Federal Tax Headlines

A Tax Court determination disallowing charitable deductions for certain conservation easements was vacated and remanded. The Tax Court disallowed the deductions, because: (1) the conservation…

Gross premiums for silver plans offered through the marketplaces would be 20 percent higher in 2018 and 25 percent higher by 2020 if cost-sharing reductions…

House Freedom Caucus members have launched a petition to discharge HRes 458, a straight repeal of the Patient Protection and Affordable Care Act (ACA) (P.L.…

The White House and top Republican lawmakers leading a joint tax reform effort are planning to release a three-to-five-page tax reform framework in early to…

The IRS has issued guidance on stock distributions by real estate investment trusts (REITs) and regulated investment companies (RICs). The IRS will treat stock distributions…

The IRS has provided the domestic asset/liability percentages and domestic investment yields needed by foreign life insurance companies and foreign property and liability insurance companies…

A design business was not entitled to litigation and administrative costs that were incurred before it made a qualified offer. Although the taxpayer was a…

Truckers and other owners of heavy highway vehicles are reminded that the next federal highway use tax return is due on Thursday, Aug. 31, 2017.…

As Congress prepares to tackle tax reform, disagreement among Republicans on how to approach the issue may stifle efforts. The House Ways and Means and Senate Finance…