© 2019 RSM US LLP. All rights reserved.
Active trade or business present in subsidiary without independent current revenue but with a plan to make future product sales.
The Senate recently passed the Taxpayer First Act after eliminating the controversial Free File Program from the bill.
Highly-anticipated trust taxation case considers whether a state can tax a trust based on the residency of a beneficiary.
Tax Court found that the taxpayers established material participation despite failing other quantitative material participation tests.
In Mihelick v. United States, the Court of Appeals for the 11th Circuit reversed the lower court ruling on substance over form.
Rules clarify how S corporation income allocated to an ESBT will be taxed when a trust beneficiary is a nonresident alien.
The federal government adds two new health reimbursement arrangement (HRA) options for employers starting in 2020.
Effective for tax years beginning after Dec. 31, 2019, market-based sourcing adopted for services and intangibles.