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Multinational companies should evaluate how these proposals will affect their financial statements and evaluate their preparedness if the proposal become required.

The June 30, 2012, deadline for filing a Report of Foreign Bank And Financial Accounts ("FBAR") with the Department of the Treasury is rapidly approaching. (Form TD-F 90-22.1).

Generally, with limited exceptions, each U.S. person who has a financial interest in, or signature authority over, one or more foreign financial accounts is required to report those accounts annually to the Internal Revenue Service (IRS) on U.S. Treasury Form TD F 90-22.1, "Report of Foreign Bank and Financial Accounts" (FBAR).

A married couple a college professor and a librarian, failed to persuade the Tax Court that their deductions for home internet service cell phones satellite television and other items were deductible.

A hotel and resort company delayed the planned acquisition of a vacation ownership business as a result of new understandings of the tax consequences of the deal.

The New York Legislature has passed bills related to the 2015–2016 budget containing several significant "technical corrections" to the New York State corporate income tax reform enacted in 2014.

In late March, we wrote an open letter to state tax administrators requesting that they take steps to relieve undue tax administration burdens in the wake of the COVID-19 situation. We gave five suggestions...

On March 1, 2016, the IRS began alerting employers and their payroll staff about a phishing scheme that cyber-criminals are successfully using to trick payroll and accounting staff to release their employees' W-2 forms to persons outside the company.

One of the major components of the American Rescue Plan is the enhanced Child Tax Credit.

The Internal Revenue Service has reported significant enrollment in Trump Accounts, a new tax-advantaged retirement savings vehicle for children established under the One Big Beautiful Bill.

The Internal Revenue Service (IRS) has placed certain Malta-based pension plan arrangements on its annual "Dirty Dozen" list of "tax scams."

The IRS has published transition relief that extends taxpayers' ability to claim payments for the biodiesel mixture credit and the alternative fuel credit on Form 8849 until July 1, 2013.

On September 21, 2020, the IRS and Treasury Department released final regulations under sections 864(c)(8) and 1446(f) of the tax code. These regulations finalize proposed regulations...

On February 20, 2026, the Department of the Treasury and the Internal Revenue Service (IRS) released Notice 2026-16, providing interim guidance on the special depreciation...

As a result of the severe storms in California at the end of 2022 and beginning of 2023, in February of this year the IRS extended substantially all tax filing and payment dates until October 16, 2023...

IRS Chief Counsel has affirmed the application of the guidance in a 2002 letter ruling (LTR 200236028) regarding the treatment of computer-related costs, both software and hardware (CCA 201549024).

The IRS proposed regulations ( REG-103058-16) relating to information reporting of minimum essential coverage under Section 6055...