June 26, 2020
Treasury and IRS issued proposed regulations implementing the elimination of the deduction by employers of qualified transportation fringe (QTF) expenses under the Tax Cuts and Jobs Act (TCJA) for tax years beginning after 2017. ...
June 29, 2020
The commissioner of the Large Business and International IRS Division recently announced that on July 15, the agency will launch an enforcement campaign that will examine several hundred high-income households that have a related ...
July 21, 2020
IRS and Treasury have released final regulations under Sec. 250 of the Internal Revenue Code (Code). The final regulations adopt the basic structure and approach of the proposed regulations but diverge in several notable ...
August 14, 2020
On July 31, 2020, Treasury and IRS released proposed regulations regarding Sec. 1061’s carried interest rule, which was enacted as part of the Tax Cuts and Jobs Act (TCJA). Targeting incentive allocations made to ...
September 09, 2020
Proof of Stake (PoS) has emerged as a popular alternative to cryptocurrency mining to add new blocks to a blockchain. Unlike mining, which requires expensive specialized equipment and consumes a large amount of ...
September 29, 2020
Treasury and IRS issued proposed regulations (REG-132766-18) offering guidance on the changes under the Tax Cuts and Jobs Act (TCJA) to simplify tax accounting requirements for certain businesses having average annual gross ...
October 08, 2020
Final regulations released by Treasury and IRS offer guidance for foreign persons that recognize gain or loss from the sale or exchange of an interest in a partnership that is engaged in a ...
