2023 Tax Outlook Pt. 1: Lame Duck Session, Split Congress Expectations
This two-part series forecasts tax developments the remainder of this month and the new year will bring. Part 1 begins …
Republican Members Vie for Spot on House Ways and Means Committee
There are at least 10 Republicans vying for eight possible seats on the powerful House Ways and Means Committee in …
Wyden Eyes Business Tax Breaks in Exchange for Moving Child Tax Credit
The Senate’s senior democratic tax writer said tax break discussions will be part of the Congressional agenda for the upcoming …
House Republicans, Emboldened by EPA Ruling, Press SEC Chair to Justify Agenda
The top Republicans on three House committees on Sept. 22, 2022, released a letter to SEC Chair Gary Gensler demanding …
Supreme Court Denies Review of States’ SALT Cap Suit
The Supreme Court declined to review the Second Circuit’s decision in New York v. Yellen, (CA 2 2021) 128 AFTR …
Treasury Department Reports on President Biden’s “Made in America Tax Plan”
U.S. Department of the Treasury – The Made in America Tax Plan (4/7/2021) The Treasury Department has issued The Made in …
IRS Issues Final REGs on Deduction for Qualified Transportation Fringe and Commuting Expenses
The IRS has issued final regs on the deductions for qualified transportation fringe and commuting expenses following changes made by …
Tax Policy Outlook Uncertain as Key Senate Races Head to Runoff
By Melissa A. Oaks, J.D., LL.M. …
Final REGs on SEC. 958(b) Ownership Attribution Rules
The IRS has issued final regs on the ownership attribution rules under Code Sec. 958(b); that Code section was modified by …
Final REGs Clarify Definition of Qualifying Relative
The IRS has issued final regs that clarify the definition of qualifying relative for purposes of various provisions of the …