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RECENT TAX COURT CASES SERVE AS REMINDER OF TAX RISKS OF SHAREHOLDER GUARANTEES OF LOANS TO S CORPORATIONS

By: Ralph LevyTwo recent Tax Court cases are reminders that shareholder guarantees of loans to an S corporation do not generally create basis that can be used by the shareholder to deduct losses.  Under Internal Revenue...

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IRS Will Not Require Response to Qualifying Health Coverage Line on 2016 Form 1040 Filings

By: Jordan Schreier Individuals completing their 2016 IRS Form 1040s will recognize the question asking if they, their spouses and dependents had qualifying health care coverage in 2016 (Form 1040 line 61, Form 1040A line...

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Tax Blog is published by Dickinson Wright PLLC to inform the public of important developments within the firm and practice areas. The content is informational only and does not constitute legal or professional advice. We encourage you to consult a Dickinson Wright attorney if you have specific questions or concerns relating to any of the topics covered in this blog.

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