To clarify the application of the Section 263(a) capitalization rules, the forthcoming Proposed Regulations will describe the specific categories of expenditures incurred in acquiring, creating, or enhancing intangible assets or benefits that taxpayers are required to capitalize, including certain ...
The IRS granted a regulated investment company consent to revoke its mark-to-market election under section 1296 regarding its investment in a passive foreign investment company. Tax Notes Research FederalandTax Notes Today GlobalandTax Notes Today Federal: IRS Letter Rulings ...
This page contains a summary of the latest individual contribution limits, income thresholds and eligibility rules for popular tax-advantaged retirement plans. Unless noted or for future estimates, all data is from the official IRS website and relevant procedures. Use the section finder below to ju...
If you are self-employed, it's likely you need to fill out an IRS Schedule C to report how much money you made or lost in your business. Freelancers, contractors, side-giggers and small business owners typically attach this profit or loss schedule to the
Form 4669 comes with specific obligations and rules. Here are some aspects to consider when filing this form. Accuracy The form must contain accurate information about the uncollected tax amounts. Any inaccuracy can lead to further complications, including penalties and potential legal action. ...
IRS Rules that Section 357(c) Is Not Applicable to A, C, D, and G Reorganizations to Which Section 351 Also Applies.The article discusses IRS revised rule on Section 357(c). Under the revised IRS rule, the liability in excess of basis provision in Section 357(c) will not apply to ...
Greater Scrutiny of Consumer-Products Manufacturers and Retailers: The IRS is taking a tougher stance with regard to the Section 263A uniform capitalization rules; preemptive action may be needed.Martin, JimSehman, Tom
IRS Rules on Determining Voting Power Related to Section 355Schwarz, Mel
IRS Misses Opportunity to Simplify Section 409A RulesJonesDay
IRS Revises Code Section 162(m) RulesJeffrey W. Kroh