BNA INSIGHTS: IRS Offshore Accounts Disclosure Program: A Critical Assessment After One Year

Exactly one year ago, the tax world watched as the Internal Revenue Service conducted what may have been the most extraordinarily…

New Kind of Rulewriting Foreseen as Reform Focus Shifts to Implementation

A different kind of rulewriting process may be in store as federal regulators gear up to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act…

BNA INSIGHTS: President Obama’s 2011 Budget Would Change the Landscape of U.S. Savings Policy

Increasing savings and promoting retirement security are two long-standing goals of federal policy; an array of policies and programs exist to help…

BNA INSIGHTS: President’s 2011 Budget Would Change the Landscape of U.S. Savings Policy

Increasing savings and promoting retirement security are two long-standing goals of federal policy; an array of policies and programs exist to help households achieve those ends…

Newly Codified Economic Substance Doctrine Could Mean More IRS Challenges, Practitioners Say

The newly codified economic substance doctrine may clear the way for Internal Revenue Service challenges to a broader range of transactions than before, tax practitioners said May 20…

Tax-Writing Committee Chairmen Confident Carried Interest Treatment Change Can Pass Both Houses

The chairmen of both of Congress’s tax-writing committees said May 19 that negotiations over the annual tax extenders package have progressed to a point where they see that a change in the tax treatment of…

Estate Tax Deal Crumbles as Democrats Balk at Tax Decreases for Wealthy Taxpayers

Senate negotiators said May 18 that a deal to cut estate taxes is on the verge of collapse after a majority of the Democratic caucus expressed concerns about voting for an expensive tax cut for wealthy families…

Treasury Official Solicits Comments for Economic Substance Guidance Project

CHICAGO—A senior Treasury Department official said May 14 the administration is aware of emerging concerns over the application of the economic substance doctrine that was codified under the new health care reform law…

Alternative Minimum Tax Generates Too Much Revenue to Eliminate, Obama Tells Taxpayers in Buffalo

The alternative minimum tax cannot be eliminated because the nation’s deficit and debt are too big, President Obama said at…

Foreign Tax Credit Crackdown Seen as Possible Offset for Extenders Bill

House Ways and Means Committee member Chris Van Hollen (D-Md.) said May 5 lawmakers are looking at taxation of carried interest and a crackdown on misuse of the foreign tax credit as…

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