Taxpayers often use entities characterized as partnerships for federal income tax purposes to conduct their business activities. In addition to offering limited liability (e.g., limited liability ...

In tax controversy and litigation matters, sometimes procedure trumps the merits. The statute of limitations is a great example. Even if the taxpayer made a mistake on a prior year return, the IRS ...

The British Bankers’ Association (BBA) annual conference took place at the Guildhall yesterday. Here are some of the highlights: • BBA chief executive Angela Knight (pictured, bottom right) said that ...