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Lesson From The Tax Court: The Reduce-To-Basis Rule For §170 Deductions

(TaxProf Blog) - Basis is probably the most important concept I teach in my intro income tax course. I like thinking of basis as the tax history of a piece of property. It tracks what ought not to be taxed upon eventual sale or exchange of that property


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This Meeting Should Have Been an Email: 5 Steps to Improve Workplace Communication  
(PC Mag) - Your mode of communication is just as important as the message. Rethinking how you communicate at work can lead to vastly better results.

UK’s New Finance Minister Scraps Almost All Planned Tax Cuts in Bid to Appease Markets 
(CNBC) - The major U-turn includes scrapping the cut for the lowest rate of income tax from 20% to 19%, as well as reductions to dividend tax rates, the reversal of off-payroll working reforms, VAT claim-backs for tourists and the freeze on alcohol duty rates.

IRS Extends Transition Period for Enhanced R&D Tax Credit Reporting Requirements  
(Accounting Today) - The Internal Revenue Service recently set forth administrative guidance indicating it is extending the transition period during which taxpayers are required to adhere to the much more arduous and onerous R&D tax credit reporting requirements

Fed's Bullard Says Boost to Dollar from Interest Rate Hikes May Ease 
(Reuters) - The Federal Reserve's rapid interest rate increases have contributed to the strength of the dollar against other currencies, but that may ease once the U.S. central bank reaches the point of pausing the hikes

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