Feature Article 
Foreign Corporations, Form 5471, and the Perils of Offshore Noncompliance
Form 5471 is required to be filed by United States (U.S.) persons—citizens, resident aliens, domestic partnerships, and corporations, and certain estates and trusts—who are officers, directors, or 10... Manasa Nadig, EA
Spring 2026,
Feature Article,
Schedule I, §6038B(c), Form 926, Schedule Q, FMV, §318, Form 5471, Schedule R, Schedule F, Treas. Reg. §1.6046-1(i), Form 3520, §6677, Schedule B, §958(a), Form 3520-A, Raj J. Mukhi, Farhy v. Commissioner, §958(b), fair market value, §6038(c), Schedule G, Schedule A, FBAR, §6013, CDP, foreign corporation, Schedule C, Schedule H, §965, offshore noncompliance, GILTI, Schedule M, controlled foreign corporation, §6679, Schedule E, Schedule O, CFC, §6046, Form 8938, Schedule P
ICYMI
ICYMI
A roundup of recent discussions from the NAEA WebBoard. QUESTION #1: I have a client who rents out land for a solar farm. I read that a land rental cannot qualify for the qualified business income (QBI) deduction but am trying to find a ... Tynisa Gaines, EA, and Patrick D. Dimmitt, EA
Winter 2024,
ICYMI,
Reg. §1.1245-2(a)(4) a, §121, §25D(e)(8), §1016, s corporation, §1250(b)(3), Form 1120-S, Form 13844, Rev. Proc. 2019-38, rental, §121(d)(6), direct debit installment agreement, Reg. §1.199A-1(b)(14), QBI, Rev. Proc. 2002-69, Rev. Proc. 2013-30, DDIA, solar, partnership, Schedule SE, §357(c), QJV, Treas. Reg. §301.6221(b)-1, depreciation, Schedule F, §351, §4.02(6), Schedule C, §761(f)(2)(B), Form 8832, §5.02, Schedule K-1, Badaracco v. Commissioner, Reg. §1.351-3, §6221(b), §4.03, Reg. §1.469-2T(f)(3), §121(d)(10), LLC, §721, §167, §1.1250-3(a)(3), Form 1065, qualified joint venture, qualified business income