Taxpayers may be subject to the risk that an IRS examination could increase (or create) a gift tax or estate tax liability many years after a gift is made. Practitioners can help clients limit this ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

In some instances you have to transcribe all of the information from a balance sheet onto the S corporation tax form. In other instances you do not need to refer to the balance sheet when filing ...