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September 2018

IRS Releases Guidance for Section 199A Pass-Through Deduction

The IRS has released long-awaited guidance on new Code Sec. 199A, commonly known as the "pass-through Read more [...]

Proposed Regs on Pass-Through Deduction Generate Mixed Reviews

The IRS’s proposed pass-through deduction regulations are generating mixed reactions on Capitol Read more [...]

Brady Unveils Tax Reform 2.0 Framework

The House’s top tax writer has unveiled Republicans’ "Tax Reform 2.0" framework. The framework Read more [...]

Senate Panel Examines IRS Administration; Congress Works Toward Bipartisan IRS Reform

The IRS faces numerous challenges, most of which are attributable to funding cuts, the National Taxpayer Read more [...]

Senate GOP Tax Writers Clarify Intent on Certain Tax Reform Provisions

Senate Finance Committee (SFC) Republicans are clarifying congressional intent of certain tax reform Read more [...]

AICPA: Immediate Guidance Needed on S Corporation Issues

Taxpayers and practitioners need clarity on certain S corporation issues by next tax filing season, Read more [...]

August 2018

Senate Finance Committee Approves IRS Commissioner Nominee

The Senate Finance Committee (SFC) advanced President Donald Trump’s nomination of Charles Rettig Read more [...]

Trump, House GOP Lawmakers Discuss Tax Cuts 2.0

President Donald Trump and House GOP tax writers discussed "Tax Cuts 2.0" in a July 17 meeting Read more [...]

Ways and Means GOP, White House Crafting Tax Cut 2.0 Outline

House Republicans and the Trump Administration are working together to craft a tax cut "2.0"outline, Read more [...]

Wyden Report Critiques GOP’s Tax Reform

The Senate Finance Committee’s (SFC) leading Democrat has released a report critiquing Republicans’ Read more [...]

Tax Reform Hurts Homeowners, House Democratic Report Says

Homeowners will be hurt financially by last year’s tax reform, according to a new House Democratic Read more [...]

Final Regulations Target Tax-Motivated Inversion Transactions

The IRS has issued final regulations that target tax-motivated inversion transactions and certain Read more [...]

Tax Preparer’s Obstruction Conviction Vacated

The Fifth Circuit vacated a tax preparer’s conviction for obstructing tax administration. The conviction Read more [...]

National Taxpayer Advocate Releases Mid-Year Report

National Taxpayer Advocate Nina E. Olson has released her mid-year report to Congress. The report Read more [...]

July 2018

June 2018

Section 199A Passthrough Guidance Expected in July, Kautter Says

The IRS expects to issue guidance on the Code Sec. 199A passthrough deduction in July, Acting IRS Commissioner Read more [...]

Focus Remains on Tax Reform

Congressional lawmakers on Capitol Hill continue to focus on tax reform. Republicans and Democrats alike Read more [...]

Regs Clarified In Response to Suit Over ACA Emergency Services Rules

The Treasury Department and the IRS, along with the Department of Labor and the Department of Health Read more [...]

IRS Outlines New Five-Year Strategic Plan

The IRS has issued a new five-year strategic plan to guide its programs and operations and to help meet Read more [...]

LB&I Rolls Out Additional Issue-Based Compliance Campaigns

The IRS Large Business and International (LB&I) Division has identified and selected six additional compliance Read more [...]

Life Insurance Transfer Transition Guidance Planned

The IRS intends to provide guidance on the new information reporting obligations for certain life insurance Read more [...]

May 2018

White House Remains Focused on Tax Reform – Phase Two

The White House and Republican lawmakers are continuing discussions focused on a second round of tax Read more [...]

IRS Chief Outlines Tax Reform Implementation

The IRS is already working on implementing tax reform, according to IRS Acting Commissioner David Kautter. Read more [...]

New Law Clarifies Partnership Audit Rules

Technical corrections to the partnership audit rules were included in the bipartisan Consolidated Appropriations Read more [...]
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