The IRS has issued its long-awaited proposed regulations addressing the issue of whether taxpayers can make charitable deductions in exchange for a tax credit.
Under the new CbC reporting requirements, MNEs must assess their readiness by collecting and processing specific data.
We have waited in limbo for the past year to learn the fate of these proposed changes to the tax code. Just over a week ago, the estate and gift tax planning world finally received some closure.
On June 13, 2017, the IRS issued proposed regulations with new procedures for partnership audits.
The final regulations, which go into effect for taxable years ending on after Jan. 19, 2017, eliminate the inclusion for many types of entities and provide definitions for many terms used throughout the regulations. Here is a synopsis of the exceptions and definitions:
If you are the owner of rental property, are you taking full advantage of tax deductions that may be available to you under the tangible property regulations?
New Section 385 proposed regulations could be among the most significant changes to income tax law ever undertaken via administrative authority. Learn more.
Final DOL regulations on which employees will be entitled to overtime pay will impact businesses in 2016 and beyond. Learn how they may affect your company.
Indian law has been changing. Here are some of the key changes introduced in Indian legal era by way of Notifications and Circular in various tax and regulatory laws.
Complying with the new regulations will likely require many taxpayers to change their current methods of accounting.