February 20, 2017
Trusts & Estates
Fiduciary entities, other than specific charitable entities such as charitable remainder trusts, charitable lead trusts, or private foundations, are allowed many of the same deductions as an individual.
February 09, 2017
On January 31, 2017, the Large Business and International division of the IRS rolled out the latest phase in a new effort aimed at improving compliance and updating the agency's approach to taxpayer examinations.
February 07, 2017
The passing of the Protecting Americans from Tax Hike (PATH) Act of 2015 introduced many exciting changes related to the Research and Development (R&D) Tax Incentive program.
February 02, 2017
On January 18, 2017, the Internal Revenue Service ("IRS") published administrative guidance in Notice 2017-15, providing specific policy and procedures for retroactively changing the tax treatment of federal estate, gift and generation-skipping transfers (GST) in the estates of same-sex married couples whose marriages were not legally recognized prior to the United States Supreme Court's decision in United States v. Windsor.
January 25, 2017
For individual filers who are required to e-file their income tax returns, don't be surprised to hear your accountant tell you she needs a copy of your driver's license or state ID in order to process your filing.
January 23, 2017
Tax Return Compliance
On April 16, 2016, the IRS released an updated version of Form W-8BEN-E, Certificate of Status of Beneficial Owner for United States Tax Withholding and Reporting (Entities), along with Instructions.
January 17, 2017
The IRS issued Notice 2016-66 on November 1, 2016, identifying certain transactions relating to small captive insurance companies as "transactions of interest."
January 16, 2017
Tax Return Compliance
IRS Notice 2017-9, explains the scope of a new de minimis error safe harbor for information returns and payee statements created by the Protecting Americans from Tax Hikes Act of 2015 (PATH Act).
January 09, 2017
When it comes to construction contracts and the IRS, the rules can be very complex. The IRS specifically addresses tax matters and construction industry issues within Internal Revenue Code Section 460.
January 03, 2017
The IRS has recently issued final regulations regarding the treatment of U.S. disregarded entities wholly owned by foreign persons. These final regulations became effective December 13, 2016.