By: Amanda Wilson In the 1990s, Treasury issued proposed regulations under Regulation Section 1.337(d)-3 commonly known as the "May Company" regulations. These proposed regulations dealt with situations in which a partnership owned stock of a...

By: Amanda Wilson If you are about to file a Form 3115 requesting a change in accounting method, you should be aware that the IRS released new guidance yesterday in the form of Revenue Procedure 2015-33. This new revenue procedure modifies the...

By: Amanda Wilson In order to qualify for the tax advantages available for real estate investment trusts ("REITs"), the majority of a REIT's assets must qualify as "real property". As the areas that REITs are investing in continue to grow, we are...

By: Amanda Wilson The IRS announced yesterday that criminals had used the "get transcript" application on its website to gain access to the tax information of approximately 100,000 taxpayers. The IRS has temporarily shutdown this application as it...