IRS Private Letter Ruling 202550004 addresses tax implications when charitable trust distributes all assets to private ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. There are more than 100 penalties in the Internal Revenue ...

The Internal Revenue Code (IRC) Section 453 provides a mechanism for deferring capital gains taxes through installment sales. However, not all strategies that claim to rely on this section are treated ...

On May 6, 2024, the Treasury Department published TD 9996, “Relief Provisions Respecting Timely Allocation of GST Exemption and Certain GST Elections.” These regulations address the circumstances and ...

Two Democrats and two Republicans are pushing legislation that would extend a provision in the Internal Revenue Code that allows domestic film and TV shoots to deduct production costs. By Katie ...

Attribution rules look to prevent the creation of business ownership structures that run contrary to Internal Revenue Code ...

Petitioners appealed the Tax Court's dismissal of their challenge to respondent Commissioner's determination concerning their income-tax deficiency for 2018. The IRS sent notice of deficiency on Aug.