By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
employee benefits & pensions
January 2025 - The Tax Adviser
REAL ESTATE
Seller beware: Repossessions in real estate installment transactions
Sellers financing a sale of real property are subject to gain recognition under Sec. 1038 if they repossess the property upon the buyer’s default.
TAX CLINIC
expenses & deductions
FOREIGN INCOME & TAXPAYERS
PRACTICE & PROCEDURES
COLUMNS
PRACTICE MANAGEMENT
2024 tax software survey
To get through the rigors of tax season, CPAs depend on their tax preparation software. Here's how they rate the leading professional products.
