The Tax Adviser—the magazine of planning, trends, and techniques—reports and explains federal tax issues to tax practitioners.

Members of the AICPA Tax Practice Management Committee discuss how firms can best prepare and adapt when partners retire.

While expenditures may be qualified investments for the Sec. 48D advanced manufacturing investment credit, related grant ...

Applicability of sales and use taxes on digital products may in some cases hinge on the elusive definition of a computer ...

Under Sec. 6751(b)(1), many penalties cannot be assessed by the IRS before written managerial approval is obtained by the immediate supervisor of the person making the initial determination of the ...

This article discusses what assets are treated as collectibles subject to the 28% rate, the netting process for collectibles gains and losses, how gains on the sale of collectibles are taxed, and ...

Understanding the rules for deducting losses on worthless securities is necessary to determine the correct timing of the loss deduction.

There are various types of PTO donation and leave-sharing programs, not all of which are disaster-related. The tax treatment to the donating employee differs based on the type of program.

This item discusses issues created by income in respect of a decedent and presents strategies and planning insights to assist taxpayers and their tax advisers with minimizing its impact.

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

Editor: Albert B. Ellentuck, Esq. The death of a partner can have many federal income tax implications for the partnership, the partner’s heirs, the partner’s estate, and the partner’s final income ...

By knowing the factors courts consider in determining whether a taxpayer meets the requirements for the reasonable-cause exception, and how the courts have applied the factors, tax advisers can help ...