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On January 1, 2013, Congress approved the American Taxpayer Relief Act of 2012, the bill designed to avert the so-called "fiscal cliff."

Amanda Haverstick posted a new blog on Forbes.com discussing the Supreme Court's decision to review the case of U.S. v. Quality Stores Inc.—in which the Sixth Circuit ruled that severance payments made to involuntarily laid off employees are not subject to FICA tax.

Acknowledging "numerous unanticipated administrative and financial burdens," the IRS officially revoked its earlier attempt to lower the 2018 health savings account (HSA) contribution limits.

As employers plan for paying various health care reform fees, one question that arises is whether the fees owed are tax deductible.

The National Council of Insurance Legislators has developed a model bill that would enable states to provide income tax credits to employers offering individual coverage health reimbursement arrangements. With only Indiana currently offering such credits and other states like Georgia and Ohio considering similar legislation, this development could significantly impact how small businesses approach employee health coverage. The model targets businesses with 2-50 employees and has garnered support from major

Tax-exempt employers face a matrix of tax and disclosure issues in designing an appropriate supplement retirement program.

The U.S. Department of Labor recently announced that it too will interpret the term "spouse" as including a same-sex spouse legally married in any state or foreign jurisdiction that recognizes the marriage, even if the couple resides in a state that does not permit or recognize same-sex marriage, for purposes of ERISA, the Internal Revenue Code and governing DOL regulations.

You're working from home now. You qualify for a home-office tax deduction, right? Not so fast.

The tax code underwent historic changes with the passage of the Inflation Reduction Act ("IRA"), perhaps most notably with changes permitting the direct transfer of various energy tax...

The Internal Revenue Service recently launched a new registration portal, specifically designed for taxpayers seeking a direct payment or a sale of certain energy tax credits...

The Internal Revenue Service on Friday opened the registration portal for taxpayers selling eligible tax credits, including investment tax credits and production tax credits.

TIPA extended the deadline from January 1, 2014, to January 1, 2015. Industry participants have been anxiously awaiting the IRS guidance since TIPA became law in late 2014.

Today, President Trump signed the $1.5 trillion Tax Cuts and Jobs Act (TCJA) into law, marking the first major overhaul of the U.S. tax code in over 30 years.

Section 6418, which was added to the code as part of the Inflation Reduction Act (IRA, P.L. 117-169), makes certain renewable energy credits transferable for the first time.

The IRS Released Notice 2013-12 on February 7 announcing Phase II of the qualifying advanced energy project program under Section 48C.

The need to take a "hardship distribution" is not uncommon for many people involved in a divorce.

There are lots of changes during a divorce. For many, one change comes in resuming a maiden or former name.

Brian Lucareli, Director of Foley Private Client Services (PCS) and co-chair of the Family Offices group, sits down with Tim Voigtman, partner and co-chair of the Tax...