Federal Tax Headlines

The IRS has extended the interim guidance provided in Notice 2010-79, I.R.B. 2010-49, 809, as clarified and modified by Notice 2011-4, I.R.B. 2011-2, 282, and…

The IRS has released the 2011 inflation adjustment factor for the carbon dioxide (CO2) sequestration credit. The 2011 inflation-adjusted credit applies to the amount of…

Taxpayers were entitled to exclude 50% of the gain from their sale of corporate stock as gain from the sale of qualified small business stock…

The IRS has issued final regulations relating to the election and calculation of the alternative simplified credit. The final regulations implement changes to the credit…

The IRS has issued proposed and temporary regulations that remove the duplicate filing requirement for Form 5472, Information Return of a 25% Foreign-Owned U.S. Corporation…

The allocation of a professional golfer’s endorsement income, both between U.S.-source and non-U.S.-source income and between personal service income and royalty income, was addressed by…

The IRS has provided guidance on the extent to which grantors, donors and contributors may rely on an organization’s listing in Publication 78, Cumulative List…

The IRS has announced that approximately 275,000 organizations have lost their exempt status due to their failure to file annual reports for three years. While…

Two closely held corporate groups were subject to the accuracy-related penalty for several years. The individual who prepared and signed the returns was an employee…

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