Tax publications
Tax professionals in Grant Thornton's Washington National Tax Office and in local offices across the country publish in leading tax journals and offer tax thought leadership in webcasts and seminars. Read our Tax Hot Topics newsletter and browse through our federal Tax Flashes and state and local Tax Alerts to learn more.
District Court rules litigation expenses must be capitalized
A district court in Kansas has concluded in Ash Grove Cement Co, et al. v. U.S. that a taxpayer’s litigation expenses arose from the acquisition of a business and were nondeductible capital expenses.
Tax Court rules unrecognized gain from QSUB election does not adjust shareholder basis
The Tax Court has ruled in R. Ball for R Ball III by Appt. v. Commissioner that shareholders in an S corporation improperly adjusted the basis of their S corporation stock upon an election to treat the S corporation’s wholly owned subsidiary as a qualified subchapter S subsidiary (QSUB).
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67% of businesses would not locate to another country for corporate tax rate reduction
A survey of more than 3,400 businesses in 44 economies finds that 67% would not relocate their business to another country for any level of reduction in their corporate tax rate.
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To make the right choices for your business, you need the latest information on a wide range of tax issues, e.g., IRS rulings, litigation, and state, local and international tax news.
