Federal Tax Headlines

Regulations affecting the valuation of inter vivos and testamentary transfers of interests dependant on one or more measuring lives have been finalized. The regulatory actuarial…

The IRS has released a new form that tax-exempt organizations will use to request determinations (other than initial exemption applications) about their tax-exempt status. The…

Senate Majority Leader Harry Reid, D-Nev., on August 9 announced he intends to appoint Sens. Patty Murray, D-Wash., Max Baucus, D-Mont., and John Kerry, D-Mass.,…

The IRS has reminded taxpayers that the 2011 Offshore Voluntary Disclosure Initiative (OVDI) will expire on Aug. 31, 2011. The 2011 OVDI was announced on…

President Obama on August 8 said he intends to advance recommendations to the Joint Select Committee on Deficit Reduction “over the coming weeks,” noting that…

The time and manner in which an executor of the estate of a decedent dying in 2010 elects pursuant to the Tax Relief, Unemployment Insurance…

The IRS has suspended certain requirements for low-income housing credit projects in order to provide emergency housing to those displaced by devastation caused by flooding…

President Obama on August 5 signed the Airport and Airway Extension Act of 2011, Part IV (P.L. 112-27) following Senate approval earlier by unanimous consent.…

For pension plan years beginning in August 2011, the IRS has released the corporate bond weighted average interest rate, the permissible range of interest rates…

Congressional leaders on August 4 announced that they had reached a bipartisan agreement on the Airport and Airway Extension Bill of 2011, Part IV (HR…