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September 2019

Capital Gains Indexing, Payroll Tax Cuts

President Trump recently walked back consideration of capital gains indexing and a payroll tax cut, Read more [...]

LB&I Withdraws Guidance on Cost-Sharing Arrangement Stock Based Compensation

The IRS Large Business and International Division (LB&I) has withdrawn its directive to examiners Read more [...]

Proposed Regulations Classify Cloud and Digital Content Transactions

Transactions involving digital content and cloud computing have become common due to the growth of electronic Read more [...]

Final Regs Tweak Safe Harbor for Partnership Allocations of Creditable Foreign Tax Expenditures

The IRS has adopted final regulations with respect to the allocation by a partnership of foreign income Read more [...]

Nondiscrimination Relief for Closed Defined Benefit Plans Extended Again

The temporary nondiscrimination relief for closed defined benefit plans provided in Notice 2014-5, Read more [...]

Proposed Regulations Update Fleet-Average, Vehicle Cents-Per-Mile Valuation Rules

Proposed regulations increase a vehicle’s maximum value for eligibility to use the fleet-average valuation Read more [...]

Eligible Partnerships Granted Extension to File Form 1065 and Schedules K-1

The IRS has granted a six-month extension to eligible partnerships to file a superseding Form 1065, Read more [...]

100 Percent Bonus Depreciation Guidance for Certain Tax Years Allows Late Elections, Revocations

Bonus depreciation guidance that applies to property acquired after September 27, 2017, in a tax year Read more [...]

Top Senate Tax Writers Release First Round of Bipartisan Reports Examining Tax Extenders

The Senate’s top tax writers have released the first round of bipartisan task force reports examining Read more [...]

August 2019

Proposed Exception to MEP Unified Plan Rule

Proposed regulations would provide an exception to the unified plan rule for multiple employer plans Read more [...]

Proposed Regulations Address PFIC Rules

The Treasury and IRS have issued proposed regulations on provisions dealing with passive foreign investment Read more [...]

Continuity Safe Harbor Deadlines for Energy Credit Facility Construction May Be Tolled for National Security Delays

The continuity safe harbor placed-in-service date deadlines for the investment tax energy credit (Code Read more [...]

Preventive Care High Deductible Health Plan Exceptions Expanded for Chronic Conditions

Effective July 17, 2019, the list of preventive care benefits that can be provided by a high deductible Read more [...]

Final Regs Dealing With Lessees Claiming Investment Credit Disallow Basis Increases for Partners and S Shareholders Making Income Inclusions

IRS final regulations provide rules that apply when the lessor of investment tax credit property elects Read more [...]

Final Regulations Allow Truncated TINs on Forms W-2 Furnished to Employees

Final regulations allow employers to voluntarily truncate employees’ social security numbers (SSNs) Read more [...]

Final Regulations Clarify Employment Tax Treatment of Partners in Partnership That Owns Disregarded Entity

The IRS has released final regulations that clarify the employment tax treatment of partners in a partnership Read more [...]

House Approves Bipartisan Repeal of ACA’s “Cadillac” Tax

The House has approved a bipartisan repeal of the Affordable Care Act’s (ACA) so-called "Cadillac"excise Read more [...]

Trump Signs Bipartisan IRS Reform Legislation Into Law

On July 1, President Trump signed into law a sweeping, bipartisan IRS reform bill called the Taxpayer Read more [...]

July 2019

Bipartisan IRS Reform Bill

The Senate has approved a bipartisan IRS reform bill, which now heads to President Trump’s desk. Trump Read more [...]

Proposed Rules Explain 199A Deduction for Cooperatives and Patrons

Taxpayers may rely on two new pieces of IRS guidance for applying the Code Sec. 199A deduction Read more [...]

Final Rules Limit Charitable Contributions Made for SALT Credits

The IRS has issued final regulations that require taxpayers to reduce the amount any charitable contribution Read more [...]

Final and Proposed Regs on GILTI-Related Matters

Final regulations address the global intangible low-taxed income (GILTI) provisions of Code Sec. Read more [...]

Temporary Regulations Limit Application of Participation DRD To Prevent Tax Avoidance

Newly issued temporary regulations limit the application of the Code Sec. 245A participation Read more [...]

Final Regulations Reduce Section 956 Income Inclusions by Domestic Corporations Owning CFC Stock

Final regulations reduce the Code Sec. 956 amount for certain domestic corporations that own Read more [...]

Employers Can Offer HRAs Integrated with Individual Coverage

Final rules allow employers to use health reimbursement arrangements (HRAs) to reimburse employees for Read more [...]
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