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
Taxpayers that engage in complex transactions need to be aware of the economic substance doctrine and the associated 40% strict liability penalty.
Taxpayers undertaking major construction projects await answers on whether they can take advantage of the new qualified production property deduction.
Recently released proposed regulations on the new temporary auto loan interest deduction and reporting provide some clarity but leave questions.
Recently released final regulations clarify how taxpayers determine and report qualified derivative payments in securities lending transactions.
As tax departments seek to transform and use AI to be more efficient and streamlined, having a plan that focuses on growth and progress is essential.
Three recently released notices provide much-needed interim guidance and preview what’s to come under the OBBBA’s international tax transition rules.
Taxpayers that engage in complex transactions need to be aware of the economic substance doctrine and the associated 40% strict liability penalty.
Taxpayers undertaking major construction projects await answers on whether they can take advantage of the new qualified production property deduction.
Recently released proposed regulations on the new temporary auto loan interest deduction and reporting provide some clarity but leave questions.
Recently released final regulations clarify how taxpayers determine and report qualified derivative payments in securities lending transactions.
As tax departments seek to transform and use AI to be more efficient and streamlined, having a plan that focuses on growth and progress is essential.
Three recently released notices provide much-needed interim guidance and preview what’s to come under the OBBBA’s international tax transition rules.
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