Tax regulations

The Internal Revenue Service has issued final regulations implementing the centralized partnership regime, allowing the IRS to audit large partnerships, such as hedge funds and private equity firms, more easily.

The good news is that under the Tax Cuts and Jobs Act, QLI is superseded by QIP.

The Internal Revenue Service issued a set of proposed rules on the new BEAT provisions added by the Tax Cuts and Jobs Act.

Tax settlements are often scuttled when you ignore the “dissipated asset” rule.

California can be pretty aggressive when it comes to collecting taxes.

Last year’s tax overhaul imposes a tax on some coveted benefits for workers at tax-exempt organizations.

Changes in the Tax Cuts and Jobs Act impose new taxes on groups like churches and charities that offer free parking to clergy and employees.

Not only does the cost of demolition increase the value of the land, but also the remaining basis of the building must be added to the land value at the time of demolition.

The deferral may not be available to executives, highly compensated officers and those owning 1 percent or more of a corporation’s stock.

Parsing the rules arond depreciation law can be confusing and tricky.