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Your search for ‘Grant Thornton’ returned 2,517 results

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  • Article

    States Continue To Withdraw From Multistate Tax Compact

    In light of the potential unintended consequences of the Multistate Tax Compact and the California Court of Appeal’s decision in Gillette, some states have begun to withdraw from the Compact.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Tax Court Addresses Limited Partner Exception In LLC Context

    Tax Court has held in Castigliola v. Commissioner that three lawyers who were member-managers of a PLLC classified as a partnership for U.S. federal income tax purposes were not entitled to exclude a portion of their partnership income...
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
Article

Tax Court Deals IRS Another Transfer Pricing Loss

On March 23, in Amazon.com, Inc. & Subsidiaries v. Commissioner 148 T.C. No. 8 (2017) the Tax Court held that the IRS's approach to valuing an upfront cost sharing buy-in payment was arbitrary, capricious and unreasonable.
United StatesTax
Grant Thornton LLP
Grant Thornton LLP
  • Article

    Tax Court Denies Partnership Loss Deduction For Lack Of Evidence Of Basis

    The Tax Court has ruled in Namen v. Commissioner (T.C. Memo 2017-24) that a podiatrist in private practice could not deduct his distributive share of loss in a partnership...
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Tax Court Holds Refundable State Tax Credits Must Be Included In Income

    In Maines v. Commissioner, 144 T.C. No. 8 (March 11, 2015), the Tax Court considered whether certain state tax credits were required to be included in income for federal tax purposes.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Tax Court Holds That Taxpayer Materially Participated In S Corporations For Purposes Of Section 469

    The Tax Court recently ruled that losses a husband and wife incurred from their interest in two Subchapter S corporations weren’t suspended passive activity losses.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Tax Court Sustains IRS Penalty For Treatment Of Lump Sum Payment

    The Tax Court in Stough v. Commissioner (144 T.C. No. 16) sustained an accuracy-related penalty for a taxpayer's treatment of a lump sum payment received under the terms of a lease agreement.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Tax Gap Grows As IRS Enforcement Slows

    The IRS has released new estimates showing that the annual "tax gap" has grown from $385 billion to $406 billion.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Taxpayer Cannot Avoid Section 457A Deadline By Changing Method Of Accounting

    The IRS concluded that a service provider cannot avoid the Dec. 31, 2017, transition relief deadline for including deferred compensation in income under Section 457A by changing its method of accounting.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Taxpayer Ineligible To Use The Completed Contract Method, Court Rules

    In Basic Engineering v. Commissioner, T.C Memo 2017-26 (Feb. 1, 2017), the Tax Court ruled that an engineering company was ineligible to use the completed contract method and was liable for an accuracy-related penalty.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Tenant Improvement Costs Aren’t Rental Income To Lessor

    Certain payments made by a lessee to reimburse the lessor for tenant improvement costs above an agreed-upon allowance were not rental income to the lessor.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Treasury Secretary Willing To Consider Regulatory Response To Inversions

    Treasury Secretary Jacob Lew said last week that the Obama administration is considering administrative options to curb inversions.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Trump Sends Mixed Signals On Pass-Through Rates While Clinton Bumps Up Her Estate Tax Proposal

    Presidential candidate Donald Trump provided new details on his tax reform plan last week, but the campaign provided conflicting information on how the 15% business rate would apply to pass-through businesses.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    3 Insights Into Performance-Based LTIPs

    A Grant Thornton LLP examination of CEO pay at S&P 500 companies from 2007 to 2012 shows a clear decline in stock option grants in favor of grants of performance-based long-term incentive plans.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Supreme Court Of Canada Overturns Alberta Court Of Appeal In Orphan Well Association v Grant Thornton Ltd.

    On May 12, 2015, Redwater Energy Corporation (Redwater), a junior oil and gas company active in Alberta, was put into receivership.
    CanadaEnergy and Natural Resources
    Burnet, Duckworth & Palmer LLP
    Burnet, Duckworth & Palmer LLP
  • Article

    Supreme Court Elaborates On Contesting IRS Summonses

    The Supreme Court ruled that a taxpayer has a right to conduct an examination of IRS officials regarding their reasons for issuing a summons.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Trump Budget Proposes Giving The IRS New Authority

    President Trump's first budget proposal provided no new information on tax reform, but included three narrow tax proposals to strengthen IRS enforcement.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Global Dynamism Index Helps Companies Avoid Costly Mistakes

    New market entry decisions are some of the toughest any business owner has to make. Lack of familiarity with a region or inexperience conducting business overseas can hamper the process of expansion before it gets started.
    CanadaInternational Law
    Grant Thornton
    Grant Thornton
  • Article

    Discoverability Provisions Extend Limitation Periods In Professional Liability Actions

    Discoverability Provisions Extend Limitation Periods In Professional Liability Actions.
    CanadaAccounting and Audit
    Gowling WLG
    Gowling WLG
  • Article

    The Importance Of Culture

    Organisational culture is a double-edged sword. Firms with good organisational culture reap numerous benefits including improved business reputation and customer satisfaction.
    GuernseyCorporate/Commercial Law
    Grant Thornton
    Grant Thornton
  • Showing 681–700 of 2517 results

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