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Health care reform is the current top agenda item for the Senate Finance Committee.

President Obama signed a short-term highway funding bill in July that includes several tax-raising provisions.

"Large corporate under-payments" exceeding $100,000 are subject to a "hot interest" rate that is 2 percent higher than the normal rate for underpayments

Last week, two separate U.S. House of Representatives subcommittees held hearings regarding hospital charges and billing and collection practices. The House Ways and Means Subcommittee on Oversight also considered under what conditions a non-profit hospital should be able to retain its tax-exempt status. The committees are considering whether hospitals should be required to disclose their prices and whether some hospitals are overcharging the uninsured and subjecting them to "aggressive" colle

This prohibition would become effective January 1, 2018, and will affect both new money and refunding bonds.

The House of Representatives voted 312 to 119 on July 15 to approve a highway spending bill that would raise $5 billion with a revenue title that expands reporting on mortgage interest...

The House Ways and Means Committee passed a series of bills last week that would permanently extend six of the 50-plus tax provisions that expired at the end of 2014.

The idea of a reduced rate for IP has gained traction in recent months. It's meant to encourage the development and retention of IP in the United States and discourage foreign takeovers of U.S. companies for tax purposes.

Starting a business can be both exciting and stressful for any new entrepreneur, and perhaps nothing adds more initial stress than the word "taxes."

On September 29, 2015, a three-judge panel of the Michigan Court of Appeals unanimously affirmed a lower court decision upholding Michigan's retroactive repeal of the Multistate Tax Compact (MTC).

This is the fifth installment of a series that takes an inside look at the corporate tax reform proposals in Governor Andrew Cuomo's 2014–15 New York Budget Bill.

As a part of the so-called "Cromnibus" bill, Congress has extended dozens of expired "temporary" tax breaks for 2014.

The IRS has concluded in a technical advice memorandum (TAM 2013-21-019) that a debtor incurred income from the discharge of indebtedness when a court order terminated the creditor’s rights to seek any amounts related to the debt.

In partially redacted field attorney advice (FAA 20132101F), the IRS has determined that a partnership continued in the form of a new local law entity after a series of transactions.

In Chief Counsel Advice (CCA) 202628009, released on July 10, 2026, the Internal Revenue Service concluded that a limited partner’s conditional obligation to restore a deficit capital account does not constitute...

The IRS has issued guidance (Notice 2012-40) on the new $2,500 limit on employee contributions to a health flexible spending arrangement (FSA), and it will ease the compliance burden for employers with a noncalendar plan year.

As we noted in an earlier alert, organizations that failed to file returns for tax years 2007, 2008, and 2009 will automatically lose their exempt status this year.

The IRS has ruled that a foreign corporation should include its distributive share of foreign partnerships gross receipts.