Page 49 - TaxAdviser_2022
P. 49
Volume 53, Number 2 February 2022
TAX CLINIC
Shareholder’s forgiveness of
insolvent corporation’s debt .............7
Research credit refund claims:
New documentation
requirements .....................................9
The research credit: Using
statistical sampling ........................ 11
Tax credit did not
independently arise under
treaties ............................................ 15
Cancellation of debt of a
disregarded entity .......................... 16
Sec. 1202 definition of
brokerage services ........................ 19
Recent IRS guidance on
cryptoassets .................................. 20
Opportunities with residential
rental properties and
residential living facilities ............... 22
Reporting aspects of
Sec. 743(b) adjustments ................ 24
S corporation shareholder
recomputation of basis .................. 27
Limitations to state NOL usage ...... 29
Revenue recognition: Time to
implement the final regulations ...... 31
DEPARTMENTS
TAX PRACTICE
36 Current developments in partners and RESPONSIBILITIES ...................... 46
partnerships CAMPUS TO CLIENTS ................. 50
By Hughlene A. Burton CASE STUDY ................................ 54
This article reviews and analyzes recent rulings and other guidance involving TAX TRENDS ................................. 56
partnerships. The discussion covers developments in the taxation of partnerships and
partners, debt and income allocations, distributions, and basis adjustments. Tax News
For the latest tax news, visit
On the cover and above: Image by BiancaGrueneberg/iStock TheTaxAdviser.com.
2 February 2022 The Tax Adviser
