The IRS issued a news release announcing the release of an Excel-based Percentage-of-Completion Method Look-Back Interest Calculator to assist businesses with large, multi-year construction or manufacturing contracts in computing interest ...
The IRS issued a news release announcing additional guidance on the applicability dates of recently proposed regulations under I.R.C. §892, which exempts foreign governments from U.S. tax on certain income ...
The IRS has released Internal Revenue Bulletin 2026-23. [IRB 2026-23, 06/01/26]
The IRS issued a revenue procedure providing the 2027 inflation-adjusted amounts under I.R.C. §223 for Health Savings Accounts (HSAs), including annual contribution limits, high deductible health plan minimum deductibles, and ...
The U.S. Tax Court, in a memorandum decision, held that a taxpayer fraudulently failed to file federal income tax returns and was liable for additions to tax under I.R.C. §6651(f), ...
The U.S. Tax Court held that a taxpayer was not entitled to claimed business expense deductions and was liable for additions to tax, sustaining the IRS’s deficiency determination. Taxpayer, an ...
The U.S. Tax Court held that a taxpayer’s criminal conviction under I.R.C. §7201 for tax evasion collaterally estopped him from denying civil fraud penalties under I.R.C. §6663 for the same ...
The IRS has issued a private letter ruling on Treas. Regs. §§301.9100 and 301.7701 granting a limited liability company a 120-day extension to file Form 8832 electing disregarded entity status ...
The IRS has issued a private letter ruling on I.R.C. §§2632 and 2642 and Treas. Reg. §26.2642 granting taxpayer a 120 day extension to elect out of automatic generation-skipping transfer ...
The IRS has issued a private letter ruling on I.R.C. §§355 and 368 and Treas. Regs. §§1.355 and 1.312 addressing corporate reorganization tax treatment where a corporation converts a disregarded ...
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