Page 61 - TaxAdviser_Jan_Apr23_Neat

TAX CLINIC
Practical advice on current issues.
Editor:
Greg A. Fairbanks, J.D., LL.M.
Contributors are members of or
associated with Grant Thornton LLP.
For additional information
about these items, contact
Mr. Fairbanks at 202-521-1503
or greg.fairbanks@us.gt.com.
6 February 2023
In This Department
CORPORATIONS & S CORPORATIONS
SHAREHOLDERS IRS provides guidance on
Marrying ESG initiatives to perfecting S elections and QSub
business tax planning; p. 7. elections; p. 20.
EMPLOYEE BENEFITS & The ‘one class of stock’
PENSIONS requirement: An interesting letter
Early access to wages may ruling; p. 22.
require new employment tax
analyses; p. 9. STATE & LOCAL TAXES
Significant state conformity
GAINS & LOSSES issues for corporate taxpayers;
Determining gross receipts p. 24.
under Sec. 165(g)(3); p. 12.
Issues in allocating income
under Sec. 384; p. 14.
REAL ESTATE
Recent changes to the
Sec. 179D energy-efficient
commercial buildings deduction;
p. 17.
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The Tax Adviser