Articles on Federal Taxation

Charitable Contributions: A Summary of the Deduction Rules By Kathy Garlow Trusts and Estates, May 2021 A look at the ways in which CARES Act and Consolidated Appropriations Act expanded the charitable contribution rules.
American Rescue Plan Act of 2021 - Nontaxable Unemployment Benefits State and Local Taxation, April 2021 The federally enacted American Rescue Plan Act of 2021 includes a retroactive provision making the first $10,200 per taxpayer of 2020 unemployment benefits nontaxable for individuals with modified federal adjusted gross income of less than $150,000. 
Charitable Contributions: A Summary of the Deduction Rules By Kathy Garlow Elder Law, April 2021 A look at the ways in which CARES Act and Consolidated Appropriations Act expanded the charitable contribution rules.
Charitable Contributions: A Summary of the Deduction Rules By Kathy Garlow Federal Taxation, March 2021 A look at the ways in which CARES Act and Consolidated Appropriations Act expanded the charitable contribution rules.
Impact Fund Considerations for Charitable Organizations By Colin J. Walsh Federal Taxation, March 2021 In recent years, impact funds have become a popular way for section 501(c)(3) charitable organizations to advance their tax exempt missions.
‘Financial Disability’ and the Suspension of the Statute of Limitation on Refund Claims By Nancy Franks-Straus Federal Taxation, December 2020 Although Congress intended to provide relief to taxpayers suffering from a significant mental or physical disability through the enactment of IRC § 6511(h), the strict interpretation given by the courts as to the authority of someone to act on taxpayer’s behalf has limited the application of the statute and thus limited the relief actually available to disabled taxpayers.
Illinois Attorney General Has Ramped Up Illinois Estate Tax Audits By Ryan A. Walsh Trusts and Estates, October 2020 Summaries of three cases from the last year in which Illinois estate tax returns were audited when no federal audit took place.
Illinois Attorney General Has Ramped Up Illinois Estate Tax Audits By Ryan A. Walsh Business Advice and Financial Planning, October 2020 Summaries of three cases from the last year in which Illinois estate tax returns were audited when no federal audit took place.
Illinois Attorney General Has Ramped Up Illinois Estate Tax Audits By Ryan A. Walsh Elder Law, October 2020 Summaries of three cases from the last year in which Illinois estate tax returns were audited when no federal audit took place.
CPAR Partnerships Reporting Changes to Forms 1065: The Administrative Adjustment Request By Colin Walsh Federal Taxation, September 2020 A look at the procedures centralized partnership audit regimes must follow to report changes to a previously filed Form 1065 for tax years beginning after Dec. 31, 2017.
Illinois Attorney General Has Ramped Up Illinois Estate Tax Audits By Ryan A. Walsh Federal Taxation, September 2020 Summaries of three cases from the last year in which Illinois estate tax returns were audited when no federal audit took place.
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Progressive Illinois Tax and Its Federal Impact By Patrick D. Owens Federal Taxation, September 2020 On June 5, 2019, Illinois passed Public Act 101-0008, which will implement a progressive income tax effective January 1, 2021.
Takeaways From Correcting Amendments to Final Opportunity Zone Regulations By Colin Walsh, J.D. Federal Taxation, June 2020 A look at the Treasury Department's recently released correcting amendments to the Final Opportunity Zone Regulations.
Whistleblower Reforms Under the Taxpayer First Act By Kristen Henry Federal Taxation, June 2020 A look at the relevant provisions covering the reporting of tax fraud and protections in cases of possible employer retaliation.
The SECURE Act – Congress Just Moved the Goalposts By Patrick D. Owens Trusts and Estates, May 2020 An overview of some of the major provisions of the Setting Each Community Up for Retirement Enhancement Act, which passed Congress in December and became effective January 1, 2020.
Form 1040’s New Virtual Currency Question: What You Need to Know By James Creech Federal Taxation, March 2020 A look at the new question on the 2019 Form 1040 Schedule 1 that may take taxpayers and tax return preparers by surprise.
The SECURE Act – Congress Just Moved the Goalposts By Patrick D. Owens Federal Taxation, March 2020 An overview of some of the major provisions of the Setting Each Community Up for Retirement Enhancement Act, which passed Congress in December and became effective January 1, 2020.
FAQs: TCJA Changes to the Deductibility of Meals, Entertainment, and Fringe Benefits By Colin Walsh Federal Taxation, December 2019 Frequently asked questions about the changes to Internal Revenue Code IRC § 274.
Choice of Entity in 2019: Focus on Section 199A for Flow-Throughs By Kathy Garlow & Shaul Wasserman Federal Taxation, September 2019 Proper business categorization is an essential decision for an organization. The Tax Cuts and Jobs Act, enacted in 2017, makes it necessary to revisit the basics of categorization.
Health savings accounts 2018 contribution limit By Brian T. Whitlock Federal Taxation, June 2018 The Tax Cut and Jobs Act changed how inflation indexing is calculated for many provisions of the Internal Revenue Code.
Tax Cuts and Jobs Act of 2017 changes kiddie tax rules By Brian T. Whitlock Federal Taxation, June 2018 The Tax Cuts and Jobs Act of 2017 decouples the tax returns of dependent children from the tax returns of their parents.
Tax pamphlet: Do you have canceled debt? By James Creech Federal Taxation, August 2013 The Center for Economic Progress has provided a new pamphlet designed to answer frequently asked questions about issues that commonly occur for low income taxpayers.
New rules for partnership mergers By Beverly M. Helm Federal Taxation, June 2000 On January 11, 2000 the Treasury Department issued proposed regulations on federal income tax consequences of partnership mergers and divisions.
Center for Law and Human Services By Karen V. Kole Federal Taxation, April 2000 The Center for Law and Human Services, one of the largest VITA (volunteer income tax assistance) 501(c)(3) in the country, has received funding to establish a law income taxpayer clinic.
Procedure updates By Carlos A. Saavedra Federal Taxation, April 2000 On December 7, 1999, the United States Supreme Court issued its opinion in Drye v. United States (No. 98-1101), 68 U.S.L.W. 4010 (Dec. 14, 1999), holding that a probate disclaimer did not defeat the reach of the federal tax lien over the disclaimed property.
Recently enacted legislation could adversely effect partnerships that sell property in exchange for an installment obligation By Edward J. Hannon Federal Taxation, April 2000 On December 17, 1999, President Clinton signed the Ticket to Work and Work Incentive Improvement Act of 1999 (the "1999 Act") into law.
Changes to the innocent spouse provisions: something old, something new By Carlos A. Saavedra Federal Taxation, February 2000 Code section 6013(d)(3) establishes joint and several liability for married taxpayers filing a joint income tax return. "Innocent Spouse" provisions refer to those Code provisions that create exceptions to this joint and several liability.
Individual income tax update By James S. Zmuda Federal Taxation, February 2000 The Internal Revenue Service ("IRS") has announced that for business travel after 1999, the optional mileage allowance for owned or leased vehicles will be 32.5 cents a mile.
Transfers to trust not included in gross estate Federal Taxation, February 2000 The Ninth Circuit has reversed a Tax Court decision and held that property transferred by a decedent was excludable from his gross estate pursuant to IRC 2036(a).
Individual income tax update By James S. Zmuda Federal Taxation, September 1999 Several requirements must be satisfied for divorce related payments to be treated as alimony, taxable to the payee and deductible by the payor.

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