Tax Treaty’s Application to IRA of U.S. Retiree Living in Switzerland Explained

The Internal Revenue Service Office of Chief Counsel, in a program manager technical advice memorandum (PMTA 2010-002) released May 11, examined…

IRS Offers Guidance to Emigrating Canadians Who Elect to Pay U.S. Income Tax on Gains

The Internal Revenue Service March 8 offered guidance in Revenue Procedure 2010-19 for individuals who emigrate from Canada and want to make an election for…

Democrats Cool to Proposal to Extend 35% Tax Rate for Top Earners

Republican lawmakers are already positioning themselves to fight for an extension of the 35 percent top tax rate before it expires at the end of 2010, but Democrats remain…

Obama Memo Blocks Delinquent Contractors from Receiving New Federal Contracts

President Obama Jan. 20 issued a presidential memorandum that directs the Office of Management and Budget, the Treasury Department, and other federal agencies to take steps to block contractors who are delinquent on their taxes from receiving…

2010 OUTLOOK: Nearly $3 Trillion in Expiring Tax Cuts Await Congressional Action after Health Bill

Lawmakers are unlikely to get a rest after Congress completes its grueling march toward an overhaul of the nation’s health care system because of a long list of “must-pass” legislation needed to…