Adjustments under the disregarded-payment and foreign tax credit rules are often overlooked. This practical framework includes a step-by-step guide and example.

The Fifth Circuit, overruling the Tax Court, held that for purposes of the Sec. 1402(a)(13) exclusion from self-employment tax, “limited partner” means a partner in a limited partnership that has ...

The Tax Court advised a taxpayer that filing a second petition would not allow another IRS Collection Due Process review.

In estate planning, taxpayers and their advisers may overlook the potential generation-skipping transfer tax implications of ...