Section 199A Passthrough Guidance Expected in July, Kautter Says
The IRS expects to issue guidance on the Code Sec.
199A passthrough deduction in July, Acting IRS Commissioner
David Kautter has said. Kautter outlined the timeline of various
guidance propo...
Focus Remains on Tax Reform
Congressional lawmakers on Capitol Hill continue to focus on tax
reform. Republicans and Democrats alike have been discussing the
effects of tax reform, albeit reaching different conclusions. ...
Regs Clarified In Response to Suit Over ACA Emergency Services Rules
The Treasury Department and the IRS, along with the Department of
Labor and the Department of Health and Human Services, issued a
notice of clarification to more thoroughly explain their decision
not ...
IRS Outlines New Five-Year Strategic Plan
The IRS has issued a new five-year strategic plan to guide its
programs and operations and to help meet the changing needs of
taxpayers and members of the tax community. "Providing service
to tax...
LB&I Rolls Out Additional Issue-Based Compliance Campaigns
The IRS Large Business and International (LB&I) Division has
identified and selected six additional compliance campaigns. The
IRS previously announced 13 campaigns on January 31, 2017, followed
by an ...
Life Insurance Transfer Transition Guidance Planned
The IRS intends to provide guidance on the new information
reporting obligations for certain life insurance contract
transactions under Code Sec. 6050Y. The proposed regulations
will provide guid...
All eyes on tax reform in 2017
Congress ended 2016 passing a few targeted tax bills and lawmakers
focused on the incoming Trump administration and tax reform in
2017. President-elect Donald Trump campaigned on tax cuts for
individu...
Major tax changes expected under Trump Administration
One month after the presidential election, taxpayers are learning
more about President-elect Donald Trump’s tax proposals for his
administration. Although exact details, including legislative la...
