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August 2018

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

Brady Expects “Phase Two” Tax Reform Outline by August

A "phase two" tax reform outline could be unveiled by House GOP tax writers by August. Republicans Read more [...]

Senate, House Lawmakers Introduce Bipartisan Historic Rehabilitation Credit Bill

A bipartisan group of House and Senate lawmakers have introduced companion Historic Rehabilitation Read more [...]

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 [...]

Mnuchin, Kautter Testify Before Senate Committee on Outdated IRS Technology

The IRS’s "Achilles’ heel" is using outdated software originating from the 1960s, Acting IRS Commissioner Read more [...]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 [...]

April 2018

Trump Signs Government Funding Bill; Tax Provisions Included

Just hours before government funding was set to expire, President Trump on March 23 signed the bipartisan Read more [...]

AICPA Renews Call for 199A Guidance

The American Institute of CPAs (AICPA) has renewed its call for immediate guidance on new Code Sec. Read more [...]

Trump, House Republicans Discussing Phase-Two of Tax Reform

A top House tax writer has confirmed that House Republicans and the Trump administration are working Read more [...]

House Lawmakers Examine Tax Extenders

The House Ways and Means Tax Policy Subcommittee held a March 14 hearing in which lawmakers and stakeholders Read more [...]

IRS Issues Guidance on Transition Tax Filing and Payment Requirements

The IRS has released Frequently Asked Questions (FAQs) to address a taxpayer’s filing obligations Read more [...]

Conviction for Obstructing Tax Administration Reversed

The U.S. Supreme Court reversed an individual’s conviction for obstructing tax law administration. Read more [...]

March 2018

Trump Signs Bipartisan Budget Act; Tax Extenders Included

President Trump on February 9 signed the Bipartisan Budget Act into law after a brief government Read more [...]

Treasury Moves To Repeal 298 Unnecessary, Obsolete Regulations

The Treasury Department has proposed repealing 298 regulations. According to the Treasury, the targeted Read more [...]

IRS Posts Best Practices For Individual Mandate

The IRS has posted best practices for return preparers addressing the Affordable Care Act’s individual Read more [...]

Additional Partnership Audit Regs Tackle Basis/Capital Accounts

New proposed regulations under the centralized partnership audit regime address how and when partnerships Read more [...]
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