Menu

Tax Alerts

IRS provides audit guidance on certain international return penalties

IRS provides audit guidance on certain international return penalties

New audit guidance released regarding the meaning of ‘substantially complete’ with respect to international information return penalties.

  • Kyle Brown
  • |
  • June 22, 2017
House passes mobile workforce legislation

House passes mobile workforce legislation

Mobile workforce legislation passes the House for the second time in a year, but still must make significant progress in the Senate.

  • Brian Kirkell, Tim Ellenwood, Charles Britt
  • |
  • June 21, 2017
Golfing duo finds hazard in attempt to take ordinary abandonment loss

Golfing duo finds hazard in attempt to take ordinary abandonment loss

Court rules loss on disposal of partnership interest was not ordinary abandonment loss as golf retailers claimed, but rather a capital loss.

  • Kyle Brown
  • |
  • June 19, 2017
IRS may ease mandate to collect foreign taxpayer identification number

IRS may ease mandate to collect foreign taxpayer identification number

The IRS may provide relief to certain financial institutions required to collect foreign TINs by Jan. 1, 2018.

  • Aureon Herron-Hinds, Kyle Brown
  • |
  • June 19, 2017
S corporation denied deduction for amount payable to ESOP participants

S corporation denied deduction for amount payable to ESOP participants

The tax court concluded that constructive ownership rules cause deductions to be deferred until participant includes amount in income.

  • Ed Decker
  • |
  • June 16, 2017
IRS alerts taxpayers living and working abroad of impending deadlines

IRS alerts taxpayers living and working abroad of impending deadlines

IRS news release notifies taxpayers with foreign contacts of new and pending filing deadlines as well as other reporting requirements.

  • Kyle Brown
  • |
  • June 15, 2017
Proposed partnership audit regulations released by the IRS

Proposed partnership audit regulations released by the IRS

IRS releases proposed regulations governing new centralized partnership audit regime after regulatory freeze delayed initial guidance.

  • Don Susswein, Kyle Brown
  • |
  • June 14, 2017
New simplified method to obtain an extension to elect portability

New simplified method to obtain an extension to elect portability

Rev. Proc. 2017-34 makes it easier (and cheaper) to obtain an extension to elect portability of decedent spouse’s unused exclusion.

  • Charlie Ratner, Alina Solodchikova, John Deininger
  • |
  • June 13, 2017

Subscribe to Tax Alerts