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  • Article

    IRS Draft Schedule H For 2011 Form 990

    Tax-exempt hospitals will be required in 2011 to respond to questions on financial assistance policies, billing and collection practices, emergency medical care and individuals eligible for financial assistance.
    United StatesTax
    McGuireWoods LLP
    McGuireWoods LLP
  • Article

    IRS Eases Small Business Implementation Of Tangible Property Regulations

    The IRS has created new procedures to allow businesses with less than $10 million in assets or annual gross receipts to apply the final tangible property regulations prospectively beginning with the first tax year on or after Jan. 1, 2014, and to make their method changes for that year without filing a Form 3115.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
Article

IRS Extends Deadline For Annual Information Report On Foreign Financial Accounts

As a follow up to our June 18, 2009 Foley Adviser, we note that the Internal Revenue Service (the “IRS”) has announced an extension to the previously announced deadline for the Treasury Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts, commonly known as an “FBAR”) from June 30, 2009 to September 23, 2009 (without penalty) for filers who have paid all taxes and reported all income for 2008.
United StatesTax
Foley Hoag LLP
Foley Hoag LLP
  • Article

    IRS Extends Filing, Payment Deadlines To Oklahoma Tornado Victims

    Victims of the Oklahoma tornado have been granted an extension for filing and tax payment deadlines by the IRS.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Extends Relief For Form 1098-T Filer Penalties

    In Announcement 2016-42, the IRS said that it would extend relief from penalties under Sections 6721 and 6722, related to information reporting, for qualified educational institutions...
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Finalizes Book-Tax Conformity Regulations

    In 2017, Congress amended Section 451(b) of the tax code to require accrual method taxpayers to include certain amounts in income...
    United StatesTax
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    IRS Finalizes Regulations On Consolidated Return Section 332 Election

    The IRS has finalized temporary regulations (T.D. 9594 ) under Treas. Reg. Sec. 1.1502-13(f)(5)(ii)(B) that provide an election to avoid immediate gain after certain Section 332 transactions.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Finalizes T&E Expense Regulations

    On September 29, 2020, Treasury and the IRS issued final regulations under section 274 of the tax code that address the deductibility of business meal and entertainment expenses.
    United StatesTax
    Hogan Lovells Cadwalader
    Hogan Lovells Cadwalader
  • Article

    IRS Grants Separate Return Limitation Year Relief

    The IRS has issued a private letter ruling providing that a taxpayer’s net positive and negative income under Treas. Reg. 1.1502-21(f)(2), from a subsidiary with separate return limitation year net operating losses, was included in the computation of consolidated taxable income for a SRLY subgroup of a consolidated group.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Hints At Revenue Procedure 94-69 Update

    At a recent Tax Executives Institute conference in New York, an Internal Revenue Service (IRS) spokesperson stated that guidance and a new final form...
    United StatesTax
    McDermott Will & Emery
    McDermott Will & Emery
  • Article

    IRS Intends To Prohibit Replacement Of Annuity Payments With Lump-Sum Payments

    The IRS issued Notice 2015-49 to inform taxpayers that it intends to amend the required minimum distribution regulations under Section 401(a)(9) to largely prohibit the use of lump-sum payments to replace annuity payments being paid by a qualified defined benefit pension plan.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Introduces Withdrawal Process For Wrongly-Claimed Employee Retention Tax Credit

    On Thursday, the IRS introduced certain criteria that, if satisfied, allow a small business to withdraw a prior claim for the Employee Retention Tax Credit (ERC).
    United StatesTax
    Liskow
    Liskow
  • Article

    IRS Issues Additional Dependent Care FSA Guidance

    Following up on guidance issued in February the IRS has issued a new notice on the temporary carryover rules for dependent care flexible spending accounts.
    United StatesTax
    Ballard Spahr LLP
    Ballard Spahr LLP
  • Article

    IRS Issues Final and Temporary Debt-Equity Regulations Under Section 385

    On October 13, 2016, the Treasury Department and the Internal Revenue Service (IRS) issued final and temporary regulations under section 385 of the Internal Revenue Code.
    United StatesTax
    Proskauer Rose LLP
    Proskauer Rose LLP
  • Article

    IRS Issues Final FATCA Regulations

    The Internal Revenue Service has recently issued the long-awaited final regulations that implement the Foreign Account Tax Compliance Act.
    United StatesTax
    Pepper Hamilton LLP
    Pepper Hamilton LLP
  • Article

    IRS Issues Final Regulations On Electing Alternative Simplified Credit

    The IRS on Feb. 27 issued final regulations under Section 41(c)(5) for electing the alternative simplified credit (ASC).
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Issues Final ‘Repair Regulations'

    The IRS and Treasury have issued long-awaited final regulations on when costs incurred to acquire, produce or improve tangible property must be capitalized or may be deducted.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Issues Guidance On Charitable Contributions To Disregarded Entities Of Charities

    The IRS provided guidance (Notice 2012-52, 2012-35 I.R.B. 1) regarding the deductibility of contributions to domestic single-member limited liability companies.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Issues Guidance On Expansion Of In-Plan Roth Rollovers Under ATRA

    Jeremy M. Pelphrey was quoted in the Standard Federal Tax Reports – Taxes On Parade article "IRS Issues Guidance On Expansion Of In-Plan Roth Rollovers Under ATRA."
    United StatesTax
    Fox Rothschild LLP
    Fox Rothschild LLP
  • Article

    IRS Issues IPU On Corporate Inversions

    On June 7, 2016 , the IRS released an LB&I International Practice Unit, providing high-level guidance to IRS field examiners on the application of the anti-inversion rules of Internal Revenue Code section 7874.
    United StatesTax
    McDermott Will & Emery
    McDermott Will & Emery
  • Showing 821–840 of 19631 results

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