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TAX CLINIC
Practical advice on current issues.
Editor:
Susan Minasian Grais, CPA, J.D., In This Department
LL.M.
CORPORATIONS & LEGISLATION
SHAREHOLDERS The Inflation Reduction Act’s
Inflation Reduction Act includes energy- and climate-related tax
15% corporate minimum tax on provisions; p. 17.
book income; p. 7.
PROCEDURE &
EXEMPT ORGANIZATIONS ADMINISTRATION
Private foundations’ distributions to Proposed regs. address
and from nonpublic charities; p. 11. IRS Appeals’ review of tax
controversies; p. 21.
Supporting organization loses
tax-exempt status; p. 14.
FOREIGN INCOME &
TAXPAYERS
Sec. 987 foreign currency
regulations applicability date
extended again; p. 16.
Contributors are members of or
associated with Ernst & Young LLP.
For additional information about IMAGE BY PIXEL_DREAMS/ISTOCK
these items, contact Ms. Grais at
202-327-8788 or
susan.grais@ey.com.
6 January 2023 The Tax Adviser
