September 12, 2019
Lisa Varela- Author's Bio
Blog Posts
0 Comments
Eligible Partnerships Granted Extension to File Form 1065 and Schedules K-1
Eligible Partnerships Granted Extension to File Form 1065 and Schedules K-1 The IRS has granted a six-month extension to eligible partnerships to file a superseding Form 1065, U.S. Return of Partnership Income, and furnish corresponding Schedules K-1, Partner’s Share of Income, Deductions, Credits. For a calendar year partnership, the deadline to file Form 1065 and […]
Read more- September 12, 2019
- Lisa Varela
- Author's Bio
- Blog Posts
- 0 Comments
Proposed Regulations Update Fleet-Average, Vehicle Cents-Per-Mile Valuation Rules
Proposed Regulations Update Fleet-Average, Vehicle Cents-Per-Mile Valuation Rules Proposed regulations increase a vehicle’s maximum value for eligibility to use the fleet-average valuation rule or the vehicle cents-per-mile valuation rule. The increase to $50,000 is effective for the 2018 calendar year. The maximum value is adjusted annually for inflation after 2018. The proposed regulations provide transition […]
Read more- September 12, 2019
- Lisa Varela
- Author's Bio
- Blog Posts
- 0 Comments
Nondiscrimination Relief for Closed Defined Benefit Plans Extended Again
Nondiscrimination Relief for Closed Defined Benefit Plans Extended Again The temporary nondiscrimination relief for closed defined benefit plans provided in Notice 2014-5, I.R.B. 2014-2, 276, is extended through plan years beginning in 2020. Notice 2014-5 provided temporary nondiscrimination relief for certain defined benefit pension plans that were “closed” before December 13, 2013. Notice 2014-5, I.R.B. 2014-2, 276, Notice 2015-28, I.R.B. 2015-14, 848, Notice […]
Read more- September 12, 2019
- Lisa Varela
- Author's Bio
- Blog Posts
- 0 Comments
Final Regs Tweak Safe Harbor for Partnership Allocations of Creditable Foreign Tax Expenditures
Final Regs Tweak Safe Harbor for Partnership Allocations of Creditable Foreign Tax Expenditures The IRS has adopted final regulations with respect to the allocation by a partnership of foreign income taxes. The final regulations are intended to improve the operation of an existing safe harbor rule. This safe harbor rule, under Reg. §1.704-1(b)(4)(viii), determines whether allocations […]
Read more
- September 12, 2019
- Andrew Presti
- Author's Bio
- Blog Posts
- 0 Comments
Proposed Regulations Classify Cloud and Digital Content Transactions
Proposed Regulations Classify Cloud and Digital Content Transactions Transactions involving digital content and cloud computing have become common due to the growth of electronic commerce. The transactions must be classified in terms of character so that various provisions of the Code, such as the sourcing rules and subpart F, can be applied. Digital Content TransactionsExisting Reg. […]
Read more