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Senate reaches a deal to end the government shutdown

Senate reaches a deal to end the government shutdown

The continuing resolution will allow the IRS and other federal government agencies to reinstate normal operations.

  • John Deininger, Alina Solodchikova, Patti Burquest
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  • January 22, 2018
Partnership's CFC loan guarantees result in ordinary income inclusion

Partnership's CFC loan guarantees result in ordinary income inclusion

Tax Court found CFC’s guarantee of parent’s loan to be an investment in U.S. real property, and thus resulted in income inclusion.

  • Kyle Brown, Ramon Camacho
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  • January 22, 2018
IRS issues procedural change to transfer pricing exams

IRS issues procedural change to transfer pricing exams

The change means that the IRS will not issue a transfer pricing information document request anytime forms 5471 or 5472 are filed.

  • Ramon Camacho, John Deininger, Alina Solodchikova
  • |
  • January 18, 2018
IRS provides temporary relief for medical device tax deposits

IRS provides temporary relief for medical device tax deposits

The IRS released guidance allowing for late medical device excise tax deposits for excise taxes that resumed Jan. 1.

  • Tom Windram, Trina Pinneau
  • |
  • January 18, 2018
IRS updates Power of Attorney and Tax Information Authorization Forms

IRS updates Power of Attorney and Tax Information Authorization Forms

In order to combat identity theft, the IRS asks tax professionals for additional information and has updated Forms 2848 and 8821.

  • Patti Burquest, Alina Solodchikova
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  • January 16, 2018
IRS releases information on delinquencies that may revoke passports

IRS releases information on delinquencies that may revoke passports

The IRS released information defining seriously delinquent tax debts and taxpayers rights if passports are revoked because of those debts.

  • Patti Burquest, Trina Pinneau
  • |
  • January 15, 2018
U.S. Supreme Court to take up Quill challenge

U.S. Supreme Court to take up Quill challenge

Nation’s highest court to hear first state tax nexus case in 26 years, decision on remote sales tax collection expected by end of summer.

  • Brian Kirkell, Mo Bell-Jacobs
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  • January 15, 2018
IRS releases 2018 withholding tables

IRS releases 2018 withholding tables

Employers have until February 15 to implement new 2018 income tax withholding rates to reflect recent law changes.

  • Anne Bushman
  • |
  • January 12, 2018

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