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Today President Obama proposed combining corporate tax reform and a package of jobs initiatives and urged Congress to enact both.

President Donald J. Trump vowed to eliminate "the loopholes and complexity that primarily benefit the wealthiest Americans and special interests,"...

Recently, the IRS issued proposed regulations concerning the $1 million deduction limitation for public company executive compensation, set forth in section 162(m) of the Internal Revenue Code.

Specifically, such treatment would apply to reporting, record maintenance and associated compliance requirements that otherwise apply to 25% foreign-owned domestic corporations under Section 6038A.

Everyone in business must keep records. Among other things, good records will help a business prepare the business tax returns, and will support items reported on tax returns.

There have been two major developments in the tax exempt bond area warranting your attention and follow-up action.

Founders and early-stage investors often spend months negotiating deal terms like valuation and governance rights, only to discover years later that they overlooked one of the most valuable economic provisions: whether their stock qualifies for the Qualified Small Business Stock (QSBS) capital gain exclusion under Internal Revenue Code Section 1202.

Regulations issued July 23, 2014 finalize certain treatment of the basis of indebtedness of S corporations to their shareholders.

The taxpayer, Giant Eagle Inc., operates a chain of retail supermarkets, pharmacies, gas stations and convenience stores in the U.S. The taxpayer established a fuel rewards program in 1991.

On January 13, 2015, a bipartisan group of Senate lawmakers announced legislation to repeal a tax on medical devices, which was implemented to partially fund the Patient Protection and Affordable Care Act (PPACA).

The Supreme Court on May 20 ruled in "PPL Corp. v. Commissioner" that the one-time "windfall tax" imposed by the United Kingdom in 1997 had a predominant character of a "classic excess profits tax".

Switzerland and the United States have reached an agreement to permit some Swiss banks to disclose information and to participate in a settlement program with the US Department of Justice to avoid criminal prosecution in connection with Swiss accounts maintained by US taxpayers

On August 5, 2026, the Tax Court issued its decision in Reed v. Commissioner, T.C. Memo. 2026-64, sustaining most of the IRS’s determinations against Scott L. Reed, a real estate consultant, and Dr. Stacy N. Reed, a physician, for tax years 2012 through 2015.

BioLoquitur has reported on legislative developments in the past, but never did we expect to discuss a tax bill. Last week, however, the U.S. House of Representatives ...

On December 22, 2017, President Trump signed sweeping tax reform legislation (H.R. 1) into law. The new law, commonly known as the Tax Cuts and Jobs Act (the "Tax Act"), makes significant changes ...

House and Senate Republicans have agreed on a conference report for their budget resolutions that would allow the tax-writing committees to use reconciliation procedures to expedite tax legislation.

Kasich's Tax Plan Sets Corporate Rate at 25 Percent. Republican presidential candidate John Kasich is the latest in the GOP field to release a tax overhaul plan....