Federal Circuit upholds denial of fuel producer’s $300 million refund claim
Sunoco, Inc. v. U.S. (CA Fed Cir 11/1/2018) 122 AFTR 2d ¶2018-5389 The Court of Appeals for the Federal Circuit, affirming …
CRS report highlights expired and expiring tax “extender” provisions
Congressional Research Service report—Tax Provisions That Expired in 2017 The Congressional Research Service (CRS) has updated a report on the …
Connect with Thomson Reuters at Oracle OpenWorld 2018
Thomson Reuters is pleased to be a Bronze Level Sponsor at Oracle OpenWorld 2018 in San Francisco, Oct. 22-25. Our …
IRS reminds certain entities seeking 2018 QI/WP/WT agreements to apply by Nov. 16
Qualified Intermediaries News, Issue Number: 2018-13 (Oct. 17, 2018) In a recent edition of “Qualified Intermediaries News,” IRS issued a …
Key 2019 individual tax items as calculated by Thomson Reuters Checkpoint based on inflation data
The income tax brackets, standard deduction amounts, and many other tax items are adjusted annually for cost-of-living increases. These adjustments …
Electronic auction system for partnership interests will be qualified matching service
PLR 201840006 In a private letter ruling (PLR), IRS has determined that a platform operated by a corporation, which will …
Simplified per-diem rates increase for post-Sept. 30, 2018 business travel
Notice 2018-77, 2018-42 IRB IRS has issued a new notice carrying the “high-low” simplified per-diem rates for post-Sept. 30, 2018 …
IRS considering guidance on Section 355(b) active trade or business requirement
IRS Statement on Trade or Business Requirement IRS has issued a statement indicating that it is contemplating issuing guidance on …
Proposed reliance regs would remove Code Sec. 385 documentation requirements
Proposed Removal of Section 385 Documentation Regulations Preamble to Prop Reg REG-130244-17; Prop Reg § 1.385-1, Prop Reg § 1.385-2 [Removing Reg. § 1.385-2], Prop Reg § …
IRS delays effective date of certain dividend equivalent regs & extends phase-in relief
Notice 2018-72, 2018-40 IRB In a Notice (the New Notice), IRS has announced that it intends to amend the final …