Ideas & Insights

IRS provides guidance about specificity requirement for filing refund claims for IRC section 41 research credit.

Delaware letters advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

IRS changes FAQ policy regarding new tax legislation and offers reliance on FAQs as reasonable cause defense to accuracy-related penalties.

The TE/GE division will add emerging issues, including COVID-related employer credits, to its existing compliance activities.

Recent leveraged spin-off ruling shows favorable tax treatment may still be available even outside of safe harbors provided in IRS guidance.

IRS rules anti-churning rules apply to deemed asset sales when certain intangible assets remain within the same consolidated group.

A roundup of recent tax law changes and other income tax provision considerations for the quarter ending Sept. 30, 2021.

A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending Sept. 30, 2021.

The IRS foresees better phone service for taxpayers by hiring more than 1,000 new phone assisters across all call lines.

Micro-captive insurance managers win preliminary injunction against enforcement of IRS Notice 2016-66’s reporting requirements.

Several provisions would tighten IRA rules for high-income individuals, and some other changes apply regardless of income level.

In an agent/principal relationship, the expenditures must inure primarily to the principal in order to avoid income to the agent.

The IRS launched a new webpage to guide individual taxpayers and C corporations with large refunds of more than $2 million.

The Complex Media Tax Court case and its applicability to section 351 transactions and the step-transaction doctrine.

What are the proposed tax changes affecting individual taxpayers and what should you consider today to limit your exposure to these changes?

The IRS has issued final regulations under section 301 which become effective Sept. 22, 2021, to reflect current law.

The Puerto Rico Treasury issued guidance establishing new rules that would require a transfer pricing study to deduct cross-border expenses.

The Ways and Means Committee proposed legislation targeting digital assets to increase tax revenue via wash and constructive sales rules.

IRS waives penalty for using dyed diesel fuel on highways in several Louisiana parishes through Sept. 30, 2021.

The IRS released a summary of findings on its Appeals LB&I pilot program, and has ended mandatory participation of Exam in conferences.