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On Dec. 30, 2016, the government issued several final, temporary and proposed regulations related to information reporting and withholding obligations under the Foreign Account Tax Compliance Act (FATCA).

The IRS has issued proposed regulations (REG-140668-07) under sections 172(h) and 1502 that provide guidance on the treatment of corporate equity reduction transactions (CERTs).

The IRS ruled that a loss disallowed under Section 311(a) reduced a shareholder’s basis in S corporation stock.

Other eligible replacement properties that were identified and acquired in a timely way, but not reported as matched, qualified as replacement properties.

The IRS ruled that a real estate investment trust’s right to receive a state franchise tax refund constitutes a receivable arising in the REIT’s ordinary course of operations.

The IRS issued Rev. Proc. 2013-12 in December 2012, expanding and updating guidance for plan sponsors about how to correct retirement plan qualification errors.

In a recent legal memorandum (ILM 201246029), the IRS concluded that a liability for bonus compensation is taken into account in the year in which the bonuses are paid, because the taxpayer’s employees were required to still be employed on the date of payment in order to receive the bonus and ultimately some forfeited bonuses might revert to the taxpayer.

The Ninth Circuit has affirmed (Docket No. 10-73698) a Tax Court decision in "Estate of Morgens v. Commissioner",

A new revenue procedure makes obtaining relief from the individual retirement account (IRA) 60-day rollover rules simpler.

The Tax Court has ruled in Estate of Wimmer v. Commissioner (T.C. Memo. 2012-157) that gifts of interests in a family limited partnership (FLP) qualified for the annual gift tax exclusion because the FLP’s publicly traded, dividend-paying stock created the need and the funds for the FLP to make distributions to cover the tax obligations of partners.

The IRS has released temporary and proposed regulations that bar partners from being treated as employees of a disregarded entity (DRE) owned by their partnership.

It is indeed time for audit committees to begin work on implementing this wide-ranging, extraordinarily significant accounting standard.

Whether you're managing the rates on your income and investments, the taxes on your privately held or pass-through business, or the income of executives and shareholders at your company, this guide will answer as many questions as possible.

The IRS has finalized regulations (T.D. 9582) regarding whether the order in which a trust or estate distributes income to charity under its governing instrument will be respected for federal income tax purposes.

The IRS has issued a revenue ruling (Rev. Rul. 2012-15) addressing whether certain employee expense reimbursement arrangements result in taxable income to the employee.

The IRS has concluded in a legal memorandum (ILM 2012-41-005) that a taxpayer’s share of loss allocation from a partnership was not affected by the application of the "straddle rules" under Section 1092 and related regulations.

The IRS has determined in Generic Legal Advice Memoranda (GLAM 2017-002) that a taxpayer cannot deduct from sales the amount of merchandise used for redemption during the year...