Additional Resources
RECENT DEVELOPMENTS AND TAX LAW CHANGES EFFECTIVE IN JULY 2011
July/August 2011
By Scott E. Vincent, Partner
There have been a number of tax developments during the first half of 2011, as well as several tax changes that are effective for the remainder of 2011. This article is a reminder of several key provisions to watch for with respect to your and your clients’ matters during the upcoming months. This is merely an overview, so be sure to look to the underlying provisions with respect to key items that appear to be applicable to particular circumstances.
TAXPAYER AND S CORPORATIONS TREATED AS ONE BUSINESS ENTERPRISE
May/June 2011
By Scott E. Vincent, Partner
The Court of Federal Claims (Morton v. U.S., 107 AFTR 2d 2011-xxxx, April 27, 2011) recently granted a Summary Judgment Motion in favor of a business owner holding that the owner’s controlled S corporations and his individual business activities were a “unified business enterprise”. The decision allows the business owner to deduct business expenses and depreciation relating to several airplanes used in the various activities once substantiated.
More Articles...
- IRS Releases its "Dirty Dozen" Tax Schemes for 2010
- IRS Publishes S Corporation Guidance Explaining Compensation, Medical Insurance and Stock Basis Issues
- Tax Court Rejects IRA Modification Penalty Imposed By IRS For Education Withdrawal
- American Recovery and Reinvestment Act of 2009 - Multiple Provisions for Business and Individual Taxpayers
