Economic performance measures how well an economy is doing, influencing jobs, incomes, and taxes. Understanding...
A dual-status alien is someone who is both a resident and non-resident alien for U.S. tax purposes in...
The Doctrine of Economic Substance is a tax law principle ensuring that transactions have a genuine business...
A deficiency dividend is a special payout by Real Estate Investment Trusts (REITs) or Regulated Investment...
The De Minimis Safe Harbor allows businesses and individuals to immediately deduct low-cost items for...
In tax-free exchanges such as 1031 exchanges, "boot" refers to any non-like-kind property or cash received...
Badges of Fraud are specific signs the IRS looks for to identify potential intentional tax evasion. Recognizing...
The Applicable Federal Rate (AFR) sets minimum IRS interest rates on certain loans to prevent disguised...
A Revenue Agent Report (RAR) is an official IRS document issued after an audit that details any proposed...
The Treasury Offset Program (TOP) is a federal system that intercepts certain government payments, such...