Current Articles

• Clergy Tax Benefits Under Fire
  By Chuck Woodson
  Section 107 of the Internal Revenue Code provides that a minister of the gospel’s gross income doesn’t include the rental value of a home (parsonage) provided; if the home itself isn’t provided, a […]
• Base Erosion And Profit Shifting(BEPS) – Organization For Economic Co-Operation And Development Public Discussion Draft
  By TaxConnections Admin
  Under the mandate of the Report on Actions 8-10 of the BEPS Action Plan (“Aligning Transfer Pricing Outcomes with Value Creation”), Working Party No. 6 (“WP6”) has produced a non-consensus discussion […]
• How Long Should You Hold On To Old Tax Records?
  By Chuck Woodson
  Generally, taxpayers should hold on to their tax records for at least 3 years after the due date of the return to which those records apply. However, if the original return was filed later than the […]
• Private Pass-Through Foundation Rules And The 50 Percent Contribution Deduction
  By IRS
  Contributions to a private nonoperating founda­tion may qualify for the benefit of the 50 percent contri­bution deduction limit, and donors may deduct the full value of appreciated property, if the […]
• More Amnesty In Wake Of Wayfair Decision
  By Monika Miles
  There always seems to be an amnesty program going on somewhere. We recently reported on an amnesty program in Texas and other states are jumping on the bandwagon as well. The recent Wayfair Supreme […]