House Ways and Means Committee Chairman Kevin Brady, R-Tex., and Tax Policy Subcommittee Chairman Charles Boustany, R-La., sent Treasury Secretary Jack Lew a letter on June 28 expressing collective GOP concerns over proposed debt-equity regulations under Code Sec. 385. All Republican members of the Ways and Means
Read more →The IRS has issued final regulations that require annual country-by-country (CbC) reporting by certain United States persons that are the ultimate parent entity of a multinational enterprise (MNE) group. The final regulations affect U.S. persons that are the ultimate parent entity of a multinational enterprise group that
Read more →The IRS has issued temporary regulations under Code Sec. 7701 to clarify that a disregarded entity that is treated as a corporation for employment tax purposes is not treated as a corporation for purposes of employing an individual who is a partner in a partnership that owns
Read more →The Federal Emergency Management Agency (FEMA) has announced that the president on May 6, 2016, determined that certain areas in Arkansas are eligible for assistance from the federal government under the Disaster Relief and Emergency Assistance Act (42 USC 5121) as a result of severe storms, tornadoes,
Read more →On Wednesday, the IRS announced that affected taxpayers of the severe storms and flooding that took place beginning on April 17, 2016 who reside or have a business in Fayette, Grimes, Harris and Parker Counties may qualify for tax relief may qualify for tax relief from the
Read more →Form 1095-C, Employer-Provided Health Insurance Offer and Coverage Insurance, provides you with information about the health coverage offered by your employer. In some cases, it may also provide information about whether you enrolled in this coverage. Here are the answers to some of the common questions our
Read more →This year, you may receive one or more forms that provide information about your 2015 health coverage you had in 2015. These forms are 1095-A, 1095-B and 1095-C. This tip is part of a series that answers your questions about these forms. Form 1095-B, Health Coverage, provides
Read more →A name change can have an impact on your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: Report Name Changes. Did you get married
Read more →Both the House and Senate passed the Protecting Americans from Tax Hikes Act of 2015 (PATH Act), and President Obama signed the legislation on Friday, December 18th, 2015, passing significant tax legislation since the passage of the American Tax Relief Act of 2012 (ATRA). The Act does
Read more →House lawmakers on December 17 passed a $629-billion package of tax extenders, the Protecting Americans from Tax Hikes (PATH) Bill of 2015 (HR 2029), by a vote of 318 to 109. The measure now goes to the Senate, which is slated to hold a vote on December
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