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The Internal Revenue Service issued final regulations to define when a domestic entity is considered a specified domestic entity that must report specified foreign financial assets in which it holds
According to recently released Internal Revenue Service examination percentages for the last decade, S corporations and partnerships are being audited at higher rates for fiscal year 2015 (October 1, 2014
After seven years of fighting, a settlement was reached in a patent infringement case between Marvell Technology Group (Marvel) and Carnegie Mellon University (CMU). Previous Court decisions had awarded royalties
The Senate Finance Committee in Congress held a recent hearing at the 215 Dirksen Senate Office Building titled: “Helping Americans Prepare for Retirement: Increasing Access, Participation and Coverage in Retirement
To the chagrin of the charitable organization community, the Internal Revenue Service (IRS) issued new reporting rules introduced in the fall of 2015. Those proposed regulations were intended to implement
Transactions between partners and partnerships can be exceedingly complex. As such, to ensure that there are not unanticipated tax consequences, such transactions have to be carefully vetted before they are
On December 18, 2015, President Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015. This bill made more than 20 tax relief provisions permanent. Additionally,
As administrative costs increase and personnel count within the IRS substantially decreases, it is likely that any issues identified within a particular taxpayer’s income tax returns will first be disclosed
Internal Revenue Code The Internal Revenue Code rules governing Individual Retirement Account (IRA) rollovers and allowable investments are complex and demand respect when planning. Particularly limiting is the general inability
The holiday season seems to be the catalyst for a great deal of the charitable giving undertaken by taxpayers each year within the United States. Whether the holiday season strikes
Effective for years beginning January 1, 2015, the Internal Revenue Service presented taxpayers with an incredibly complex set of depreciation rules (the tangible property regulations) that essentially applied to every
As with all government programs, regulatory complexity brings with it a variety of planning opportunities. Social Security is no exception, and since the passage of the Senior Citizens Freedom to
