FAQs for Aliens Claiming Medical Condition Exceptions or Travel Exceptions to Substantial Presence Test
IRS has issued FAQs for nonresident aliens who wish to avail themselves of the Medical Condition Exception or the Medical …
Tax Court Cancels Sessions over COVID-19 Concerns
The Tax Court announced in a press release on March 11, 2020, that it is canceling 15 trial sessions that …
Thomson Reuters launches Virtual Currency organizer
The IRS, however, has been keenly aware of the obligations in this area and has recently raised its scrutiny and …
IRS Releases Proposed Reliance Regs on SALT Limitation Workarounds
The IRS has released proposed regs on how to treat contributions made to a charity in return for state and …
IRS Releases new Simplified Application for Central Withholding Agreements
The IRS has released a new simplified “central withholding agreement” application. The new form—Form 13930-A, Application for Central Withholding Agreement …
Homestead Exemption does not Allow Debtor to Avoid Tax Lien
The bankruptcy court has held that a debtor cannot avoid an IRS tax lien—even though the lien attaches to real …
Tax Court Holds Married Taxpayers’ Foreign Earned Income Exclusion Election Invalid
The Tax Court has held that married taxpayers did not make a valid election to exclude foreign earned income under …
Married Couple Denied Dependency Exemption and Tax Credits
The Tax Court, in a summary opinion, denied a married couple child tax credits and dependency deductions for three children. …
Treasury Department Publishes List of Boycott Countries
The U.S. Treasury Department has published a current list of countries that may require participation in, or cooperation with, an …
IRS Proposes Reliance Regs on Contribution Limits to ABLE Accounts
The IRS has proposed reliance regs under Code Sec. 529A that provide guidance on the amended contribution limits applicable to …