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

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Why Human-Centered AI Is Changing R&D Credit Defensibility
Why Human-Centered AI Is Changing R&D Credit Defensibility
R&D credits studies built on human-centered AI can produce results that are better suited to withstand the evolving IRS examination environment.
Hospital Financial Assistance Policies
Hospital Financial Assistance Policies
To comply with Section 501(r), hospitals should consider specific criteria when reviewing and updating the financial assistance policies.
OECD Pillar 2 Side-by-Side Package
OECD Pillar 2 Side-by-Side Package
The OECD released its side-by-side package, providing safe harbor relief to U.S.-parented MNEs from certain global minimum tax liabilities.
Codified Economic Substance: 5 Things To Know
Codified Economic Substance: 5 Things To Know
Taxpayers that engage in complex transactions need to be aware of the economic substance doctrine and the associated 40% strict liability penalty.
Beginning of Construction for QPP
Beginning of Construction for QPP
Taxpayers undertaking major construction projects await answers on whether they can take advantage of the new qualified production property deduction.
Proposed Rules on Auto Loan Deduction and Reporting
Proposed Rules on Auto Loan Deduction and Reporting
Recently released proposed regulations on the new temporary auto loan interest deduction and reporting provide some clarity but leave questions.
Why Human-Centered AI Is Changing R&D Credit Defensibility
Why Human-Centered AI Is Changing R&D Credit Defensibility
R&D credits studies built on human-centered AI can produce results that are better suited to withstand the evolving IRS examination environment.
Hospital Financial Assistance Policies
Hospital Financial Assistance Policies
To comply with Section 501(r), hospitals should consider specific criteria when reviewing and updating the financial assistance policies.
OECD Pillar 2 Side-by-Side Package
OECD Pillar 2 Side-by-Side Package
The OECD released its side-by-side package, providing safe harbor relief to U.S.-parented MNEs from certain global minimum tax liabilities.
Codified Economic Substance: 5 Things To Know
Codified Economic Substance: 5 Things To Know
Taxpayers that engage in complex transactions need to be aware of the economic substance doctrine and the associated 40% strict liability penalty.
Beginning of Construction for QPP
Beginning of Construction for QPP
Taxpayers undertaking major construction projects await answers on whether they can take advantage of the new qualified production property deduction.
Proposed Rules on Auto Loan Deduction and Reporting
Proposed Rules on Auto Loan Deduction and Reporting
Recently released proposed regulations on the new temporary auto loan interest deduction and reporting provide some clarity but leave questions.
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Rochelle Hodes
Rochelle Hodes
Principal, Washington National Tax