The IRS released final regulations affecting S corporations that revoked their status in response to TCJA and lower C corporation tax rates.
Tax Court ruled rejected e-filing triggered three-year limitation statute despite omission of taxpayer’s personal identification number.
Amendments to section 162, 164, and 170 regs. formalize safe harbors for payments to charitable organizations in exchange for SALT credits.
Join RSM in a discussion of the changes and considerations covered by the exempt organization executive compensation proposed regulations.