A recent Tax Court decision underscores the potential value to taxpayers in reexamining the manner in which they have identified “land improvements” and whether a shorter depreciable life is approp
In Robinson Knife Manufacturing Co., Inc. v.
Revenue Procedure 2010-20 provides guidance on a technical issue of profound interest to the electric utility industry, but does so in a manner that should interest any taxpayer receiving a non-sha
The IRS announced today that it is contemplating dramatic steps to increase the transparency of corporate tax returns.
In Robinson Knife Manufacturing Company, Inc. v. Commissioner, T.C.
The Internal Revenue Service has issued a technical advice memorandum narrowly construing a consolidated group’s ability to defer income from gift card sales.
In Rev. Proc. 2008-52, 2008-36 I.R.B. (Aug.
The ability to exclude various receipts from gross income as non-shareholder contributions to capital under section 118(a) of the Internal Revenue Code remains a source of considerable controversy.
Treasury and the IRS have re-proposed regulations governing the application of section 263(a) to costs incurred to acquire, produce, or improve real or personal tangible property (the so-called "ta
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