Otto von Bismarck is credited with the saying, “Law and sausage are two things you do not want to see being made.” This might be unfair to current artisanal dry-cured meat producers, but it is still quite the case with Congress.
Over the last decade, there have been numerous class actions regarding telecommunication companies’ use of railroad easements.
In Section 9.03(3) of the new Revenue Procedure 2014-4, the IRS has clarified that the option to request expedited handling is no longer available for determination letters.
New Year, New IRS Filing Requirement for Nonprofits: Reporting Changes to “Responsible Party” On Form 8822-B
Effective January 1, 2014, the IRS is using a new form – Form 8822-B – for organizations to report changes to their “responsible party.” Form 8822-B applies to all entities with a federal employer identification number (EIN), and includes a box to check if the organization is tax-exempt.
It is tax season and it is time to think about getting your taxes done. This time of year is filled will angst for most people.
Service Issues Safe Harbor Guidance for Allocating Rehabilitation Tax Credits in Light of Third Circuit’s Decision in Historic Boardwalk Hall, LLC
In Rev. Proc. 2014-12, 2014-3 IRB 1 (12/30/2013), the Internal Revenue Service issued guidance explaining under what set of circumstances it will not challenge a partnership allocation of section 47 rehabilitation tax credits to its partners, i.e., the investor partner seeking a full or large allocation of the available credits.
The Foreign Investment in Real Property Act of 1980 (mercifully shortened in real estate and tax circles to “FIRPTA”) is a federal law designed to collect taxes on a foreign seller’s “disposition” of real property held in the U.S.
The Treasury and Service Issue Regulations On Determining Stock Ownership and Annual Filing Requirements of U.S. Persons Owning Stock in Passive Foreign Investment Companies
Approximately three years after Congress enacted a filing requirement in section 1298(f) , the Service and Treasury, on December 30, 2013, issued guidance in the form of final, temporary and proposed regulations.
Fully insured health plans have not been subject to any the nondiscrimination requirements. Those plans could discriminate on eligibility, contributions, and benefits, without triggering adverse tax consequences to either the plan or the plan participants.