The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Is the IRS Targeting Partnerships?

Audits of partnerships rose in 2015 as the IRS shifted agents away from C corporations and toward pass-through entities, according to a recent enforcement report. In addition, Congress has enacted legislation that will revise the audit rules for partnerships. The new rules may be complex, but one thing is certain: Partnerships and other types of pass-through entities will likely face higher audit risks in the coming years.

Read on CBD Spotlight >

Is the IRS Targeting Partnerships?

Audits of partnerships rose in 2015 as the IRS shifted agents away from C corporations and toward pass-through entities, according to a recent enforcement report. In addition, Congress has enacted legislation that will revise the audit rules for partnerships. The new rules may be complex, but one thing is certain: Partnerships and other types of pass-through entities will likely face higher audit risks in the coming years.

Read on CBD Spotlight >

How to Claim Lesser-Known Breaks for Business Charitable Donations

Recent legislation has made permanent some lesser-known tax breaks for charitable donations made by businesses, such as food inventory donations and qualified conservation contributions of real property interests. The resurrection of these tax breaks was also retroactive, so your company’s 2015 tax return may be affected. Here are the details about these tax-saving opportunities.

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Green Tax Breaks for Individuals

Recent legislation extends the personal income tax credits for certain energy-efficient home improvements and equipment purchases, as well as purchases of qualifying electric vehicles. So, these eco-friendly expenditures can save both energy and taxes. Here are the ins and outs about which costs qualify and how to claim these federal tax credits.

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