Opportunity Zone Deciphered – How are you advising your clients?
The Opportunity Zones incentive is an investment tool established by Congress in the Tax Cuts and Jobs Act of 2017…
CRYPTOCURRENCY UPDATE
Today the IRS released its first piece of guidance on cryptocurrency since Notice 2014-21, which was published in March of…
IRS Issues Guidance on Section 199: Rental Real Estate Safe Harbor
On September 24, 2019, the IRS issued Revenue Procedure 2019-38, which implements a safe harbor under which a real estate…
alliantNational Helps Client Overcome Wrongly Denied Business Deductions
The U.S. Tax Court recently ruled in WP Realty, LP, Olympia Realty, Inc., Tax Matters Partner v. Commissioner of Internal…
GILTI Partnership Pivot – The latest news from Treasury
The Tax Cuts and Jobs Act, passed at the end of 2017, made significant changes to the structure of the…
IRS Announces 831(b) Micro-Captive Settlement Initiative
The IRS announced a one-time settlement offer for certain micro-captive insurance participants currently under IRS exam. Per the announcement, the…
199A a deduction or…
With the extended filing season upon us, questions abound on the various nuances of 199A. The Service on January 18,…
The IRS Remains Skeptical of Syndicated Conservation Easements
It is no secret that the IRS has been actively looking at syndicated conservation easements in recent years. While a…
