Ideas & Insights

Learn more about the current expected credit loss standard, the London Interbank Offered Rate transition and tax reform.

Comments address concerns and recommendations regarding proposed regulations addressing section 382 built-in gains and losses.

The IRS has published final section 6050Y regulations requiring reporting of sales and acquisitions of certain life insurance contracts.

Favorable rule for corporate stock acquisitions where life insurance contracts are less than 50 percent of the target corporation’s assets.

New IRS enforcement campaign targeting the section 965 transition tax compliance indicates a likely increase in section 965 audit activity.

Revenue Procedure 2019-43 supersedes Rev. Proc. 2018-31, providing procedures to change accounting methods with automatic consent.

Puerto Rico has enacted new legislation to provide additional tax benefits for investing in projects in PR opportunity zones.

The IRS released long-awaited guidance outlining how former S corporations should source distributions between S corp and C corp earnings.

IRS to retain regulations treating some related party debt as equity, but will propose rules easing one of the regulations’ harshest rules.

A business guide to tax considerations for 2019 to help make informed decisions after the Tax Cuts and Jobs Act.

Proposed rules limit the impact and reduce the reporting burden caused by tax reform changes to CFC ownership rules.

A federal district court agreed with the IRS that an S corporation’s AAA balance resets to zero following a switch to C corporation status.

IRS has finalized safe harbor provisions that rental real estate enterprises may use to qualify as a trade or business for section 199A.

Final bonus depreciation rules similar to previously proposed rules, uncertainty remains for certain transactions.

Final and re-proposed regulations released by the Treasury and IRS address important factors for 100% bonus depreciation.

A robust look at several significant international provisions for foreign-derived intangible income, also referred to as section 250.

Tax Court allows ordinary business bad debt deduction, rejecting argument that loans not secured by real property were nonbusiness loans.

Passthroughs that have applied the Proposed (not final) GILTI regulations must notify their partners or shareholders to avoid penalties

Recent activity among state and local gross receipts taxes may signify that a historic approach to taxation is ready to be a new trend.

Rev. Proc. 2019-37 offers procedures for accounting method changes to comply with proposed regulations under sections 451(b) and 451(c).