Blog Archives

Federal Tax Weekly: December 10, 2015

This issue’s topics include: Obama Signs Highway Bill With Tax Offsets; Negotiations Continue On Omnibus And Extenders Chief Counsel Reaffirms Prior Guidance On Computer Costs: Some Costs Must Be Capitalized; Others Deductible IRS Clarifies Proposed Regs’ Substantiation Option For Charitable

Tagged with: , , , , , , , , , , , , , , , , , ,
Posted in Tax

Federal Tax Weekly: December 3, 2015

This issue’s topics include: IRS Increases Tangible Property Expensing Threshold For Taxpayers Without AFS Wolters Kluwer Computes 2016 Luxury Vehicle Limits, Fringe Benefit Caps Chief Counsel Reviews When Employers May Exclude From Income Cost Of Health Insurance Coverage IRS Launches

Tagged with: , , , , , , , , , , , , , , , , ,
Posted in Tax

Federal Tax Weekly: November 19, 2015

This issue’s topics include: Agencies Finalize Regs for ACA’s Market Reforms IRS Launches 2016 PTIN Renewal Season IRS Makes Progress in Curbing Business Tax Identity Theft Generic Drug Manufacturer Required to Capitalize Legal Fees Incurred to Obtain FDA Approval IRS

Tagged with: , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Tax

Federal Tax Weekly: November 12, 2015

This issue’s topics include: MyRA Starter Roth IRA Now Available Nationwide IRS Releases Revised Form 1042 And Instructions Audits of Individual Tax Returns Drop Again IRS Extends Safe Harbors for Distressed Homeowners Highway Bill Goes to Conference; Extenders Could Move

Tagged with: , , , , , , , , , , , , , , , , , , ,
Posted in Tax

Federal Tax Weekly: November 5, 2015

This issue’s topics include: Obama Signs Budget Agreement Repealing TERFA Audit Rules IRS Reduces PTIN User Fee IRS Issues Guidance on Private Activity Bond Restrictions Real Estate Developer Cannot Use Home Construction Contract Method to Defer Income Consts of Internet

Tagged with: , , , , , , , , , , , , , , , , , , , , ,
Posted in Tax

Federal Tax Weekly: October 22, 2015

This issue’s topics include: IRS Updates Guide For Safeguarding Taxpayer Data IRS Proposes Updates To Administrative Appeals Process For Docketed Tax Court Cases Social Security Wage Base Stays At $118,500 For 2016; “Nanny Tax” Threshold Rises To $2,000 IRS Reminds

Tagged with: , , , , , , ,
Posted in Tax

Federal Tax Weekly: October 15, 2015

This issue’s topics include: PACE Act Amends ACA Definition Of Small Group Market IRS Issues Correcting Amendment For Temporary NPC Regs Disaster Relief Available For South Carolina Flooding Debtor Payments On Serial Loans Trigger Reporting OECD Releases Final BEPS Package

Tagged with: , , , ,
Posted in Tax

Federal Tax Weekly: October 8, 2015

This issue’s topics include: IRS Reaches FATCA Milestone with Information Exchanges “Unit Dose” Production Qualifies For Code Sec. 199 Deduction Tax Court Finds Taxpayer Liable For COD Income IRS Provides Relief To Drought Stricken Farmers, Ranchers TE/GE Highlights Activities For

Tagged with: , , , ,
Posted in Tax

Federal Tax Weekly: October 1, 2015

This issue’s topics include: IRS Issues Final Regs On Grantmaking To Foreign Organizations Chief Counsel Recommends Changes To Tax Court Rules Taxpayer Assistance Order Application Tolls Limitations Period For Third-Party Wrongful Levy Suit U.S. Signs Competent Authority Arrangements with FATCA

Tagged with: , , , ,
Posted in Tax

Federal Tax Weekly: September 24, 2015

This issue’s topics include: IRS Issues Guidance On TIPA’s Extension Of Bonus Depreciation IRS Plans to Extend Some FATCA Transitional Measures Proposed Regs Revamp Treatment Of Intangible Assets Temporary Regs Tighten Use Of Transfer Pricing Rules IRS Limits Ruling On Certain

Tagged with: , , , ,
Posted in Tax