Treasury Department Offers Taxpayer Relief During Coronavirus Pandemic
NOTE: The below represents an update to our original blog of the same title, amended to incorporate Treasury’s superseding guidance.…
IRS Creates Easier Path to Enforce Summonses
IRS Large Business and International (“LB&I”) employees oversee most large case examinations. In a Feb. 25, 2020 Memorandum, LB&I management…
IRS Ramps up Audits: Captive Insurance and Repatriation “Transition” Tax
As budgetary and personnel constraints have had an impact on the IRS approach to compliance, taxpayers and practitioners remain curious…
No Go for Charitable Contribution State Workaround
Since the passage of Tax Cuts and Jobs Act (“TCJA”), states with high tax rates have tried to establish workarounds…
Ninth Circuit Denies En Banc Review in Landmark Tax Case
As we reach the end of the year and assess the legal landscape of tax cases that could have a…
Opportunity Zone Deciphered – How are you advising your clients?
The Opportunity Zones incentive is an investment tool established by Congress in the Tax Cuts and Jobs Act of 2017…
CRYPTOCURRENCY UPDATE
Today the IRS released its first piece of guidance on cryptocurrency since Notice 2014-21, which was published in March of…
IRS Issues Guidance on Section 199: Rental Real Estate Safe Harbor
On September 24, 2019, the IRS issued Revenue Procedure 2019-38, which implements a safe harbor under which a real estate…
