The Tax Adviser

Estate portability elections of unused estate and gift tax exemption must be meticulously prepared

Care must be exercised to ensure all the applicable requirements are met when making a deceased spoused unused exemption ...
The Tax Adviser

What today’s clients expect from their CPA and how firms are responding

Bob Nolan, CPA, principal tax analyst, Drake Software, discusses how client expectations have changed and what CPA firms can ...
The Tax Adviser

2026 tax software survey

The survey allowed respondents to name their tax preparation software from among 13 listed or write in others. As in past ...
The Tax Adviser

M&A termination fees under Sec. 1234A: Developments since 2016

Capital gains vs. ordinary income treatment hinges on the nature of the underlying contractual rights or obligations and the ...
The Tax Adviser

Check-the-box effects for foreign owners

Editor: Robert Venables, CPA, J.D., LL.M. The branch profits tax is a 30% tax on earnings of a foreign corporation’s ...
The Tax Adviser

Tax return positions: Required levels of authority

Tax practitioners must heed rules and professional guidelines for substantial authority and other specified levels of ...
The Tax Adviser

Tax legislation for digital assets: What’s the conversation in Congress?

Despite common themes between a Senate bill and a House discussion draft on taxation of digital assets, they differ in key ...
The Tax Adviser

August 2026 - The Tax Adviser

Bob Nolan, CPA, principal tax analyst, Drake Software, discusses how client expectations have changed and what CPA firms can ...
The Tax Adviser

Erroneous refund of underpayment interest eligible for Sec. 6015(f)(1) relief

The refund gave rise to an unpaid tax liability eligible for equitable innocent-spouse relief, the Tax Court held.
The Tax Adviser

The hidden costs and tax burdens of European waterfalls

These distribution provisions for sharing earnings between private fund managers and investors can clash with Sec. 704 partnership rules in certain ways.
The Tax Adviser

A risk framework for AI use in tax administration and preparation

A former IRS commissioner assesses risks and proposes control practices for use of artificial intelligence by taxing ...
The Tax Adviser

International Tax

A check-the-box election may either eliminate or impose U.S. tax and compliance burdens for foreign owners. Proposed and final regulations under Secs. 897 and 892, respectively, provide relief from ...