Court says international financing was debt, not equity September 29, 2016 The U.S. Tax Court held that the financing of a sale of partnership interests by a foreign seller to a U.S. buyer was not debt, but equity.
The court found that ... Get 2 tax benefits from 1 donation: Give appreciated stock instead of cash September 27, 2016 If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically give cash, you may want to consider another option that ... Prepaid tuition vs. college savings: Which type of 529 plan is better? September 21, 2016 Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the benefits:
Although contributions aren’t deductible for federal purposes, plan assets can ... Tax Brackets Expected to Rise Slightly Next Year September 16, 2016
The basic standard deduction for heads of household, the additional deduction, and the exemption amounts, will increase slightly next year. Click here to read the details.
BEPS is just a patch job until tax secrecy is eradicated: UK group September 14, 2016 A cross-party UK parliamentary group says international proposals to fight global tax evasion don’t go far enough and may create loopholes that could be used to avoid taxes.
In a report, ... Australia proposes rules on transfer pricing and offshore marketing hubs September 14, 2016 Australia outlined how it plans to treat transfer pricing issues related to the location and relocation of certain business activities and operating risks into centralized operating models, commonly referred to ... Court says international financing was debt, not equity September 14, 2016 The U.S. Tax Court held that the financing of a sale of partnership interests by a foreign seller to a U.S. buyer was not debt, but equity.
The court found that ... Documentation is the key to business expense deductions September 13, 2016 If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court cases that ... IRA Charitable Donations: An Alternative to Taxable Required Distributions September 8, 2016 You can make cash donations to IRS-approved charities out of your IRA using so-called “qualified charitable distributions” (QCDs). This strategy may be advantageous for high-net-worth individuals who have reached age 70 ... Are frequent flyer miles ever taxable? September 8, 2016 Are frequent flyer miles ever taxable?