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Under the REMIC rules, a mortgage loan ceases to be a good REMIC asset if the borrower replaces the real property collateral with government securities (known as defeasance) less than two years...

The IRS has reminded employers of filing deadline changes related to Form W-2, Wage and Tax Statement, made by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).

For this limited time, an IRA owner, who is 70½ or older, can directly transfer, tax-free, up to $100,000 to an eligible charity.

Every year, the Commonwealth of Pennsylvania State Tax Equalization Board ("STEB") establishes a common level ratio ("CLR") of assessed value to market value of real estate for each of Pennsylvania’s 67 counties for the prior calendar year, which are to be issued by the July 1 effective date.

On the heels of billionaire Mark Cuban's recent comments regarding his multimillion-dollar tax bill, Withers Private Client and Tax partner, Ryan LoRusso spoke to Forbes...

The year 2016 may best be remembered as a time when many fundamental issues were set up for dynamic resolution in the coming year.

Top Senate Budget Committee members announced an agreement last week to write a budget that accommodates large tax cuts.

According to Law360, the Senate Budget Committee recently held a hearing regarding offshore tax evasion where senators made clear that, in their view, the IRS is not making enough criminal referrals to the Department of Justice.

The US Senate has confirmed Daniel Werfel as the next commissioner of the Internal Revenue Service (IRS). The Senate voted 54-42, achieving bipartisan support for the nominee.

Senate Democrats released a public letter last week offering to work with Republicans on tax reform as long as the bill is revenue neutral and does not use the reconciliation process or provide a tax cut...

A 2015 Missouri Supreme Court decision raised taxes on Missouri businesses that charge or pay for shipping fees.

On May 2, 2024, the IRS released an update on its Strategic Operating Plan which includes among its main objectives...

The Sixth Circuit Court of Appeals has denied an IRS request for a rehearing of the "United States v. Quality Stores, Inc." decision.

The Indian Tribal Governments practice published its latest edition of the Tribal Business Journal recently, dedicating the edition to federal tax issues.

Statutes mean what they say. As the late Justice Scalia once quipped, the proper role of the courts "is to apply the text, not to improve upon it.

When taxpayers pay fees contingent on the successful closing of certain "covered transactions," including, for example, taxable acquisitions of assets that constitute a trade or business, ...

Entrepreneurs consistently face the difficulty of passing the family business to younger generations. Among the many challenges to successful transitions is the cost of estate, gift and generation-skipping taxes (GST) payable on transfers to family members.