The Tax Adviser’s April 2014 Tax Clinic articles
The following tax insights originally appeared in The Tax Adviser's April 2014 Tax Clinic column. Authored by a range of RSM tax professionals across the firm, these ten articles focus on current tax issues and opportunities impacting business and individual taxpayers.
Corporations and shareholders
Related-party traps can lead to ordinary income, as opposed to capital gain, recognition by pre-transaction target entity shareholders.
Employee benefits and pensions
While a popular subject in the financial press, using IRA funds as start-up capital involves tax complexities that can lead to dire results.
Estates, trusts and gifts
Recent cases involving trusts highlight planning strategies that may ease the state tax burden on undistributed trust income.
Trust decanting has gained popularity over the past three years as a way to deal with changing circumstances and tax laws.
A straightforward look at the complex regulations and interrelated code provisions that must be considered to determine fuel excise tax liability.
Foreign income and taxpayers
The issues surrounding cancellation of indebtedness have become particularly relevant with respect to multinational entities.
This article provides an overview of the timing and limitations that affect when a foreign corporation must adopt and change accounting methods.
Explore the challenges taxpayers face in a section 355 transaction involving a real estate investment trust holding owner-occupied real estate.
Section 1411 raises many issues for S corporations and their shareholders with regard to the additional 3.8 percent tax on net investment income.
State and local taxes
Allowing CPAs to represent taxpayers in front of state tax tribunals offers benefits but may impair the CPA’s independence.
Excerpted from the April 2014 issue of The Tax Adviser. Copyright © 2014 by the American Institute of Certified Public Accountants, Inc.