The Tax Adviser

Condo casualty losses: Deductions for common-interest property

When disaster strikes a condominium or planned community, owners often pay for common-area repairs — but don’t always get the ...
The Tax Adviser

The end of deferral: Calculating QOZ gain recognition on Dec. 31, 2026

A critical milestone in the qualified opportunity zone program looms, and understanding how to calculate the required ...
The Tax Adviser

Fuel tax expirations and new refund provisions require IRS guidance and improved administration

With major fuel tax provisions expiring, the upcoming change to electronic payments, refunds for federal excise taxes, and ...
The Tax Adviser

VAT challenges in AI product development

Artificial intelligence may incrementally become a product’s component until it crosses a threshold into being a digital ...
The Tax Adviser

‘Stacking’ charitable contributions up to the 60% limit

The OBBBA sought to clarify AGI‑based charitable contribution deduction limits but instead added uncertainty over how those ...
The Tax Adviser

The historical shift in transfer pricing penalty enforcement

Editor: Mary Van Leuven, J.D., LL.M. The IRS’s enforcement of transfer pricing penalties has undergone a marked transformation in recent years. Historically, the assertion and sustenance of penalties ...
The Tax Adviser

February 2026 - The Tax Adviser

Just as for other businesses, tax considerations come to the fore when CPA practices combine. This article delves into some of the possible entity deal structures for CPA firm mergers and acquisitions ...
The Tax Adviser

A case study on ILITs: What went wrong, how to fix it, and best practices for prevention

Editor: Mo Bell-Jacobs, J.D. Irrevocable life insurance trusts (ILITs) continue to be a cornerstone of estate planning for many clients. Advisers often recommend ILITs to accomplish key objectives: ...
The Tax Adviser

Considerations for intergenerational split-dollar arrangements

Though the lifetime estate tax exemption remains historically high at $15 million, 1 advisers still encounter many households whose estates will face a large estate tax liability despite their best ...
The Tax Adviser

Sec. 174: The OBBBA and growing state tax disconformity

As applicable to costs incurred in years beginning prior to 2022, Sec. 174 provided that research or experimental (R&E) expenditures could generally be fully expensed or, at the election of the ...
The Tax Adviser

Navigating the Form 1099-DA reporting maze

In 2021, Congress enacted the Infrastructure Investment and Jobs Act (IIJA), P.L. 117-58, which requires brokers to report digital asset transactions to the IRS and taxpayers. In enacting the IIJA, ...
The Tax Adviser

CPA firm M&A tax issues

Consolidation of CPA firms continues to advance at a steady pace. Advisers and consultants often play a key role in locating acquisition or merger targets, facilitating discussions and negotiations, ...