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

The final regulations provide for the treatment of an integrated transaction when the taxpayer disposes of or otherwise terminates all or a portion of the QDI or the hedge before maturity.

The IRS on July 2 issued final regulations relating to the purchase of qualified longevity annuity contracts under qualified defined contribution retirement plans.

Treasury and the IRS intend to issue regulations addressing the application of Section 901(m) to disposition of assets following covered asset acquisitions.

The IRS issued Notice 2013-60, seeking to clarify prior guidance, Notice 2013-29, related to when a taxpayer has satisfied the requirements necessary to claim the renewable electricity production tax credit (PTC) under Section 45.

The IRS has issued guidance (Rev. Rul. 2012-19) on how dividends and dividend equivalents are treated for purposes of the $1 million compensation deduction limit under Section 162(m).

The sponsors of those plans are permitted to reduce the pension benefits payable to plan participants and beneficiaries if certain conditions are satisfied.

The IRS intends to amend regulations to provide guidance concerning the treatment of U.S. persons that own stock of a passive foreign investment company.

The IRS has issued guidance that responds to Historic Boardwalk Hall, LLC v. Commissioner, in which the Third Circuit held that an investor in a partnership who did not have any meaningful downside risk or upside potential was not a bona fide partner for federal tax purposes, and was therefore not entitled to an allocation of 99.9% of the historic rehabilitation tax credits under Section 47.

In a recent Internal Legal Memorandum to the field, the IRS National Office determined that an aircraft was held for productive use in a trade or business for purposes of applying the Section 1031 nonrecognition provisions.

The IRS postponed the new asset value reporting requirements for estates until Feb. 29, 2016.

The IRS is requesting comments on a proposed revenue procedure, which, if finalized, would provide automatic consent to certain tax accounting method changes for revenue...

The IRS recently issued proposed regulations to provide guidance on the new rule that limits compensation deductions for health insurance providers to $500,000 per employee.

The IRS recently proposed regulations (REG-141075-09) under Section 83 to clarify and make changes to the current regulations.

The IRS issued final regulations (TD 9773) on June 29, 2016, that will require U.S. multinationals with more than $850 million in revenue to report specific information on a CbC basis.

The IRS provided guidance on the changes to the funding stabilization rules for single-employer pension plans that were made by the Highway and Transportation Funding Act of 2014.

The IRS ruled in a chief council advice memorandum (CCA 2015-22-005) that a corporate officer of a common parent of a consolidated group must sign Form 2848...

The IRS has released draft instructions for trusts, estates and individuals to calculate and pay their Section 1411 net investment income (NII) tax liability and for partnerships and S corporations to report information on NII to shareholders and partners.

The IRS has issued Rev. Proc. 2013-12 to provide updated guidance on the voluntary correction program for employee retirement plans.

Electronically filed information returns are due by March 31, but with extensions, these returns may be due by the end of May.