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Avoiding Late Returns When Corporations Are Acquired by a
Consolidated Group
from The Tax Adviser
Common mistake: Missing the due date for separate returns when companies are acquired by consolidated groups.
No Penalty for Bond Linked Issue Premium Structure (BLIPS)
from Journal of Accountancy
A decision points out what penalties can be assessed and how a taxpayer can defend against them.
IRS Will No Longer Challenge Negative Additional Sec. 263A Costs
from The Tax Adviser
IRS will not challenge taxpayers who use their allocation methods to apportion negative costs between ending inventory and cost of goods sold.
Taxpayer-Favorable Letter Ruling on Consolidated Worthless
Stock Deduction
from The Tax Adviser
IRS breaks new ground in determining the character of a worthless stock deduction in a consolidated group. |
