What Is IRS Notice 1482 and How Should You Respond?
Understand IRS Notice 1482, its implications, and learn how to effectively respond to ensure compliance and avoid future tax issues.
Taxation and Regulatory Compliance
IRS Code 6651: Penalties for Failing to File or Pay Taxes
Understand IRS Code 6651 penalties for late tax filing or payment, calculation factors, and potential relief options to manage your tax obligations.
Does Canada Have a Tax Treaty With the US? Key Details Explained
Explore the key details of the Canada-US tax treaty, including residency criteria, income types, and double taxation relief.
Form 8805 Instructions: How to Accurately Complete and File
Learn how to accurately complete and file Form 8805, ensuring compliance with tax regulations and avoiding common filing errors.
How to Contact the Taxpayer Protection Program Hotline and What to Expect
Learn how to effectively contact the Taxpayer Protection Program Hotline and understand the process and information required for a smooth experience.
IRC 731: Gain or Loss Recognition on Partnership Distributions
Explore the nuances of gain or loss recognition in partnership distributions, focusing on cash, property, and basis adjustments.
Section 280A: Rules for Deducting Home and Business Expenses
Explore the nuances of Section 280A, focusing on how to effectively allocate and deduct home and business expenses for tax purposes.
Can a Limited Partnership Be a Disregarded Entity for Tax Purposes?
Explore the tax implications and reporting responsibilities of limited partnerships and their potential status as disregarded entities.
IRC Section 351: Tax-Free Transfers of Property to a Corporation
Explore the nuances of IRC Section 351, focusing on tax-free property transfers to corporations and the implications for shareholders and corporate basis.
Capital Loss Carryover Rules: How They Work and What to Know
Understand how capital loss carryover rules can help offset future gains and optimize your tax strategy effectively.
Can a Partnership Own an S Corp?
Explore the complexities and regulations surrounding partnership ownership of an S Corp, including legal and tax implications.
Section 338: How Stock Purchases Are Treated as Asset Acquisitions
Explore how Section 338 allows stock purchases to be treated as asset acquisitions, impacting tax attributes and purchase price allocation.
What Is IRC 105 and How Does It Apply to Health Plans?
Explore IRC 105’s impact on health plans, covering tax treatment, eligible expenses, and employer contributions for comprehensive compliance.
What Is a 338 Election and How Does It Work?
Explore the intricacies of 338 elections, their mechanics, and reporting requirements in corporate tax transactions.
U.S.-Australia Tax Treaty: Key Provisions and Implications Explained
Explore the U.S.-Australia Tax Treaty, focusing on its provisions, implications, and how it affects cross-border taxation and compliance.
IRC 732: Basis of Distributed Property in Partnerships Explained
Explore the intricacies of IRC 732 and understand how it affects the basis of distributed property in partnerships, including nonliquidating and liquidating distributions.
What Is a 7702 Life Insurance Policy? Tax Rules and Implications
Explore the nuances of 7702 life insurance policies, focusing on tax implications and premium structures for informed financial planning.
IRS Guidelines for Overpayment of Wages: What Employers Need to Know
Navigate IRS guidelines on wage overpayments with insights on adjustments, repayment options, and essential documentation for employers.
IRC Section 453A: Special Rules for Installment Sales and Deferred Tax
Explore the nuances of IRC Section 453A, focusing on installment sales, deferred tax interest, and reporting complexities.
What Is the SALT Tax Cap and How Does It Affect You?
Explore how the SALT tax cap influences taxpayers across income levels and discover strategies to manage its effects.