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IRS goes against immigrants who commit tax fraud: what should you know?
The IRS is set to undergo significant changes in its role concerning immigration law enforcement, following a request from the Department of Homeland Security.
JD Supra2d
Proposed Regulations Issued Under Internal Revenue Code § 162(m)
In the last few days preceding President Donald Trump’s inauguration, the IRS under the Biden administration proposed regulations to implement amendments to Internal Revenue Code § 162(m) that were ...
JD Supra2d
Tech-Neutral Credits Final Regulations Released for Clean Electricity Production
The U.S. Department of the Treasury (Treasury) and Internal Revenue Service (IRS) have released final regulations for two new tax credits under ...
JD Supra2d
Treasury and IRS Release Guidance on Clean Fuel Production Credit
The U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) have released a notice of intent to propose regulations and ...
JD Supra2d
Final Regulations Issued on Allocation of Partnership Liabilities Under Section 752
On December 2, 2024, the U.S. Department of the Treasury (“Treasury”) and the Internal Revenue Service (the “IRS”) published ...
How Fire Victims Can Rebuild Without Tax On Their Insurance Proceeds
Under the tax rules, amounts received for damage to property, including property insurance payments, are treated as sales ...
A global corporate tax turf war between Trump, the GOP and U.S. allies is brewing
As President Trump threatens a wider trade war on EU and other allies, an obscure global tax battle could be one retaliatory result, and target U.S. business.