IRS Launches Criminal Investigation into Abusive Malta Pension Plans
The IRS’ crackdown on a tax scheme involving Maltese pension plans has taken a turn as the agency’s Criminal Investigation …
Senate Budget Committee Hears From Experts on Preserving Social Security
Government and policy group officials testified before the Senate Budget Committee to address the looming threat of potential Social Security …
IRS Finalizes 2020 Proposed Consolidated NOL Carryback Regs
The IRS has finalized proposed regs it issued in 2020 that provided rules for consolidated net operating loss carrybacks. The final …
IRS Releases Updated Publication on Establishing Reasonable Cause for Missing and Incorrect Taxpayer Identification Numbers
The IRS has updated IRS Publication 1586 (Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs). The publication was last updated in July …
IRS Details Roadmap for Qualifying Advanced Energy Project Credits
The IRS reminded taxpayers of important upcoming dates and eligibility requirements for the Qualifying Advanced Energy Project Credit Allocation Program …
Crypto Exchange On the Hook to Comply With IRS Summons, Court Orders
A crypto exchange platform must supply the IRS with summonsed identifying and transaction information about certain customers in connection with …
Reminder: Time Is Running Out for Taxpayers to Claim 2019 Refunds
Time is running out for taxpayers to claim a 2019 refund, according to an IRS News Release. Taxpayers owed a …
Senators Seek Guidance on Fannie Mae, Freddie Mac Tax Status
A bipartisan group of senators are requesting written U.S. Treasury guidance clarifying that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie …
Additional IBOR Interest Rate Replacement Regs Issued
The IRS has issued final regs that provide guidance on the transition away from the use of interbank offer rates …
Seaview Trading, A Cautionary Tale
By Jonathan D. Grossberg In Seaview Trading, LLC v. Comm., (CA 9 2023) 31 AFTR 2d ¶2023-476, the en banc Ninth Circuit …