Federal Tax Headlines

The Treasury Department and IRS intend to change the Code Sec. 871(m) regulations to delay the effective date of certain rules in the final regulations. Code Sec.…

A rail carrier was entitled to a refund of railroad retirement taxes that it paid on company stock it used to compensate employees. The Railroad…

All persons providing minimum essential coverage (such as issuers) are required to file annual information returns with the IRS reporting certain information, including information that…

A partnership and its partners were not allowed to deduct the losses and fees associated with Custom Adjustable Rate Debt Structure (CARDS) transactions. The taxpayers…

The IRS Criminal Investigation Division (IRS-CI) is putting together a new international tax enforcement group, according to IRS-CI Chief Don Fort. This information was revealed…

Senate Republicans are planning to move tax reform legislation through the budget reconciliation process this fall, Senate Majority Leader Mitch McConnell, R-Ky., told reporters on…

In an August 1 letter to President Trump, Senate Majority Leader Mitch McConnell, R-Ky., and Senate Finance Committee (SFC) Chairman Orrin G. Hatch, R-Utah, Senate…

The Problem Solvers Caucus, a bipartisan group of 40 House lawmakers, introduced a “compromise plan” on July 31 to address problems in the Patient Protection…

Top House lawmakers and the Trump administration hope to move tax reform legislation through Congress this fall. A united GOP front is expected for tax…

The White House and senior GOP leaders in Congress released a statement about tax reform. IRS Commissioner John Koskinen cautioned taxpayers and tax professionals to…