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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.  
Fox Rothschild LLP

Taxpayer Assistance and Service (TAS) Act Title 1: Tax Administration and Customer Service

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This article is the first in a series of articles analyzing the Taxpayer Assistance and Service Act (the “TAS Act”), bipartisan legislation introduced by Senators Crapo and Wyden to improve service and administration at the...more

Arnall Golden Gregory LLP

New IRS Guidance May Allow Real Estate Businesses to Reclaim Bonus Depreciation Lost to Section 163(j) Elections

Key Takeaways - IRS opens a limited window to reverse prior Section 163(j) elections. Revenue Procedure 2026-17 allows certain real estate businesses to withdraw an otherwise irrevocable election and potentially reclaim bonus...more

Eversheds Sutherland (US) LLP

Tax Bytes: Week of April 6, 2026

Welcome to the latest edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. We pull together the items we deem most important to provide...more

Seyfarth Shaw LLP

Upcoming Amendment Deadline: Is Your Company’s Retirement Plan Ready?

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Since 2019, Congress has enacted three major pieces of legislation impacting retirement plans, significantly changing the retirement landscape. The legislation contained a number of amendments to the Internal Revenue Code and...more

Morgan Lewis - ML Benefits

Roth Catch-Up Rules Finalized: What Multiemployer Plans Need to Know

The US Department of the Treasury and the Internal Revenue Service have finalized regulations under the SECURE 2.0 Act that change how certain retirement plan participants may make catch-up contributions. Beginning in 2026,...more

Jaburg Wilk

Most Settlement Proceeds Are Taxable: What the Ninth Circuit Just Made Clear

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A recent Ninth Circuit decision, Roman v. Commissioner (Mar. 18, 2026), reinforces how narrow the tax-free treatment of settlement proceeds is. In most cases, settlement payments are taxable unless they clearly compensate for...more

Ice Miller

USPS Postmark Rule Change Creates New Compliance Risks for Employee Benefit Plans

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A recent rule change issued by the United States Postal Service (USPS) may have significant implications for plan administrators. The rule alters how the USPS determines the official postmark date, introducing uncertainty for...more

Bradley Arant Boult Cummings LLP

Recent Alabama Tax Tribunal Rulings Remind Us of Two Traps for the Unwary Taxpayer (and Tax Practitioner)

Associate Alabama Tax Tribunal Judge Ralph M. Clements, III, recently appointed by Gov. Kay Ivey, has hit the ground running and issued two well-reasoned rulings that nevertheless illustrate traps for unwary taxpayers and...more

Parker Poe Adams & Bernstein LLP

IRS Clarifies Opportunity Zone Program, Identifying More Than 25,000 Eligible Census Tracts for Investors

Guidance issued this week by the IRS provides much-needed clarity for real estate developers, investors, and community leaders on which census tracts will qualify for the federal Opportunity Zone program....more

Beveridge & Diamond PC

Trump Administration Releases Guidance on Clean Energy Tax Credit Restrictions

On February 12, 2026, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued Notice 2026-15 (Notice) to guide clean energy projects’ eligibility to receive federal clean energy tax...more

Lasher

The 2026 IRS Dirty Dozen: Tax Scams Getting Smarter—and How to Stay Protected

Lasher on

As Tax Day rapidly approaches, the IRS recently released it’s annual “Dirty Dozen” list of tax scams (https://www.irs.gov/newsroom/dirty-dozen-tax-scams-for-2026-irs-reminds-taxpayers-to-watch-out-for-dangerous-threats). ...more

Dinsmore & Shohl LLP

How Businesses Can Get Tax Certainty from the IRS Before an Audit Ever Happens

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The tax code is complex, and even careful businesses can uncover mistakes years later. These issues surface in IRS audits and in transactions—where unresolved tax exposure can reduce value or disrupt a deal. Some owners...more

Fox Rothschild LLP

Senators Introduce Bipartisan Legislation to Significantly Improve Federal Tax Administration and Procedure

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On February 26, 2026, Senate Finance Committee Chairman Mike Crapo (R-Idaho) and Ranking Member Ron Wyden (D-Oregon) introduced the Taxpayer Assistance and Service Act, a bipartisan legislative package proposing significant...more

Eversheds Sutherland (US) LLP

New Revenue Procedure Offers Flexibility For Business Interest Limitation Elections

On March 18, 2026, Rev. Proc. 2026-17 was released, providing relief to taxpayers that made an election under section 163(j)(7) to be treated as an “electing real property trade or business,” “electing farming business,” or...more

McDermott Will & Schulte

IRS roundup: March 23 – March 31, 2026

A US Treasury Inspector General for Tax Administration (TIGTA) report found that the IRS’s approach to auditing large partnerships has been ineffective due to resource constraints and inefficient selection processes,...more

Kaufman & Canoles

ESOPs, Benefits & Compensation 2026 Spring Client Update

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In January, the IRS released updated notice language that plan administrators may use to notify participants of the tax impact of eligible rollover distributions. The new templates replace previously released versions, taking...more

Eversheds Sutherland (US) LLP

Recent Trump accounts guidance: Implications for employers and beyond

On March 9, 2026, the Department of the Treasury and the Internal Revenue Service (IRS) released two notices of proposed rulemaking regarding Trump accounts. The first set of proposed regulations provide guidance regarding...more

ASKramer Law

Welcome to The Crypto Zone Part III: How Do We Get Out?

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‍In Part I: Welcome To The Crypto Zone, Where Are We? I reviewed the global crypto landscape where people engage in a wide range of digital asset transactions and activities. In Part II: What Can We Find Here? I focused on...more

White & Case LLP

The IRS’s “Stay Out Of Jail” Voluntary Disclosure Tax Program Is Changing!

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Changes to the Internal Revenue Service's ("IRS") voluntary disclosure program ("VDP") are coming. On December 22, 2025, the IRS announced proposed changes and opened a 90-day public comment period (which ended March 22,...more

Groom Law Group, Chartered

Do You Have Treasury/IRS Guidance Recommendations?

Treasury/IRS recently issued Notice 2026-23, which requests recommendations for the 2026-2027 Priority Guidance Plan (PGP). Treasury/IRS use the PGP each year to identify and prioritize the tax issues that they should...more

Foley Hoag LLP

Navigating IRC Section 280E — Critical Updates for Cannabis Taxpayers as the 2025 Filing Deadline Approaches

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With the April filing deadline for 2025 tax returns fast approaching, cannabis companies must once again confront the burden of Section 280E of the Internal Revenue Code (“Section 280E”). Despite significant developments over...more

ASKramer Law

Welcome to The Crypto Zone Part II: What Can We Find Here?

ASKramer Law on

We began this series with Part I: Where Are We? by reviewing the background, developments, and implications of current global and national regulatory and tax frameworks for digital assets. In Part II: What Can We Find Here? I...more

Cadwalader, Wickersham & Taft LLP

Digital or Else: Proposed Regulations Would Nix Paper Crypto Payee Statements

Recently proposed regulations would authorize crypto brokers to deliver payee statements exclusively in electronic format. On March 5, 2026, the IRS and Treasury issued proposed regulations that, if finalized, would...more

Cadwalader, Wickersham & Taft LLP

IRS Finds Insufficient Basis for Basis-Shifting Reporting Regs

Almost one year after signaling that it would scrap the controversial partnership basis reporting rules finalized by the prior administration, the IRS has now proposed regulations formally withdrawing them....more

BCLP

One Big Beautiful Bill Act: Employer Reporting Obligations for “Qualified Overtime Compensation”

BCLP on

The One Big Beautiful Bill Act ( “OBBBA”) enacted in 2025 created a temporary federal income tax deduction for “qualified overtime compensation” paid to an employee....more

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