The Internal Revenue Service is proposing to remove the domestic corporation look-through rule for real estate investment ...

The IRS on Tuesday withdrew proposed regulations on the treatment of built-in items of income, gain, deduction, and loss that a loss corporation considers following an ownership change under Sec.

CPAs can help their clients determine what is a reasonable salary to pay shareholder employees (SEs) of S corporations, thus satisfying an IRS priority to collect proper amounts of employment taxes.

Rights and obligations of an agreement pursuant to which the taxpayer paid a “break fee” terminating a proposed merger were in the nature of services, the court held, denying the IRS’s ...