19) Thus, we urge the Treasury and IRS to establish a time limit and require taxpayers to review no more than, say, three prior taxable years
in order to identify and report whether they have engaged in "substantially similar" listed transactions undertaken prior to the date a transaction first becomes reportable.
They made estimated payments for any one of the preceding three taxable years
(or were assessed a penalty for failure to pay estimated tax with respect to those years).
Congress has authorized the Treasury to write regulations relating to short taxable years
, installment obligations with contingent payments, and pass-through entities.
Section 172 generally permits a net operating loss (NOL) of any year to be carried back two taxable years
and then carried forward 20 taxable years
482-1(j)(i) (effective "for taxable years
beginning after October 6, 1994"); Treas.
Income that is no longer deferred as a result of the short taxable year
resulting from these rules would be taken into account ratably over the first four taxable years
beginning after July 10, 1989.
The amended tax returns would be required to be filed for any affected taxable years
for which a tax return has been filed as of the date of the closing agreement.
on the basis of a taxable year
, for taxes levied on or after January 1, 2018; and
Effective for returns for taxable years
beginning after December 31, 2015, New York State C corporation returns will be due on the 15th day of the fourth month following the close of their taxable year
(April 15 for calendar year taxpayers).
This change to the understatement measurement is effective for taxable years
beginning on or after Jan.
In fact, Calata's annual income tax return for taxable years
2009 to 2010 revealed that he only paid an amount of P10,000 for each year and P100,000 for taxable year
2011, the BIR said in a statement.
Last Congress, bills were introduced in the House and Senate (S 2462 and HR 4006) that would allow start-up small partnerships and S corporations (that is, those with gross receipts less than $5 million) to elect taxable years
other than the calendar year (for example, a July 1 to June 30 taxable year