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Latest News & Information
Services & Practice Areas
Fiscal Year (FY) 2015 Budget Proposals2013 Tax Year-In-ReviewFinal Net Investment Income, Additional Medicare Tax Regulations
Retirement plan participants can allocate pre-tax and after-tax amounts among multiple distributions
The IRS is giving retirement plan participants greater flexibility to allocate pre-tax and after-tax amounts among plan distributions made to multiple destinations, such as eligible retirement plan...
IRS provides procedures for taxpayers to change accounting methods to take advantage of new “repair” regulations on dispositions of tangible property
The IRS has issued updated guidance (Rev. Proc. 2014-54) that grants automatic consent to taxpayers to change their methods of accounting to comply with final “repair” regulations on di...
D.C. Circuit Court of Appeals will revisit ruling on premium assistance tax credit
The Court of Appeals for the District of Columbia has agreed to a rehearing of its recent decision in Halbig v. Burwell, July 22, 2014, an important case in which the court struck down the IRS&rsqu...
Tax Court finds airline ticket obtained with “thank you points” was income
The Tax Court has found that the value of an airline ticket obtained through the redemption of "thank you points" was includable in income.BackgroundA married couple ...
Final regulations address hybrid defined benefit retirement plans
The IRS has issued final regulations (TD 9693) on the relief provisions in Code Secs. 411(a)(13) (vesting) and 411(b)(5) (accrual of benefits) for hybrid defined benefit retirement plans, including...