Proposed BEAT regs: affiliated groups & their business interest deduction
Preamble to Prop Reg REG-104259-18; Prop Reg § 1.59A-1, Prop Reg § 1.59A-2, Prop Reg § 1.59A-3, Prop Reg § 1.59A-4, Prop Reg § 1.59A-5, Prop …
Prop regs on base erosion anti-abuse tax (BEAT): taxpayers subject to BEAT and computation
Preamble to Prop Reg REG-104259-18; Prop Reg §1.59A-1, Prop Reg §1.59A-2, Prop Reg §1.59A-3, Prop Reg §1.59A-4, Prop Reg §1.59A-5, Prop Reg §1.59A-6, Prop Reg §1.59A-7, Prop Reg §1.59A-8, Prop Reg §1.59A-9, Prop Reg §1.59A-10, Prop Reg § 1.1502-59A, Prop Reg §1.1502-100, Prop Reg §1.6038A-1, Prop Reg §1.6038A-2 …
Q&As offer guidance on transfer agreements for exceptions to Sec. 965 acceleration and triggering events
Questions and Answers about Reporting Related to Section 965 on 2017 Tax Returns (IRS website, 11/6/2018) IRS has updated Questions …
Final regs cover tax return preparer due diligence penalty under Sec. 6695(g)
Preparer Due Diligence Penalty under Section 6695(g) TD 9842, Reg § 1.6695-2 IRS has issued final regs on the tax return …
IRS highlights business changes in the Tax Cuts and Jobs Act
Tax Cuts and Jobs Act: A comparison for businesses (IRS website, Oct. 31, 2018) IRS has posted a useful comparison …
Proposed reliance regs exclude corporate U.S. shareholders from application of Section 956
Preamble to Prop Reg REG-114540-18, Prop Reg 1.956-1, IR 2018-210, 10/31/2018 Amount Determined Under Section 956 for Corporate U.S. Shareholders IRS has …
IRS clarifies: safe harbor for concrete foundation repairs unaffected by TCJA’s loss limitations
Letter from Charles Rettig to Rep. Courtney In a letter to Rep. Joe Courtney (D-CT), IRS Commissioner Charles Rettig clarified …
Proposed regs issued on deferral of gains on qualified opportunity fund investments
Preamble to Prop Reg REG-115420-18, Proposed Reg § 1.1400Z-2(a)-1, Proposed Reg § 1.1400Z-2(c)-1, Proposed Reg § 1.1400Z-2(d)-1, Proposed Reg § 1.1400Z-2(e)-1; IR 2018-206, 10/19/2018 Proposed …
Prop regs would remove receipt-of-advance-payments final reg
Preamble to Prop Reg REG-104872-18; Reg. §1.451-5 Proposed reg; Removal of regs on Advanced Payments for Goods and Long-Term Contracts IRS …
IRS guidance on the deductibility of meals purchased in an entertainment context
Notice 2018-76, 2018-42 IRB; IR 2018-195, 10/3/2018 In a Notice and accompanying information release, IRS has provided transitional guidance on the …