Tax Alerts

Tax Briefing(s)

Fiscal Year (FY) 2015 Budget Proposals2013 Tax Year-In-ReviewFinal Net Investment Income, Additional Medicare Tax Regulations

IRS continues to revise guidance on offshore reporting and disclosure under FATCA
The IRS continues to provide guidance and instructions relating to the disclosure and reporting of offshore assets under the Foreign Account Tax Compliance Act of 2010 (FATCA). FATCA was enacted to...

IRS reports uptick in gross incomes, AMT filings and more
Newly released data from the IRS reveals an increase in adjusted gross incomes, the number of taxpayers paying alternative minimum tax (AMT) and more. The data, posted in the Spring 2014 Statistics...

Supreme Court holds inherited IRAs part of bankruptcy estate
The U.S. Supreme Court ruled in June that inherited IRAs are not "retirement funds" exempt from a debtor's bankruptcy estate. Unlike funds in other accounts, funds in inherited IRAs are not set asi...

Surviving spouse may roll over Roth IRAs payable to trust
In a taxpayer-friendly ruling, the IRS recently determined that a surviving spouse could roll over two Roth IRAs, which were payable to a trust controlled by her, into her own Roth IRA. The taxpaye...

IRS makes changes to Circular 230, revises rules for disclaimers
Individuals who practice before the IRS, for example, by representing taxpayers in disputes with the agency, are subject to rules of professional conduct. While these rules are targeted to practiti...

KY - Constitutional challenge preserved
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OH - FAQs issued for proposed withholding regulations
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WV - Regulations adopted for claiming tax refunds or credits
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