U.S. Tax Court Rules IRS Lacks Statutory Authority to Assess Penalties for Failure to File Form 5471
The U.S. Tax Court held on April 3, 2023, in Farhy v. Commissioner, 160 T.C. No. 6 (April 3, 2023), that the Internal Revenue Code does...
top of page
Search
- Apr 25
- 4 min
2023 Inflation Adjustments Impact Qualified Small Businesses, Business Interest Limitation Exemption
Various provisions of the Internal Revenue Code that are tied to specified dollar amounts provide that those dollar amounts are to be...
- Apr 12
- 2 min
Final Schedule K-2 and K-3 Instructions Provide Limited Relief for Investment Partnerships
Background Schedules K-2 and K-3 report items of international relevance. Schedule K-3 is provided to partners along with their Schedule...
bottom of page