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The IRS has released new estimates showing that the annual "tax gap" has grown from $385 billion to $406 billion.

The IRS concluded that a service provider cannot avoid the Dec. 31, 2017, transition relief deadline for including deferred compensation in income under Section 457A by changing its method of accounting.

In Basic Engineering v. Commissioner, T.C Memo 2017-26 (Feb. 1, 2017), the Tax Court ruled that an engineering company was ineligible to use the completed contract method and was liable for an accuracy-related penalty.

Certain payments made by a lessee to reimburse the lessor for tenant improvement costs above an agreed-upon allowance were not rental income to the lessor.

Treasury Secretary Jacob Lew said last week that the Obama administration is considering administrative options to curb inversions.

Presidential candidate Donald Trump provided new details on his tax reform plan last week, but the campaign provided conflicting information on how the 15% business rate would apply to pass-through businesses.

The 21st Century Cures Act, enacted on Dec. 13, 2016, added Section 9831(d) to the code to allow eligible small employers to offer QSEHRAs to employees without violating the market reforms established by the Affordable Care Act (ACA).

The JobsOhio Board of Directors recently has approved a Research and Development (R&D) Grant Program to provide support to R&D centers in Ohio.

The Supreme Court ruled that a taxpayer has a right to conduct an examination of IRS officials regarding their reasons for issuing a summons.

President Trump's first budget proposal provided no new information on tax reform, but included three narrow tax proposals to strengthen IRS enforcement.

The likelihood of major tax legislation next year depends not only on whether tax reform emerges as a significant campaign issue, but also on who is elected in November.

The Fifth Circuit Court of Appeals ruled that a taxpayer is allowed to adjust base period expenses if projects or costs for the credit year are determined to not be qualified.

Congress is working on a handful of significant tax issues that could prove very important for tax reform in 2017 and 2018.

The IRS has issued final regulations (TD 9583) that deal with rules for deferred losses among members of a controlled group under Section 267(f). The final regulations replace proposed regulations originally issued in April 2011 (REG-118761-09) with minor changes.

The Tax Court held that a taxpayer’s taxable gain from boot on a Section 351 transaction with a related party was an ordinary gain under Section 1239.

The IRS, the Department of Labor and the Department of Health and Human Services have issued proposed regulations to implement the 90-day waiting period limitation added to the Public Health Service Act by the Patient Protection and Affordable Care Act.

Obama made clear early in the year that he had no interest in lowering individual rates and even proposed increasing rates on capital gains and dividends.