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Tax Alerts

Subscribe today to receive tax updates at the frequency you prefer. Tax Alerts offer timely notification of the latest changes in federal, state and international tax legislation, court rulings and tax authority positions, distributed as the news breaks. Tax Alerts Roundup compiles each of these alerts in a biweekly newsletter for your convenience.

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most recent tax alerts

IRS makes it definitive... there is no clawback!

IRS makes it definitive... there is no clawback!

IRS confirms that gifts between 2018 and 2025 will be covered by the exemption then in place and not in the year of death.

  • Carol Warley, Charlie Ratner, Rebecca Warren
  • |
  • November 27, 2019
Court of Appeals: No deduction permitted for funding of subsidiary

Court of Appeals: No deduction permitted for funding of subsidiary

Ruling explores the difference between a capital contribution and a deductible payment on behalf of a corporate subsidiary.

  • Stefan Gottschalk, Joseph Wiener
  • |
  • November 26, 2019
Pennsylvania appellate court strikes net loss carryover cap

Pennsylvania appellate court strikes net loss carryover cap

After years of litigation, a state appellate court again declared Pennsylvania’s flat dollar cap for net loss carryover unconstitutional.

  • David Brunori , Rob Van Gulick, Matt Wilk
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  • November 25, 2019
Final regulations change CFC attribution rules

Final regulations change CFC attribution rules

Final regulations affect whether a controlled foreign corporation is a related person under attribution rules.

  • Jamison Sites, Ravi Dadlani
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  • November 20, 2019
RSM submits Comment Letter regarding section 382 proposed regulations

RSM submits Comment Letter regarding section 382 proposed regulations

Comments address concerns and recommendations regarding proposed regulations addressing section 382 built-in gains and losses.

  • Nick Gruidl, Stefan Gottschalk, Joseph Wiener
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  • November 18, 2019
Final section 6050Y regulations mean new 1099-LS and 1099-SB for many

Final section 6050Y regulations mean new 1099-LS and 1099-SB for many

The IRS has published final section 6050Y regulations requiring reporting of sales and acquisitions of certain life insurance contracts.

  • Aureon Herron-Hinds, William Gerhardt
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  • November 15, 2019
2020 Inflation adjustments for individuals, trusts and estates

2020 Inflation adjustments for individuals, trusts and estates

The IRS released Revenue Procedure 2019-44 listing the inflation adjustments for individual, trust and estates.

  • Rebecca Warren, Michael Reeves
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  • November 14, 2019
IRS LB&I campaign will focus on section 965 transition tax compliance

IRS LB&I campaign will focus on section 965 transition tax compliance

New IRS enforcement campaign targeting the section 965 transition tax compliance indicates a likely increase in section 965 audit activity.

  • Jamison Sites, Ravi Dadlani
  • |
  • November 13, 2019
Increased enforcement for abusive syndicated conservation easements

Increased enforcement for abusive syndicated conservation easements

The IRS announced that syndicated conservation easements are a priority compliance area and it will increase enforcement efforts.

  • Alexandra Mitchell, David Click, John Deininger
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  • November 13, 2019
North Carolina adopts market-based sourcing

North Carolina adopts market-based sourcing

New law for sourcing sales of services and intangibles effective with tax years beginning on or after Jan. 1, 2020.

  • Sherri York, David Brunori , Charles Britt
  • |
  • November 13, 2019