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 Large Business and International (LB&I) Division has announced that it will not treat certain activities as manufacturing, producing, growing or extracting (MPGE)...

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 has released field attorney advice denying bonus depreciation to the owner and operator of a hotel complex because the taxpayer failed to demonstrate when costs were incurred for each property.

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...

The IRS addressed the appropriateness of applying the "self-comparable exception" and the "third party comparable exception" to determine if the gross receipts derived from the disposition of computer software qualified for purposes of Section 199.

The IRS has issued additional transition relief (Notice 2016-40) for employers who claim the work opportunity tax credit (WOTC) for employees hired between Jan. 1, 2015, and Aug. 31, 2016.

The IRS has finalized its 2003 proposed regulations on noncompensatory partnership options.

The IRS finalized its regulations on the medical device excise tax and released interim guidance that provides safe harbor rules for determining constructive sales price.

Legislation enacted last July imposed new reporting requirements on estates filing estate tax returns after July 31, 2015.

The IRS has released a private letter ruling extending the time for a corporation to elect safe harbor treatment under Rev. Proc. 2011-29 for a success-based transaction fee.

The IRS has finalized regulations (T.D. 9588) that explain how to allocate prepaid qualified mortgage insurance (QMI) premiums.