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Latest Tax Alerts

Check out the latest tax alert section of our website, full of links and articles for professional and personal tax news. Read More

Wolters Kluwer Interview: A Two-Part Q&A Series on the Section 199A Deduction (Part 1)

Republicans’ 2017 overhaul of the tax code created a new 20-percent ... Read More

Wolters Kluwer Interview: A Two-Part Q&A Series on the Section 199A Deduction (Part 2)

The Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97), enacted at the end of 2017, created the new... Read More

Bipartisan House Bill Aims to Fix “Retail Glitch”

A bipartisan House bill has been introduced that would fix ... Read More

Safe Harbor Provided for Basis of Professional Sports Contracts for Players Traded Between Teams

The IRS has provided a safe harbor for professional sports ... Read More

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Proposed Reliance Regs Address Qualified Opportunity Funds, Zones and Businesses

By: Wayne Naegele, Senior Partner


Wayne Naegele, Senior PartnerProposed regulations address gains that may be deferred when taxpayers invest in a qualified opportunity fund (QOF). Taxpayers may generally rely on these new proposed regulations. The IRS has also requested comments.

The proposed regulations also withdraw and replace placeholder ... Read More

House Approves Bipartisan IRS Reform Bill

By: Annemarie Aguanno, CPA, Senior Audit/Tax Manager


nnemarie aguanno, CPAThe House on April 9 approved by voice vote a bipartisan, bicameral IRS reform bill. The IRS bill, which now heads to the Senate, would redesign the IRS for the first time in over 20 years.

IRS Reform

The Taxpayer First Act of 2019 (HR 1957), as amended, cleared ... Read More

CFC Partners Required to Increase E&P for Subpart F Inclusions

By: Salvatore Russo, Partner


Salvatore Russo, Partner The upper-tier controlled foreign corporation (CFC) partners of a domestic partnership were required to include in gross income their distributive share of income inclusions under subpart F from lower-tier CFCs, and increase earnings and profits (E&P) by the same amount. Regulations under ... Read More


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