Tax News Highlights

Tax News Highlights

Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.

Recent updates

loading gif
Late Forms W-2 and 1099-NEC
Late Forms W-2 and 1099-NEC
Taxpayers that failed to timely file Forms W-2 and 1099-NEC by Jan. 31 might be able to reduce their late filing penalty by filing now.
Guidance Addresses Partnership Basis Shifting
Guidance Addresses Partnership Basis Shifting
New guidance identifies certain partnership basis-shifting transactions as transactions of interest subject to specific disclosure rules.
IRS Previews Regulations for Pillar 1’s Amount B
IRS Previews Regulations for Pillar 1’s Amount B
The IRS issued a notice previewing proposed regulations aimed at reducing taxpayer cost and burden for certain transfer pricing transactions.
Trump Issues Trade-Related Memorandum
Trump Issues Trade-Related Memorandum
On his first day in office, President Trump issued a trade-related memorandum previewing his trade policy changes to come.
Final Regulations on Partnership Recourse Liabilities
Final Regulations on Partnership Recourse Liabilities
After 11 years, the IRS and Treasury have finalized proposed regulations relating to the application of allocating partnership recourse liabilities.
IRS Announces Relief for California Wildfire Victims
IRS Announces Relief for California Wildfire Victims
In the wake of the devastating wildfires in Southern California, the IRS has put relief measures in place for qualifying taxpayers.
Late Forms W-2 and 1099-NEC
Late Forms W-2 and 1099-NEC
Taxpayers that failed to timely file Forms W-2 and 1099-NEC by Jan. 31 might be able to reduce their late filing penalty by filing now.
Guidance Addresses Partnership Basis Shifting
Guidance Addresses Partnership Basis Shifting
New guidance identifies certain partnership basis-shifting transactions as transactions of interest subject to specific disclosure rules.
IRS Previews Regulations for Pillar 1’s Amount B
IRS Previews Regulations for Pillar 1’s Amount B
The IRS issued a notice previewing proposed regulations aimed at reducing taxpayer cost and burden for certain transfer pricing transactions.
Trump Issues Trade-Related Memorandum
Trump Issues Trade-Related Memorandum
On his first day in office, President Trump issued a trade-related memorandum previewing his trade policy changes to come.
Final Regulations on Partnership Recourse Liabilities
Final Regulations on Partnership Recourse Liabilities
After 11 years, the IRS and Treasury have finalized proposed regulations relating to the application of allocating partnership recourse liabilities.
IRS Announces Relief for California Wildfire Victims
IRS Announces Relief for California Wildfire Victims
In the wake of the devastating wildfires in Southern California, the IRS has put relief measures in place for qualifying taxpayers.
Sign up to receive the latest tax insights as well as tax regulatory and administrative updates.

Related topics

Crowe tax professionals review the new Section 174 rules and address issues considering the limited IRS guidance. 
Organizations need to consider environmental, social, and governance (ESG) tax planning to comply with potential requirement changes and be competitive.

The 2022 midterm elections created a lot of uncertainty and a divided Congress. How will that impact tax oversight and legislation?

Crowe tax professionals review the new Section 174 rules and address issues considering the limited IRS guidance. 
Organizations need to consider environmental, social, and governance (ESG) tax planning to comply with potential requirement changes and be competitive.

The 2022 midterm elections created a lot of uncertainty and a divided Congress. How will that impact tax oversight and legislation?

Contact Us

Rochelle Hodes
Rochelle Hodes
Principal, Washington National Tax