Menu

Tax Alerts

Soft letters will be first step in IRS' S corporation losses campaign

Soft letters will be first step in IRS' S corporation losses campaign

S corporation shareholders who claimed losses without attaching a basis computation are most likely targets of the soft letters.

  • Ed Decker, Lori Anne Johnston
  • |
  • April 28, 2017
Tennessee bill enacts wide-ranging tax changes

Tennessee bill enacts wide-ranging tax changes

Tennessee enacts Hall income tax and sales tax rate reductions, gas tax increases, single-sales factor election for manufacturers.

  • Sherri York, Charles Britt, Matt Arnold
  • |
  • April 27, 2017
Trump administration releases tax reform proposal

Trump administration releases tax reform proposal

Newly announced proposal draws heavily on President Trump’s campaign proposals; many critical details are not addressed.

  • Don Susswein, Stefan Gottschalk, Ben Wasmuth
  • |
  • April 27, 2017
President Trump's executive order requires review of tax regulations

President Trump's executive order requires review of tax regulations

Treasury to review significant tax regulations issued in 2016 and 2017, likely including debt-equity and corporate inversion regulations.

  • Nick Gruidl, Justin Audenaert
  • |
  • April 25, 2017
Tax Court holds extension of prepaid forward contract not taxable

Tax Court holds extension of prepaid forward contract not taxable

Taxpayer recognized no gain when its obligation to deliver shares was delayed; application of decision to other contracts may be limited.

  • Ramon Camacho, Don Susswein, Stefan Gottschalk
  • |
  • April 25, 2017
IRS releases new guidance on certain PATH Act provisions

IRS releases new guidance on certain PATH Act provisions

The IRS issues Rev. Proc. 2017-33 providing additional guidance concerning section 179 and bonus depreciation issues.

  • Ryan Corcoran , Justin Silva, Holly Lynch
  • |
  • April 24, 2017
Tax Court denies taxpayer’s loss on real estate activities

Tax Court denies taxpayer’s loss on real estate activities

The Tax Court has reiterated that contemporaneous documentation is important when substantiating activity to avoid passive treatment.

  • Ed Decker
  • |
  • April 21, 2017
Connecticut releases notice on single-sales factor and market sourcing

Connecticut releases notice on single-sales factor and market sourcing

Department of Revenue Services provides guidance on recent legislative apportionment changes to the state business tax and income tax.

  • Harlan Kwiatek, Rob Van Gulick, Mo Bell-Jacobs
  • |
  • April 21, 2017

Subscribe to Tax Alerts

(* = Required fields)