A quarterly magazine from the National Association of Enrolled Agents
Fall 2026 vol.44 no.3
The Tax Risk Hiding in “Due From”
Feature Article

The Tax Risk Hiding in “Due From”

How informal owner advances and related-party transfers become tax problems. Most closely held business owners do not call their enrolled agent before moving money. They transfer funds... Alexander Jones, EA

Fall 2026, Feature Article, §482, §6001, applicable federal rate, AFR, related-party, §7872, family-owned business, audit, closely held business, fair market value, §162
Ethical Issues to Consider in Recent Tax News
Tax News Briefs

Ethical Issues to Consider in Recent Tax News

More Options to Correct Returns Electronically The Internal Revenue Service (IRS) has announced that more forms can now be amended electronically. These include people filing corrections to the Form 1040-N... TheTaxBook

Sept/Oct 2022, Tax News Briefs, §262, Revenue Procedure 2022-32, estate, Form 1040-SS, Revenue Procedure 2022-1, Schedule C, Form 1040-PR, Form 706, Form 1040, Form 1040-SR, §6511(a), Form 1040-X, §10.37(a), §162, §10.21, §6694(a)(2), Form 1040-NR, portability, §6694(b)(2), estate planning, spouse, business expense, DSUE, decedent’s spousal unused exclusion, IRC §162(a), decedent, ethics
Demystifying the Code: Chapter One
Tax Code

Demystifying the Code: Chapter One

In an earlier part of my life, I taught basic income tax as a law school course to hundreds of students, many of whom would prefer to read anything other than a statute. You may agree with the students. Ta... Donna M. Byrne, EA, JD, NTPI Fellow®

Jan/Feb 2022, Tax Code, §1031, Internal Revenue Code, §71, credit, §72(a), the Code, §74, §280E, §102, §139, §280A, IRC, §61, §32 credit, inclusion, §121, exclusion, §162