Tax & Accounting Blog
Tax & Accounting Blog
1975
The IRS is proposing to amend hardship distribution regulations to reflect changes in the law. In particular, the proposed regulations would reflect changes in the…
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During the week of November 5, President Donald Trump and House Ways and Means Committee Chairman Kevin Brady, R-Tex., issued a joint statement in connection…
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The Tax Court did not err when it summarily sustained a proposed levy to collect an individual’s unpaid penalties for one tax year and delinquent…
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The government has released a joint agency rule finalizing and expanding exemptions for various entities and individuals with sincerely held moral convictions opposed to coverage…
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The government has released a joint agency rule finalizing and expanding the exemption from the contraceptive coverage mandate under the Patient Protection and Affordable Care…
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Congressional Republicans are looking to move forward with certain legislative tax efforts during the lame-duck session, which is set to begin next week. The House’s…
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An individual was not operating her music club for profit and, therefore, could not deduct losses associated with it. The taxpayer had no expertise in…
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Proposed regulations would provide guidance on the new Section 846 discounting rules for unpaid losses and estimated salvage recoverable of insurance companies, implementing changes made…
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Amendments to the return preparer regulations expand the scope of preparer due diligence. The regulations apply to the due diligence penalty as it applies to…
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The IRS is expected to soon release proposed regulations for tax reform’s new business interest limitation. “They are so broad that nearly every domestic taxpayer…
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