The IRS has issued notice providing updated interest rates that pension plans must use for funding calculations. The notice includes the corporate bond monthly yield curve, spot segment rates, and ...
The U.S. Tax Court, in a summary decision, held that the taxpayer was not entitled to claim a dividends received deduction under I.R.C. §245A for Section 78 dividends attributable to ...
The IRS has released Internal Revenue Bulletin 2026-16. [IRB 2026-16, 04/13/26]
The U.S. District Court for the Southern District of New York granted the defendant’s motion for summary judgment, holding that the taxpayer failed to show that IRS withheld any taxes ...
The IRS issued proposed regulations providing rules and definitions related to the 1 percent excise tax on certain remittance transfers beginning Jan. 1, 2026. The tax applies to remittances sent ...
The IRS issued final regulations implementing the “No Tax on Tips” provision, allowing eligible workers in more than 70 occupations to claim a deduction for qualified tips. The regulations, issued ...
The IRS issued revenue procedures providing guidance to state chief executive officers on procedures for nominating population census tracts to be designated as qualified opportunity zones effective Jan. 1, 2027, ...
The IRS published a notice providing adjusted limitations on housing expenses for qualified individuals living abroad who claim foreign earned income exclusions under I.R.C. §911. The notice establishes location-specific housing ...
The IRS Office of Chief Counsel updated procedures for paying awards of litigation and administrative costs under I.R.C. §7430, replacing its prior preference for paper checks with a preference for ...
The IRS has issued a private letter ruling on I.R.C. §430 and Treas. Reg. §1.430 approving substitute mortality tables for male and female non-annuitant populations in Plan 1 for a ...
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