- Fargo v. Commissioner illustrates the principal lesson that all facts and evidence presented are considered in the evaluation of whether or not a taxpayer holds real estate in the ordinary course of business.
- When a taxpayer sells an asset, generally, a gain is recognized to the extent the proceeds from the sale exceed the taxpayer’s basis in the asset. While in some circumstances this is an easy rule to implement, determining the proper basis of the asset sold is often difficult. The ruling in David C. Costello, et ux. v. Commissioner clarified the process.
- Corporations considering spin-offs to form REITs and operating REITs should be familiar with important developments resulting from the recently passed tax extenders legislation.
- Effective succession planning: dynamics, barriers, and success strategies - Baker Tilly presents succession planning basics, selling your business, and ownership transition
- The proposed Cybersecurity Disclosure Act of 2015 has provoked discussion about the role of the Board of Directors in cybersecurity oversight and board member knowledge and awareness of an organization’s cybersecurity management program. Baker Tilly outlines the potential impacts to boards and what’s important to know now.
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