publishedarticles

February 26, 2018 by Mark W. Everson, former IRS Commissioner and alliantgroup Vice Chairman The Hill After nine years of a contentious relationship with the Internal Revenue Service, Republicans find themselves in the uncomfortable position of needing the IRS to deliver on tax reform. The stakes are high. In 2016 there were 30 percent more…

February 14, 2018 By Ryan Finley Published in Tax Notes To prevent unintended deferral of transition tax, calendar-year specified foreign corporations (SFCs) will be barred from changing their tax years if the resulting 2017 year would end before December 31, new IRS guidance says. With its February 13 release of Rev. Proc. 2018-17, the IRS…

January 17, 2018 By Stephanie Cumings Published in Tax Notes IRS Appeals could reverse course on letting counsel and compliance employees participate in its work, after the latest Taxpayer Advocate Service report said the collaboration threatens Appeals’ independence. If the IRS continues allowing this type of participation, it will further erode taxpayer faith in the…

December 5, 2017 By Lydia DePillis CNN Money In its frenzied rush to write a tax bill that could win enough votes, the Senate inadvertently weakened a powerful tool for promoting innovation. The research and development tax credit allows companies to write off a portion of their spending on experimentation for new and better products.…

October 31, 2017 By BERNIE BECKER Politico T-MINUS ONE DAY: House Ways and Means Chairman Kevin Brady (R-Texas) is scheduled to drop his eagerly anticipated tax bill in just one day, and there’s still a lot of frenzy surrounding the House GOP’s efforts. In fact, you’d be excused for thinking the House Republican tax writers…