March 2015 - The Tax Adviser

This article covers recent developments affecting ­taxation of individuals, including regulations, cases, and IRS guidance.

This article discusses issues related to bonus liabilities of employers on the accrual method of accounting, when the bonuses are paid after the tax year in which the related services are performed by the eligible employee(s) but within 2½ months after the year end.

The OECD recently issued a report that includes proposed changes to the Model Tax Convention, which are intended to prevent treaty abuse, and commentary on the changes.