Menu

Tax Alerts

IRS releases guidance on qualified transportation benefit deductions

IRS releases guidance on qualified transportation benefit deductions

The IRS provides guidance to assist in determining expenses for parking fringe benefits for purposes of section 274(a)(4) and 512(a)(7).

  • Karen Field, Anne Bushman
  • |
  • December 11, 2018
IRS provides initial guidance on section 83(i) qualified equity grants

IRS provides initial guidance on section 83(i) qualified equity grants

Notice 2018-97 provides needed year-end clarity on certain interpretive and administrative issues for the new deferral opportunity.

  • Anne Bushman, Joe Indelicato
  • |
  • December 11, 2018
FATCA responsible officer certifications due Dec. 15, 2018

FATCA responsible officer certifications due Dec. 15, 2018

The deadline for FFIs to certify compliance and confirm their status rapidly approaches. Login to the FATCA portal now to avoid exposure.

  • Aureon Herron-Hinds, Tamarah Francois-Peek
  • |
  • December 06, 2018
The IRS says,

The IRS says, "Yes, there is no clawback"

Proposed regulations confirm that tax-free gifts made between 2018-2025 will not end up being taxable after 2025.

  • Charlie Ratner, Carol Warley, Rebecca Warren
  • |
  • December 06, 2018
Rev. Proc. 2018-60, a small light in the 451(b) wilderness

Rev. Proc. 2018-60, a small light in the 451(b) wilderness

IRS provides automatic consent for method changes implementing the yet-to-be-clarified revenue recognition rules of section 451(b).

  • Christian Wood, Lori Anne Johnston
  • |
  • December 04, 2018
Proposed interest deduction disallowance regulations issued

Proposed interest deduction disallowance regulations issued

Proposed rules address many open issues and would prescribe complex calculations for taxpayers deducting business interest expense.

  • Stefan Gottschalk, Ben Wasmuth, Jack Clarizio
  • |
  • November 30, 2018
IRS Form 1042 and 1042-S compliance campaign begins early 2019

IRS Form 1042 and 1042-S compliance campaign begins early 2019

The IRS is gearing up for its 1042 and 1042-S compliance campaign slated to begin in early 2019 with focus on common errors.

  • Aureon Herron-Hinds, Tamarah Francois-Peek
  • |
  • November 20, 2018
IRS considering relief to taxpayers owning foreign corporations

IRS considering relief to taxpayers owning foreign corporations

IRS Deputy Associate Chief Counsel Daniel McCall said government is working on regulations to correct downward attribution of CFC status.

  • Ramon Camacho, Jamison Sites, Jim Shaud
  • |
  • November 20, 2018

Subscribe to Tax Alerts