calculate both the R&D credit and the employee retention credit.
Driving security transformation through automation, AI and analytics

Driving security transformation through automation, AI and analytics

Security transformation should be a top priority. Modern security operations use AI-driven automation to reduce manual processes.
Democrats release draft bill to overhaul U.S. international tax rules

Democrats release draft bill to overhaul U.S. international tax rules

Senate Finance Chairman Wyden unveils draft international tax reform bill that would overhaul GILTI, FDII and BEAT rules.
Use of trusts for multiple Qualified Small Business Stock exclusions

Use of trusts for multiple Qualified Small Business Stock exclusions

Increasing capital gains rates and low corporate tax rates create opportunity for an exclusion of gain on Qualified Small Business Stock.
IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS extends Oct. 15 deadline for victims of Hurricane Ida

IRS postpones certain filing, payment and other deadlines for taxpayers affected by Hurricane Ida. IRS provides additional relief.