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Tax Alerts

Subscribe today to receive tax updates at the frequency you prefer. Tax Alerts offer timely notification of the latest changes in federal, state and international tax legislation, court rulings and tax authority positions, distributed as the news breaks. Tax Alerts Roundup compiles each of these alerts in a biweekly newsletter for your convenience.

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most recent tax alerts

Timely mailed is not always timely filed

Timely mailed is not always timely filed

Court dismisses a tax refund suit for lack of jurisdiction, though postmarked before the statute of limitations expired.

  • Alina Solodchikova, Evan Stone, Cindy Hull
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  • August 22, 2019
New Jersey to revise GILTI and FDII guidance

New Jersey to revise GILTI and FDII guidance

New Jersey Division of Taxation rescinds unpopular GILTI and FDII allocation guidance issued in December; new guidance expected shortly.

  • Harlan Kwiatek, John Fielding, Amanda Pucciarelli
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  • August 22, 2019
CCA 201933009 - a reverse acquisition in substance, if not by letter

CCA 201933009 - a reverse acquisition in substance, if not by letter

IRS Chief Counsel opined that Target’s consolidated group survived notwithstanding the explicit language of the reverse acquisition rules.

  • Patrick Phillips, Tonya Williams
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  • August 22, 2019
IRS issues guidance on uncashed retirement distribution checks

IRS issues guidance on uncashed retirement distribution checks

IRS answers a few important questions regarding the taxation and withholding rules for uncashed distribution checks.

  • Bill O’Malley
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  • August 19, 2019
Treasury issues proposed guidance on cloud computing

Treasury issues proposed guidance on cloud computing

Proposed regulations provide guidance on classifying cloud transactions and income sourcing for transfers of digital content.

  • Jamison Sites, Lori Anne Johnston, Ravi Dadlani
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  • August 16, 2019
IRS notification and John Doe summonses changes become effective

IRS notification and John Doe summonses changes become effective

As of Aug. 16, 2019, the Taxpayer First Act modifies the notification rules when contacting third parties and limits John Doe summonses.

  • Alina Solodchikova, Evan Stone, Cindy Hull
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  • August 16, 2019
Altera saga continues as taxpayer seeks revisit of IRS victory

Altera saga continues as taxpayer seeks revisit of IRS victory

Cost-sharing arrangements remain in flux as Altera continues. Taxpayers should monitor the developments to ensure appropriate alignment.

  • Bob Bamsey
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  • August 15, 2019
IRS releases simplified method change for insurers’ reserves

IRS releases simplified method change for insurers’ reserves

Rev. Proc. 2019-34 offers simplified procedures for insurers to change accounting methods to comply with section 807 for reserves.

  • Ryan Corcoran , Joann McCullough , Tom Kivell
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  • August 13, 2019
Want to split up with your business partner?

Want to split up with your business partner?

In PLR 201930011, the Service rules that it is OK to “go your own way” without tax penalty in a textbook split-up.

  • Nick Gruidl, Tonya Williams
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  • August 05, 2019
Kansas offers remote seller guidance without a small-seller threshold

Kansas offers remote seller guidance without a small-seller threshold

The state has indicated that it will enforce economic sales tax nexus on Oct. 1, 2019, without a minimum sales or transaction threshold.

  • Scott Durham, Jack Rodriguez, Taylor Schnack
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  • August 05, 2019