House Leaders Balk at Senate’s Proposed Changes to Tax Extenders Bill

Key House Democrats expressed opposition June 9 to changes the Senate is considering for the tax extenders bill (H.R. 4213), including the decision to scale back the tax increase on…

Senate Finance Committee Amends House-Brokered Tax Extenders Bill to Soften Carried Interest Tax Increase

The Senate began debate on an updated version of a tax extenders bill (H.R. 4213) June 8 that would scale back the tax increase on investment managers’ carried interest…

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 Outlines Favorable Tax Treatment of Health Coverage for Children Under Age 27 Under Recent Changes

The Internal Revenue Service April 27 issued Notice 2010-38 on the tax treatment of health care coverage for an employee’s adult children as provided in recent law changes, announcing…

U.S., Belgian Authorities Sign Agreement on Corresponding Pensions for Tax Purposes

The Treasury Department and Internal Revenue Service announced April 9 that U.S. and Belgium authorities have reached an agreement recognizing correspondences between…