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Internal Revenue Service

The United States Internal Revenue Service is a bureau of the United States Department of the Treasury. The IRS is charged with collecting revenue and enforcing the Internal Revenue Code.  
Ropes & Gray LLP

IRS Announces Intent to Issue Regulations on Expanded Executive Compensation Excise Tax for Tax-Exempt Organizations

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On June 5, 2026, the Internal Revenue Service released Notice 2026-36 announcing its intent to issue proposed regulations under Section 4960 of the Internal Revenue Code addressing the significant expansion under the One Big...more

Eversheds Sutherland (US) LLP

Additional Section 892 proposed regulations to provide transitional relief

In December 2025, Treasury and the IRS issued proposed regulations under Code section 892 (Prior Proposed Regulations) addressing the taxation of foreign government investment income in the United States. Key provisions...more

Ballard Spahr LLP

Kwong Decision Creates Refund Opportunity: IRS COVID-19-Related Protective Claims Due July 10

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Recent legal developments may create a significant but time-sensitive refund or abatement opportunity for taxpayers that were assessed and paid certain federal tax penalties and interest during the COVID-19 federal disaster...more

Fenwick & West LLP

Paschall: Tax Court Memorandum Holds that Staking Rewards are Taxable Income in Pro Se Case on Erroneous Stipulated Facts

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On June 4, 2026, the U.S. Tax Court released a memorandum decision in Paschall v. Commissioner addressing the federal tax treatment of staking, holding that there was taxation on staking rewards credited to Mr. Paschall’s...more

Partridge Snow & Hahn LLP

Be Ready to Borrow: Practical Steps Nonprofits Can Take Now

Nonprofits that prepare early are better positioned to access credit quickly when needs arise. Lenders move faster and negotiate more favorably when an organization’s governance, regulatory, and financial house is in order....more

Seyfarth Shaw LLP

The Week in Weed: June 2026

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​​​​​​​Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we see lawsuits filed to block cannabis rescheduling. Minnesota is taking steps to overhaul their...more

Alston & Bird

Treasury and IRS Ease Reporting Requirements for Sales of Partnership Interests

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Our Federal & International Tax Group examines final regulations that relieve partnerships from the requirement to report a transferor’s share of hot assets and other items within a short time after a transfer of partnership...more

Husch Blackwell LLP

Required Retirement Plan Amendments & Pre-Approved Plan Restatements: Action Required by December 31

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Two critical deadlines are converging. Calendar year plans must adopt amendments reflecting the SECURE Act, CARES Act, and SECURE 2.0 by December 31, 2026 (with later deadlines for collectively bargained and governmental...more

Polsinelli

Congress Considers Expanded Schedule H Reporting Requirements for Tax-Exempt Hospitals

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Key Takeaways: Congress is considering expanded Schedule H reporting requirements for certain tax-exempt hospital organizations required to file Form 990 to require more detail on community benefit, charity care, 340B...more

Husch Blackwell LLP

Section 45Z Questions Put Producers at Risk

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At a May 28, 2026 public hearing, fuel producers, agricultural stakeholders, and environmental credit companies testified before the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS), calling...more

Alston & Bird

Treasury, IRS Propose Relaxed Effective Dates for Section 892 Rules

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Our Federal & International Tax Group examines newly proposed Treasury Department and Internal Revenue Service (IRS) regulations that would delay the effective dates of Section 892 rules governing foreign government...more

Eversheds Sutherland (US) LLP

The IRS strikes back – Recent developments in Kwong and Abdo

Following the recent decisions in Kwong v. United States (US Court of Federal Claims, 2025) and Abdo v. Commissioner (US Tax Court, 2024), the government clarified its position regarding COVID-19 disaster relief in an Action...more

Morgan Lewis - ML Benefits

Designing Executive Loan Programs in the Context of Incentive Equity: Key Considerations and Practices

Executive loan programs have become a popular strategic response to complex executive compensation demands in a competitive talent market. The use of loan programs in conjunction with incentive equity awards has also seen an...more

McDermott Will & Schulte

Transfer pricing, MAP, and Fast Track: The forces reshaping tax controversy

One message stood out during our Tax Symposium 2026 session, Tax controversy: What’s hot and what’s not: The Internal Revenue Service (IRS) is becoming more strategic in how it pursues audits and disputes in today’s...more

Freeman Law

Menge v. Commissioner, Tax Court Memo. 2026-41 | May 19, 2026 | Kerrigan, J. | Dkt. No. 18451-23L

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Taxpayer filed federal tax returns for tax years 2015 through 2018 but did not pay the taxes owed. The IRS issued a Notice of Intent to Levy, and taxpayer requested a Collection Due Process hearing....more

McDermott Will & Schulte

IRS roundup: May 18 – May 26, 2026

A Treasury Inspector General for Tax Administration (TIGTA) report warned that the IRS’s efforts to transition to a “zero-paper” processing system faces significant obstacles related to funding, staffing shortages, and...more

Freeman Law

The 280E Refund Window Is Open and the Clock Is Already Running on Your Money

Freeman Law on

For over forty years, Section 280E of the Internal Revenue Code imposed a unique challenge on cannabis operators, unlike any other legal business: it taxed them on income they never actually retained....more

DLA Piper

Proposed Section 892 regulations address applicability dates and transition rule: Key takeaways

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The United States Department of the Treasury (Treasury Department) and the Internal Revenue Service (IRS) published new proposed Section 892 regulations (2026 Proposed Regulations) regarding the applicability dates of...more

Rivkin Radler LLP

No Matter How Bad it Gets . . . Pay Your Withholding Taxes?

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According to statistics released by the Administrative Office of the U.S. Courts for the twelve-month period ending Dec. 31, 2025, bankruptcy filings by businesses rose 7.1 percent and non-business filings increased by 11.2...more

Venable LLP

ERC Refund Lawsuits: Protecting Your Rights as Deadlines Approach

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Many businesses and nonprofit organizations that filed employee retention credit (ERC) refund claims received refund claim denial letters from the IRS; the first wave of these letters was issued in July and August 2024. This...more

McDermott Will & Schulte

IRS announces 2027 HSA, HDHP, excepted benefit HRA, DPCSA limits

The Internal Revenue Service (IRS) recently announced (see Revenue Procedure 2026-24) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and...more

Cozen O'Connor

Opportunity Zone Nomination Window Opens July 1- A Critical Advocacy Opportunity for Investors, Developers, and Communities

Cozen O'Connor on

A new, once-in-a-decade window is opening for the designation of federal Opportunity Zones (OZs), which creates a significant and time-sensitive opportunity for developers, investors, businesses, and community stakeholders to...more

Farrell Fritz, P.C.

Tax Partner, Not True Partner: The Limits of K-1s in Business Divorce Litigation

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The Schedule K-1 is a tax form that pass-through entities use to report each owner’s share of the entity’s income, deductions, credits, and other tax items. It is also one of the great rock stars of business divorce...more

Skadden, Arps, Slate, Meagher & Flom LLP

IRS and Treasury Propose Revised Applicability Dates for Section 892 Rules on Foreign Government Investments

On May 29, 2026, the Internal Revenue Service (IRS) and Department of the Treasury released new proposed regulations under Section 892. These new proposed rules provide revised applicability dates for the Section 892 rules...more

Ruder Ware

2027 HSA Limits Are Announced

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On May 29, 2026, the IRS announced the Health Savings Account limits for 2027.  With respect to contribution limits, and reflecting the inflationary environment, the limits are higher than the ones for 2026 and the required...more

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