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
Certain taxpayers that elected to opt out of Section 163(j) have a window to withdraw their election given the changes made by the OBBBA.
Recent IRS guidance restarts the program allowing group exemptions for exempt entities with subordinate organizations and provides updated procedures.
Newly released proposed regulations would remove the onerous and broad partnership basis-shifting disclosure obligations for partnerships.
Many importers could be entitled to refunds after the Supreme Court ruled that tariffs imposed by the Trump administration were illegal.
The IRS released a preview of changes to foreign currency gain and loss rules, making it easier for CFCs to calculate income.
The IRS released interim guidance that provides relief from some of the complexities under the corporate alternative minimum tax (CAMT) regime.
Certain taxpayers that elected to opt out of Section 163(j) have a window to withdraw their election given the changes made by the OBBBA.
Recent IRS guidance restarts the program allowing group exemptions for exempt entities with subordinate organizations and provides updated procedures.
Newly released proposed regulations would remove the onerous and broad partnership basis-shifting disclosure obligations for partnerships.
Many importers could be entitled to refunds after the Supreme Court ruled that tariffs imposed by the Trump administration were illegal.
The IRS released a preview of changes to foreign currency gain and loss rules, making it easier for CFCs to calculate income.
The IRS released interim guidance that provides relief from some of the complexities under the corporate alternative minimum tax (CAMT) regime.
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