The Davis Brown Tax Law Blog provides clients with updates and analysis of tax law - including asset and stock purchase/sale transactions, public and private bond financing, tax credit financing and international tax law.
Showing 1 - 10 of 156
This blog post is intended to identify the most material aspects of the proposed regulations the IRS has introduced to implement the BBA partnership audit rules, and provide guidance on what actions a partnership should consider taking at this time.
Read More »
Over the past several years, the IRS has renewed its focus on auditing Employee Stock Ownership Plans (ESOPs), in part because of allegedly abusive arrangements. Unfortunately, ESOPs organized in Iowa have been targeted particularly heavily. Read More »
The IRS is taking steps to identify abusive ESOPs. Look at your own ESOP structure with these warning signs in mind. Read More »
Governor Branstad signed Senate File 333, the Iowa Uniform Fiduciary Access to Digital Assets Act, on April 20. Read More »
The IRS recently provided an update on a growing scam targeting employers. Read More »
As administration of Prince's estate continues, we see more and more examples of how things could have been handled differently (and, in many ways, better) with a proper estate plan. Earlier this month, the estate filed an inventory listing the assets of the estate. What is an inventory, and why do people care? Read More »
Congress's Technical Corrections Act of 2016 was passed to address a number of concerns with the 2015 Bipartisan Budget Act relating to audits and administrative strain on partnerships. Read More »
Several months after his death, a woman came forward claiming she was married to Prince and that she was the sole heir of the estimated $300 million estate. She additionally claimed to have possession of a will signed by Prince. In this post, we'll examine what having a surviving spouse means for someone's estate. Read More »
Last week's election results have raised a number of questions about tax reform or repeal and the impact of such legislation upon your estate plan. It's too early to tell how this will shake out. Nonetheless, below are the initial reactions of the members of the Davis Brown Tax and Estate department. Read More »
Veterans who receive armed service disability benefits for combat-related injuries are able to exclude that income from their taxable income. However, due to some reporting confusion, some veterans may be wrongfully taxed by the IRS. Read More »
Showing 1 - 10 of 156