Income Splitting Barred to California Registered Domestic Partner
In a 2006 legal memorandum, the IRS concluded that the community property income-splitting rule allowed to California spouses does not apply to registered domestic partners, despite the California law...
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Service Tax on Renting of Residential Property- Mixed Use
Dinesh Kumar Agrawal, IRS asked: Service tax on renting – Mixed use of propertyByDinesh Kumar Agrawal, Grad. CWA, ACA(Former Assistant Commissioner of Excise and Customs)Recently service tax has been...
View ArticleTaxing Amazon.com Complicated by Tangled Forest of Tax Laws
Should states be able to collect state sales tax on internet purchases and catalogue sales that cross state lines? That’s the issue that’s currently confronting state governments around the country...
View ArticleTax Treatment Of Investment Advisory Costs
The IRS provided interim guidance with regard to the application of the 2-percent floor under Internal Revenue Code section 67 to certain investment advisory fees. Specifically, the IRS notice provides...
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