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The Trump Administration released its long-awaited Tax Code. Businesses should plan now to take advantage of accounting methods that accelerate deductions or defer revenue and consider changes that would allow it to arbitrage the tax rates.

In response to the extreme need for relief for victims of Hurricanes and Tropical Storms Harvey and Irma, the IRS has released guidance on the treatment of leave-based donation programs adopted by employers.

The IRS issued a directive to its Large Business & International (“LB&I”) unit regarding the R&D tax credit and what would be considered as acceptable evidence when examining qualified research expenses (“QREs”) to determine the credit.

EisnerAmper has asked thought leaders within our various business tax groups to comment on tax reform as it impacts their particular areas of expertise. Below you’ll find links to three articles addressing specific areas of the framework.

The Treasury announced that it will propose reforms to mitigate the burdens created by 8 specified tax regulations. The eight regulations are as follows.

Under the Bipartisan Budget Act of 2015, all partnerships (including LLPs and LLCs taxed as partnerships) are impacted by new partnership audit rules. Below are key questions to consider as you update your partnership agreement.

The Treasury and IRS issued 277 pages of proposed regulations that implement partnership audit rules contained as part of the Bipartisan Budget Act of 2015 (BBA). They are substantially the same as proposed regulations from January, 2017.

Your odds of a favorable IRS tax outcome are much better when you work with a tax professional to develop an effective plan rather than going it alone. Here are some things to consider when engaging a tax resolution expert.

In its highly anticipated decision in the Grecian Magnesite Mining v. Commissioner case, the Tax Court on July 13, 2017 effectively invalidated IRS Revenue Ruling 91-32.

In Notice 2017-36, the Treasury Department and IRS have announced that they intend to delay the application of the documentation rules by 12 months. These rules will now apply only to interests issued or deemed issued on or after January 1, 2019.

Most CFOs and tax directors are familiar with the concept of nexus in the context of state tax but many people remain confused. In this issue, we take a high-level look at three key areas greatly impacting businesses that have multistate operations.

You can read the one-page summary and a concise summary of the plan, in this article from Bloomberg. In addition, a White House statement from National Economic Council Director Gary Cohn provides additional detail into the elements of the proposal.

Effective tax planning can reduce estate taxes, maximize the amount of funds available for retirement, reduce the cost of financing your children's education and assist you in managing your cash flow to help you meet your financial objectives.

The Treasury and IRS have materially turned up the pressure and sharpened their focus on transactions involving small captive insurance companies.

The following is a summary of key highlights of the final regulations, and the related provision of the April 2016 proposed regulations, where relevant.

Many companies get tangled up in Section 382 of the U.S. Tax Code governing the handling of tax carryovers when there’s been a change of ownership. EisnerAmper's Jeffrey Kelson, a Section 382 expert, walks us through the intricacies.

Partnership audit rules were materially changed in 2015 as part of the Bipartisan Budget Act of 2015 (the "BBA"). The BBA repealed the TEFRA and Electing Large Partnership rules and replaced them with a single set of rules for auditing partnerships

The Treasury released proposed regulations under Section 2704 of the Internal Revenue Code that would essentially eliminate valuation discounts currently available to gifts and bequests of non-controlling interests in family owned entities.

Any future reduction in business tax rates could have a beneficial impact on most corporations' bottom lines. However, corporations that have net-deferred tax assets recorded in their balance sheets could experience a substantial one-time hit to their P&Ls.

Governor Chris Christie reportedly gave Pennsylvania notice of New Jersey’s intent to withdraw from the Reciprocal Personal Income Tax Agreement. As it currently stands, the reciprocal agreement will be terminated as of January 1, 2017.