Page 111 - TaxAdviser_2022

Volume 53, Number 3 March 2022

20 Tax issues that arise when a TAX CLINIC
shareholder or partner dies

By Carol Warley, Ed Decker, Nick Passini, Mike Laier, Brittany Pierson, Rebecca Warren, 10 common Form 709 mistakes .......7
and Michael Reeves Analyzing the difference
between tax payments and
The death of a passthrough entity owner can have significant tax implications
deposits .............................................9
both at the entity and the individual level. This article discusses what partner-
LB&I provides insight into Sec.
ships, S corporations, and their owners need to know to manage the tax risks that 263A computations for resellers .... 15
arise when an individual partner or shareholder dies.
28 Current developments in taxation DEPARTMENTS
of individuals STATE & LOCAL TAXES ................ 38

By David R. Baldwin, Katie Bowles, Christina Figueroa, Mary Kay Foss, Shannon TAX PRACTICE MANAGEMENT .. 44
Hudson, David H. Kirk, Michael Levy, Dana McCartney, Darren Neuschwander, and
Robert Tobey PERSONAL FINANCIAL
PLANNING .................................... 48
This semiannual update covers recent federal tax developments involving in-
dividuals. Written by members of the AICPA’s Individual & Self-Employed CASE STUDY ................................ 52
Tax Technical Resource Panel, the update highlights noteworthy IRS guidance TAX TRENDS ................................. 56
and decisions of the Tax Court and other courts, as well as tax changes made by
Tax News
legislation.
For the latest tax news, visit
On the cover: Image by markOfshell/iStock; above, image by Fugacar/iStock TheTaxAdviser.com.

2 March 2022 The Tax Adviser