August 19, 2018

Tax, Internal Revenue Service and Treasury Legal News

Tax law is one of the most complex areas of the law.  With the recent legislation, the Tax Cuts and Jobs Acts (TCJA), the first major change to tax law since 1986, this had many implications for business owners, as well as private individuals for tax filing purposes. Almost every decision a business makes may have tax consequences, and the National Law Review has legal analysis of the new TCJA legislation as well as updates on the IRS interpretations and guidance documents.

State Tax Laws (SALT)

Additionally, the National Law Review has coverage of many state’s tax laws, as well as states response to the TCJA.   These SALT issues are carefully analyzed by the legal experts who write for the National Law Review.  Along with state income tax rules, there is also information on how states are handling aspects of the gig economy, as well as state response to changes with the individual mandate under the Affordable Care Act.

GILTI Tax, Estate, Base Erosion Anti-Abuse Tax

From new tax implications under GILTI tax (Global Intangible Low Taxed Income), to deductions under the IRC for gifts and estate transfers, visitors can find the latest stories in relation to both business and personal tax laws. Visitors can read about the implications the TCJA has on multinational companies, how the BEAT tax (Base Erosion Anti-Abuse Tax) is calculated, or the effects estate taxes will have when deciding who to leave property to in a will.

Tax Deductions & Credits

With the evolving tax situations, there are many questions related to which tax credits and deductions are still on the table.  The National Law Review offers analysis of changing tax regulations, interpreting legislation to answer questions related to tax credits like the Family and Medical Leave Tax Credit as well as Historic Tax Credit, and renewable energy tax credits.

The National Law Review also covers stories and news about nonprofit and for-profit organizations, and how the current tax legislation affects these companies. Among the topics covered on the site are transfer taxes, estate taxes, tangible and property tax law, bankruptcy, restructuring, and tax implications on real estate. From news about tax implications on multinational organizations involved in international deals and relations, to tax implications under ACA (Affordable Care Act) and HSA (health savings accounts), visitors will always find the latest tax law covered on National Law Review site.

Updates on Federal Agencies Related to Tax

The National Law Review provides news and coverage on federal taxing agencies including the Internal Revenue Service (IRS), Department of Treasury, and state and local government agencies, which dictate tax laws. For coverage on state, national, federal, and international taxes, and how TCJA affects these taxes, the National Law Review provides the latest, in-depth news coverage for its visitors.

Date Title Organization
17
Aug
IRS Private Letter Ruling Will Help Clear the Way for 401(k) Plan Student Loan Benefits McDermott Will & Emery
17
Aug
IRS Finalizes Regulations Allowing Plan Forfeitures to Fund QNECS and QMACS Jackson Lewis P.C.
17
Aug
Applicable Federal Rates and Code Section 7520 Rate for September 2018 – Trending Up Again Greenberg Traurig, LLP
16
Aug
Reform Pending for Illinois Captive Insurance Framework McDermott Will & Emery
16
Aug
Section 199A (to Z): Simplifying the Tax Code for Small Businesses is Complicated K&L Gates
16
Aug
IRS Issues “Snapshot” Guidance on Qualified Retirement Plan Issues McDermott Will & Emery
14
Aug
Proposed Regulations Provide Welcome Guidance for 20% Pass-Through Deduction K&L Gates
13
Aug
Weekly IRS Roundup August 6 – 10, 2018 McDermott Will & Emery
10
Aug
Louisiana Remote Seller Commission Issues First Information Bulletin Addressing Impact of Wayfair Jones Walker LLP
9
Aug
IRS Finalizes Regulations Allowing Use of Forfeitures to Fund Safe Harbor Contributions, QNECs and QMAC McDermott Will & Emery
8
Aug
Wisconsin Largely Conforms to Tax Cuts and Jobs Act with Some Exceptions von Briesen & Roper, s.c.
7
Aug
Guide to Opportunity Zones: How Taxpayers Can Achieve Capital Gains Tax Benefits and Support Enterprise in Underserved Communities Womble Bond Dickinson (US) LLP
7
Aug
Weekly IRS Roundup July 30 – August 3, 2018 McDermott Will & Emery
6
Aug
Alta Wind: Federal Circuit Reverses Trial Court and Kicks Case Back to Answer Primary Issue McDermott Will & Emery
6
Aug
No Tax Deduction for Sexual Harassment Settlements Subject to Confidentiality Provision Jackson Lewis P.C.
5
Aug
Have Unpaid Taxes? IRS Warns May Lose U.S. Passport Jackson Lewis P.C.
3
Aug
Michigan Treasury Issues Post- Wayfair Sales and Use Tax Guidance for Remote Sellers Varnum LLP
2
Aug
DC Circuit Reverses Tax Court and Holds Section 883 Regulations Invalid under Chevron Test McDermott Will & Emery
2
Aug
Do Health System Mergers In Separate Geographic Markets Create Antitrust Problems? Some Antitrust Experts Say “Yes.” What Does That Mean For System Mergers Going Forward? Drinker Biddle & Reath LLP
2
Aug
The BSA Civil Penalty Regime: Reckless Conduct Can Produce “Willful” Penalties Ballard Spahr LLP

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