ABA Tax Meeting: Lawyer Says Wait to See if IRS Alters View of Reportable Transactions
Despite encouraging signs from the U.S. Supreme Court in a remanded federal case over tax penalty exams, clients shouldn’t expect …
Parent of US Retailer Timberland Required to Recognize Income on Constructively Transferred Intangibles
The U.S. Tax Court has held that TBL Licensing LLC was required to recognize ordinary income when it constructively transferred …
Rep. Pascrell challenges massive college football head coach contracts
Letter to USC President House Ways and Means Oversight Subcommittee Chair Bill Pascrell (D-NJ) sent letters to the presidents of …
IRS Announces Opening Date of Filing Season for Business Returns
In a Quick Alert for Tax Professionals, the IRS has announced the beginning of the 2022 filing season for Modernized …
Tax Policy Q&A with EY’s Kate Barton
As global vice chair for tax at Ernst & Young, Kate Barton oversees the entirety of the accounting giant’s tax …
Key Tax Provision Changes to Remember Entering 2022
Before the new year, taxpayers and tax practitioners should plan for various changes affecting employment tax compliance, the Affordable Healthcare …
IRS Issues Guidance on the Retroactive Termination of the ERC
The IRS has issued guidance for employers on the retroactive termination of the Employee Retention Credit (ERC). The ERC was …
Senate Bill Aims to Reform Donor Advised Funds
Tim Shaw Editor, Federal Tax Update The Accelerating Charitable Efforts (ACE) Act (S. 1981), a Senate bill introduced by Sen. Angus King …
IRS Provides Guidance on Tax Treatment and Information Reporting of HAF Payments
The IRS has provided guidance on the federal tax treatment and information reporting requirements for payments made to, or on …
Pelosi Adds Back Paid Leave and Increased Salt Deduction to Build Back Better Bill
Speaker of the House Nancy Pelosi, D-Calif., on November 3 added paid family and medical leave back into the $1.75 …