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The American Taxpayer Relief Act of 2012 extends—and makes retroactive—the ability of non-corporate investors to exclude from federal taxable income 100% of the eligible gain realized from the sale of "qualified small business stock".

In United States v. Quality Stores, Inc., 134 S. Ct. 1395 (2014), the U.S. Supreme Court ruled that severance payments at issue in the case were wages subject to Federal Insurance Contributions Act (FICA) taxes.

On Sept. 1, 2010, the IRS released Announcement 2010-54 to solicit applications from cooperative electric companies (cooperatives) for $190,795,445 of New Clean Renewable Energy Bond (New CREBs) volume cap.

The Internal Revenue Service has ended its year-long moratorium on issuing MLP qualifying income rulings under Section 7704 of the tax code.

The IRS recently released guidance acquiescing to the Ninth Circuit's opinion that unmarried domestic partners are each individually entitled to deduct interest on up to $1,000,000 of home acquisition debt...

In November 2012, the IRS and the Treasury Department announced they had accepted a request from the National Retail Federation and Retail Industry Leaders Association for guidance under the IRS’s Industry Issue Resolution program regarding capitalization versus repair issues.

The Internal Revenue Service and the U.S. Treasury Department scheduled a public hearing to discuss proposed regulations under section 385 of the Internal Revenue Code.

The IRS has announced the inflation-adjusted amounts for contributions, plan deductibles and out-of-pocket expenses for health savings accounts (HSAs) for 2013.

The IRS has announced the inflation-adjusted amounts for contributions, plan deductibles and out-of-pocket expenses for health savings accounts for 2015.

As I discussed in a prior blog post, if you have more than $10,000 in a foreign bank account, you are obligated to file Form 114 (commonly known as an FBAR).

Under the Affordable Care Act, insurance companies and employers must pay an annual fee to help fund the Patient-Centered Outcomes Research Institute.

The IRS announced recently that it will not impose penalties under Section 6721 or Section 6722, which are related to information reporting, on eligible educational institutions with respect to Form 1098-T...

Tax Analysts Tax Notes reports that the IRS Large Business and International Division released mandatory, stringent new procedures for enforcing information document requests and issuing summonses, minimizing examiners' discretion even at the manager level.

In response, the IRS released final regulations on June 11 designed to prohibit taxpayers from circumventing this type of SALT limitation.

This is good news, which removes a concern some had raised about making larger gifts now.

In a chief counsel advice memorandum the IRS considered whether interest that is accrued but not paid is "United States property" under Section 956.

IRS Could Replace Offshore Voluntary Disclosure Program.