Auditing and Tax Do Not Play Well Together

Updated Feb. 8, 2023

Recent news reports have disclosed the accounting firm Ernst & Young’s (EY) purported plan to separate its consulting business from its global audit practice. (Mark Maurer and Jean Eaglesham, “Accounting Firm…

Federal Income Tax Treatment of The Sale of A Partnership Interest By A Nonresident Of the U.S.

In Rawat (Rawat v. Commissioner, T.C. Memo 2023–14, Tax Court Judge David Gustafson, who also authored the opinion in Grecian Magnesite (Grecian Magnesite Mining…