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The IRS today issued final regulations permitting an RIC that receives qualified REIT dividends to report dividends the RIC pays to its shareholders as section 199A dividends. Continue Reading
The Department of the Treasury and the IRS today issued a proposed regulation updating the federal income tax withholding rules for periodic retirement and annuity payments made after December 31, 2020. Continue Reading
The IRS issued proposed regulations under TCJA that provide guidance to taxpayers and governments on fines, penalties and certain other amounts. Continue Reading
The IRS issues guidance for estates and trusts. Continue Reading
IRS, Treasury issue guidance for applying UBTI ‘silo’ rules for tax-exempt organizations by identifying separate trades or businesses Continue Reading
Major changes are afoot in the rules that govern advice-giving. Along with new sweeping retirement planning rules ushered in under the Setting Every Community Up for Retirement Enhancement (Secure) Act, advisors and broker-dealers will have new fiduciary-related rules to comply with in the new year. Continue Reading
This week we look at the SECURE Act Continue Reading
Find out what taxpayers who established qualified opportunity zones in 2019 must do by Dec. 31, 2019. Continue Reading
The IRS on Friday issued final regulations (T.D. 9874) and new proposed regulations (REG-106808-19) governing the 100% bonus depreciation deduction under Sec. 168(k). Continue Reading
Understanding the timing rules is key to getting the full benefits of investments in Opportunity Zones. Learn about the general timing rule as well as rules for Sec. 1231 gains. Continue Reading