Proposed IRS regulations would define "real property" for purposes of an entity’s qualifying as a REIT and maintaining that qualification at the close of each quarter.

The Appeals employee would assist in settling the matter between the IRS and the taxpayer.

Senate Finance Committee Chair Orrin Hatch, R-Utah, last week announced a new deadline of July 6, 2015, for the committee's tax reform working groups to submit their reports.

The House and Senate are expected to begin negotiating a final compromise on the extenders after the August recess.

The IRS has recently concluded in a legal memorandum (ILM 2012-38-027) that state law classifications do not determine whether property is of like kind under Section 1031.

The Supreme Court on March 3 denied certiorari to three private equity funds of Sun Capital.

The Supreme Court's decision to allow individuals to continue to receive premium tax credits for purchasing insurance on federal health care exchanges removes the last major challenge...

The Tax Court held that the collapse of a poorly maintained retaining wall after a spring with heavy rain is not a casualty within the meaning of Section 165(c)(3) and the taxpayer is not entitled to a...

The top two congressional tax writers met last week to discuss how to tackle the priorities competing for their attention in 2016.

The IRS issued a special administrative procedure Jan. 8 allowing employers that have yet to file their 2014 fourth-quarter Form 941 to implement a retroactive increase in excludible qualified transit benefits.

The IRS issued final regulations (T.D. 9725) on the estate and gift tax applicable exclusion and requirements for electing portability of a deceased spousal unused exclusion (DSUE) amount under Section 2010(c).

The Treasury Department has delayed for one year the effective date of the documentation requirements under the Section 385 regulations...

The Treasury Department provided guidance on the election to treat certain qualified dispositions of target corporation stock as taxable sales of that corporation’s assets when it finalized regulations under Section 336(e).

In a complaint filed on Aug 4 in the Western District of Texas the US Chamber of Commerce and the Texas Association of Business filed suit against the IRS and Treasury over the inversion regulations.

During February and March 2017, Virginia Governor Terry McAuliffe signed multiple tax bills into law that make changes to the state's income; sales; property; and business, professional...

Senate Finance Committee ranking minority member Ron Wyden, D-Ore., has added tax professor Victor Fleischer to his tax-writing committee staff.

Senate Finance Committee Chair Ron Wyden, D-Ore., has pledged to introduce bipartisan legislation to address the recent rise in corporate inversion.

The IRS issued Rev. Proc. 2014-17, which provides taxpayers with rules for filing method changes for dispositions of tangible depreciable property.

Grant Thornton LLP has been a strong advocate for taxing all business income at the same rate, regardless of entity.

The Democratic presidential nominee, Hillary Clinton, responded to the new tax proposals of the Republican nominee, Donald Trump, by updating her own tax platform with changes...