Congress appeared headed toward a government shutdown as the House voted on Sept. 29 to send a short-term government funding bill back to the Senate after attaching provisions to delay the implementation of health care reform for one year and repeal the medical device excise tax.

The Tax Court has concluded in "Averyt v. Commissioner" that the actual deed conveying a conservation easement to a charitable organization constituted a contemporaneous written acknowledgement.

The Court of Federal Claims granted summary judgment in "Colorcon Inc. v. United States".

The Advocate General has issued his opinion in the above case on 18 July 2013.

President Obama and congressional Democrats are proposing to replace the impending spending "sequestration" with a variety of revenue-raising tax changes.

Sen. Carl Levin, D-Mich., and Rep. Sander M. Levin, D-Mich., Ways and Means ranking minority member, have introduced legislation to strengthen anti-inversion rules.

The Treasury Department on May 8 issued final regulations on the application of the 2% miscellaneous itemized deduction floor to an estate or trust.

In a recent IRS chief counsel advice memorandum (CCA 201626024) email, the IRS concluded that the taxpayer's gross receipts derived from the sale of its products were not domestic production...

In a recent revenue procedure (Rev. Proc. 2016-40), the IRS provided two safe harbors for determining if a distributing corporation has control, within the meaning of Section 368(c), of a controlled...

Republican tax writers in the House and Senate deepened a divide last week over whether to use international tax reform and a tax on unrepatriated foreign earnings to help cover a highway funding shortfall.

The administration threatened to veto the bill because of the estimated $182 billion cost, but indicated support for the underlying policy.

The House Judiciary Committee convened a hearing May 24 to examine House Republicans' misconduct charges against IRS Commissioner John Koskinen.

Top congressional lawmakers have ramped up discussions over international tax reform as the outlook for business and comprehensive reform has dimmed.

The IRS has issued a private letter ruling addressing whether an option to acquire a partnership interest should be taken into account for purposes of determining whether the buyer acquired the target partnership’s corporate subsidiaries in a "covered transaction."

The IRS announced (Announcement 2015-19) important changes to the employee plans determination letter program for qualified retirement plans.

In private letter ruling 201436033, the IRS considered a transaction that involved the back-to-back distributions of a real estate investment trust.

IRS Commissioner John Koskinen warned that the IRS may have to delay the start of the 2015 filing season, as well as the processing of refunds.

The IRS has concluded in field attorney advice that two corporations formed immediately prior to an asset sale were ignored for U.S. federal income tax purposes.

The IRS concluded in field attorney advice (FAA 20163701F) that a fee related to the termination of a merger agreement resulted in a capital loss to a taxpayer under Section 1234A.

The IRS determined what a taxpayer must do if it has deferred recognizing revenue into income under Rev. Proc. 2004-34 and its stock is subsequently acquired by an unrelated corporation...