Big Four Firms, AICPA Report Lobbying on Federal Contractor Conflicts Bill
A bill to implement new conflict-of-interest safeguards for federal contracting drew the attention of lobbyists at the AICPA and three …
Tax Court Orders IRS to Produce Unredacted Record in Whistleblower Suit
The U.S. Tax Court ordered the IRS to file unredacted copies of a taxpayer’s returns in a whistleblower case. The …
Scholars Differ on Possible Impact of High Court’s EPA Ruling
Following the Supreme Court’s ruling that U.S. government agencies can’t impose sweeping policy-driven regulations without explicit congressional approval, law professors …
Procedures for Change to Taxable-Substance List Issued
The IRS has issued procedures for additions to and removals from the list of substances subject to Superfund chemical taxes. …
IRS Collected Over $245 Million in 2021 Via Whistleblower Tips
The IRS collected more than $245 million as a result of whistleblowers’ tips, for which it made 179 awards totaling …
Return of Superfund Excise Taxes Will Burden US Companies, Experts Say
Two reinstated excise taxes on the chemical industry are likely to create significant compliance challenges, to the detriment of U.S. …
Path Clearer to Finalizing Global Tax Deal, Yellen Tells Lawmakers
Poland is expected to drop its opposition to a global minimum tax on multinational corporations, clearing the way toward finalizing …
Chief Counsel Discusses Allocating Deferred Compensation Expense When Calculating FDII
In a Legal Advice, Chief Counsel discusses how to allocate and apportion deferred compensation expense relating to services provided before …
Planning Around Major Changes to the Foreign Tax Credit
By Patricia Brandstetter and Jonathan D. Grossberg Final regulations, issued December 28, 2021 (TD 9959), significantly change longstanding principles for …
ABA Tax Section Hosts Key Meeting May 12-14
The American Bar Association’s Section of Taxation will host its annual May meeting in Washington, D.C., this week, and Checkpoint …