The Third Circuit Court of Appeals has affirmed the Tax Court on an appeal arising out of nine consolidated cases regarding the tax implications of an S Corporation’s election to treat its subsidiary ...

Hey you. Yeah, you. Mr. Budding Tax Advisor. 2016 is going to be your year. This is the year you finally liberate the dust from those eight volumes of Code and Regulations that have served as little ...

The Third Circuit affirmed the Tax Court’s opinion that an S corporation’s election to treat its wholly owned subsidiary as a qualified subchapter S subsidiary (QSub) did not create an item of income ...

The Tax Court denied a taxpayer’s claim that the interest expense deduction for IRC § 265 qualified tax-exempt obligations (QTEOs) held by a qualified subchapter S subsidiary (QSub) bank is exempt ...

Tough day today. Your son got suspended for hosting an underground craps game at recess. Your husband spent the money you set aside for health insurance on magic beans. And you just wasted 45 ...

Magico's new QSub-18 and QSub-15 subwoofers feature 8,000W amplifiers and 136dB SPL at 20Hz. They promise to redefine the very experience of low frequencies. At 570lbs and $36,000 the QSub-18 should.

The IRS recently issued Revenue Procedure 2022-19 (“Rev. Proc. 2022-19” or “the Revenue Procedure”), offering taxpayers clarification and new simplified procedures for resolving certain issues related ...

In a decision issued last week, the U.S. Court of Appeals for the Third Circuit held that a debtor’s qualified subchapter S subsidiary (QSub) status is not property of the bankruptcy estate. The Third ...