Federal Tax Headlines

The IRS is increasing it enforcement actions for syndicated conservation easement transactions. This includes more coordinated examinations across IRS divisions, as well as more criminal…

The IRS has released the final version of the 2020 Form W-4, Employee’s Withholding Allowance Certificate. The final version is little changed from a second…

A fractured Tax Court rejected another constitutional challenge to the law that bars expense deductions for legal marijuana businesses. However, two judges embraced the taxpayer’s…

President Donald Trump on December 20 signed a bipartisan, year-end government spending and tax package just hours before federal funding was set to expire. Trump’s signature…

Recently, Congress enacted legislation that formally requires the IRS to maintain its Office of Appeals (Taxpayer First Act (P.L. 116-25, July 1, 2019). In addition…

IRS efforts to crack down on micro-captive insurance schemes continue after some wins in the U.S. Tax Court. The IRS also recently made a limited…

Individuals can now buy “short-term limited-duration insurance” (or “STLDI”) contracts that last up to nearly a year.  These contracts are not subject to the Affordable…

Proposed regulations allow taxpayers to make tax-free replacements of interest rates tied to LIBOR (London Interbank Offered Rate) in debt instruments and non-debt contracts. Taxpayers…

Recent IRS guidance on cryptocurrency concludes that owners realize income when a hard fork is followed by an airdrop. Although many other cryptocurrency issues remain…

Starting in 2020, employers can set up individual coverage health reimbursement arrangements (ICHRAs) for employees and related individuals.  An ICHRA can reimburse an employee for…