TaxNewsFlash-United States — KPMG's reports of tax developments in the United States
Subscribe to TaxNewsFlash. Questions? Send an email.
KPMG's global editions of TaxNewsFlash are maintained and distributed by KPMG in the United States. When you click the hyperlinks below, you will be directed away from this page owned by KPMG International and redirected to a page owned by KPMG in the United States.
Jan 15 - KPMG report: Final and proposed regulations, passive foreign investment company (PFIC) rules
Jan 15 - KPMG report: Final regulations on carbon oxide sequestration credit
Jan 15 - KPMG report: Final regulations on “carried interest” under section 1061
Jan 15 - Rev. Rul. 2021-3: Covered compensation tables for 2021 plan year
Jan 15 - Notice 2021-12: Extended temporary relief, low-income housing credit under section 42 (COVID-19)
Jan 14 - Legislative update: President-elect Biden announces “American Rescue Plan”—includes tax components
Jan 14 - U.S. findings from investigations of digital services taxes in Austria, Spain, United Kingdom
Jan 14 - Final regulations released to Federal Register: Air transportation excise taxes
Jan 14 - Final regulations released to Federal Register: Denial of deductions for fines, penalties
Jan 13 - Final regulations released to Federal Register: “Carried interest” provision under section 1061
Jan 12 - Final regulations: Denial of deductions for fines, penalties (text of regulations)
Jan 11 - Final regulations: Air transportation excise taxes (text of regulations)
Jan 11 - Final regulations on denial of deductions for fines, penalties; OIRA review completed
Jan 11 - Proposed regulations: Mandatory 60-day postponement of tax deadlines, federally declared disasters
Jan 11 - Delaware: NOL limitation violates state’s Uniformity Clause; possible refund opportunities
Jan 8 - TTB release: Craft beverage measures effective January 2021
Jan 7 - Final regulations on “carried interest” provision under section 1061 (text of regulations)
Jan 7 - Additional customs duties on imports from France suspended, digital services tax investigation
Jan 7 - U.S. findings from investigations of digital services taxes in India, Italy, Turkey
Jan 6 - Final regulations: Credit for carbon oxide sequestration under section 45Q (text of regulations)
Jan 6 - Rev. Rul. 2021-2: Deduction of eligible expenses allowable, PPP loan forgiveness
Jan 6 - KPMG report: Final regulations on changes to income recognition rules; initial impressions
Jan 6 - Final regulations on “carried interest” provision under section 1061; OIRA review completed
Jan 5 - Final regulations pending OIRA review: Excise tax on tax-exempt organization compensation
Jan 5 - IRS practice unit: Qualified dividends and capital gains rate differential adjustments
Jan 5 - IRS releases annual revenue procedures for 2021
Jan 5 - Additional U.S. customs duties effective January 6, 2021; response to French digital services tax
Jan 4 - Notice 2021-7: Temporary relief to value personal use of employer-provided automobile (COVID-19)
Jan 1 - Credit for carbon oxide sequestration (section 45Q), OIRA review completed
Dec 30 - KPMG report: Favorable tax provisions for renewable energy industry enacted
Dec 29 - Proposed regulations: Process, user fee for estate tax closing letter
Dec 29 - Rev. Proc. 2021-9: Residential living facility safe harbor election under section 163(j)
Dec 29 - TTB announcement: Permanent reduction of excise tax rates for beer and spirits, tax credits for wine
Dec 28 - Final regulations pending OIRA review: “Carried interest” provision under section 1061
Dec 28 - Final regulations pending OIRA review: Credit for carbon oxide sequestration (section 45Q)
Dec 23 - KPMG report: State, local tax changes (year-end checklist and fourth quarter 2020)
Dec 22 - Notice 2021-2: Standard mileage rates for 2021
Dec 22 - Notice 2021-4: Extension of temporary dyed fuel tax relief, Wisconsin terminals
Dec 21 - KPMG report: Final regulations, section 162(m) deduction limitation on executive compensation
Dec 21 - PLR: REIT preferential dividends
Dec 21 - IRS practice units: Determining liability allocations; recourse vs. nonrecourse liabilities
Dec 18 - Final regulations: Deduction for employee remuneration in excess of $1 million (text of regulations)
Dec 18 - Final regulations: Misdirected direct-deposit refunds
Dec 18 - TTB guidance, extended tax-free withdrawal of distilled spirits for hand sanitizers (COVID-19)
Dec 16 - KPMG report: SEC comments on accounting for income taxes
Dec 15 - Final regulations released to Federal Register: Parking deduction limitations under section 274
Dec 15 - Final regulations pending OIRA review: Denial of deduction for fines, penalties
Dec 14 - Notice 2020-88: Reallocations of section 48A credits under qualifying advanced coal project program
Dec 14 - Final regulations under section 451(b), OIRA review completed
Dec 14 - IRS provides tax relief for taxpayers affected by Hurricane Zeta (Alabama and Mississippi)
Dec 11 - Final regulations: Grandfathered group health plans, health insurance coverage
Dec 11 - FBAR filings: Deadline extended, again, for individuals with signature authority
Dec 11 - Notice 2020-78: Work opportunity tax credit (WOTC) transition relief
Dec 11 - TTB reminder: Due date for tax returns, payments for alcohol industry annual filers
Dec 10 - KPMG report: Final regulations addressing parking deduction limitations under section 274
Dec 10 - Updated FAQs on PPP loans; questionnaires to verify loan eligibility and forgiveness
Dec 9 - Final regulations: Qualified transportation and commuting expenses under section 274 (text of regulations)
Dec 9 - IRS contacts taxpayers about qualified opportunity fund requirements
Dec 9 - Notice 2020-86: Q&A guidance on safe harbor retirement plans
Dec 9 - Relief for taxpayers affected by September 2020 storm and flooding (Puerto Rico)
Dec 7 - Final regulations: Rollover rules for qualified plan loan offset amounts (text of regulations)
Dec 4 - Final and proposed passive foreign investment company (PFIC) regulations (text of regulations)
Dec 4 - IRS practice units: Modified simplified production method; costs for UNICAP purposes
Dec 3 - Rev. Rul. 2020-28: Interest rates, tax overpayments and underpayments (first quarter 2021)
Dec 2 - KPMG report: Final regulations under section 1031, like-kind exchanges
Dec 2 - IRS to conceal sensitive taxpayer data on business tax transcripts
Nov 30 - Final regulations released to Federal Register: Like-kind exchanges
Nov 30 - KPMG report: IRS partnership enforcement ramps up
Nov 27 - Final regulations: Personal exemption at zero, implications for health plan premium tax credit
Nov 27 - Final regulations released to Federal Register: Coordinating section 245A and section 951A
Nov 24 - Notice 2020-84: Self-insured health insurance annual fee
Nov 24 - KPMG report: Analysis of final and proposed foreign tax credit regulations
Nov 24 - KPMG report: Final regulations under sections 245A and 954(c)(6) and correcting amendments
Nov 23 - Janet Yellen to be U.S. Treasury Secretary
Nov 23 - Final regulations: Like-kind exchanges (text of regulations)
Nov 23 - Regulations on exception from passive income for foreign insurance companies; OIRA review completed
Nov 23 - KPMG report: Personal tax planning guide for 2021
Nov 20 - Proposed regulations: Special enforcement matters, centralized partnership audit regime
Nov 20 - Notice 2020-83: Required amendments list (2020) for qualified retirement plans and 403(b) plans
Nov 20 - PLR: Income received by REIT from leasing of advertising signs affixed to buildings
Nov 19 - Final regulations on like-kind exchanges, OIRA review completed
Nov 19 - IRS Priority Guidance Plan for 2020-2021
Nov 19 - IRS offers clarifications in FAQs addressing interaction of ERC and PPP loans in acquisitions
Nov 19 - Rev. Proc. 2020-51: Safe harbor for claiming deductions by taxpayers that received PPP loans
Nov 18 - U.S. Tax Court: Transfer pricing adjustments, deficiencies upheld
Nov 18 - KPMG report: HMRC proposals may solve many U.K. and U.S. hybridity problems
Nov 18 - Final regulations: ABLE accounts under section 529A
Nov 18 - Regulations pending OIRA review: Final regulations under section 451(b)
Nov 16 - IRS updates FAQs on employee retention credit, interaction with PPP relief (COVID-19)
Nov 16 - Notice 2020-82: Contributions to defined benefit plans, extended due date (COVID-19)
Nov 16 - KPMG report: IRS to respect deduction for elective passthrough entity taxes of various states
Nov 12 - California: San Francisco business tax overhaul measure (and others) approved by voters
Nov 12 - KPMG report: Year-end tariff mitigation and customs valuation compliance strategies
Nov 11 - KPMG report: Election results; preliminary observations regarding effect on future tax agenda
Nov 10 - IRS reminder: QI / WP / WT application deadline, November 24, 2020
Nov 9 - KPMG report: Election results, state and local tax measures
Nov 9 - KPMG report: Modifications to LIBOR-related contracts
Nov 9 - KPMG report: New proposed regulations on average income test
Nov 5 - Rev. Rul. 2020-23, Notice 2020-80: Distributions from terminating section 403(b) plans
Nov 5 - New Jersey: Combined group dividend exclusion, the “fix” is released
Nov 5 - IRS updates FAQs for QI / WP / WT
Nov 4 - Rev. Proc. 2020-48: Insurance companies, unpaid loss discount factors for 2020 accident year
Nov 4 - Rev. Proc. 2020-49: Extended relief regarding tax-exempt bonds (COVID-19)
Nov 3 - Final rule on public disclosure of health plan and health insurance coverage information
Nov 2 - KPMG report: Correcting amendments to final regulations, FDII and GILTI (updated November 2, 2020)
Nov 2 - Interim final rule: Accessibility to COVID-19 vaccine for individuals in the United States
Nov 2 - KPMG report: Special considerations for late year like-kind exchanges
Oct 30 - KPMG report: Correcting amendments to final regulations, FDII and GILTI
Oct 29 - Proposed regulations: Low-income housing credit, average income test
Oct 29 - Final regulations pending OIRA review: Like-kind exchanges
Oct 26 - Rev. Proc. 2020-45: Inflation adjustments for 2021, individual taxpayers
Oct 26 - Notice 2020-79: Pension plans, cost-of-living adjustments for 2021
Oct 26 - KPMG reports: Louisiana (nexus); New Jersey (corporation business tax)
Oct 26 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19) (updated October 26)
Oct 23 - Final regulations released to Federal Register: Consolidated NOLs
Oct 22 - KPMG report: Tax proposals (FAQs) of Biden and Trump campaigns
Oct 22 - IRS releases draft version of Form 1065 instructions, partner tax basis capital reporting
Oct 22 - IRS provides temporary procedures allowing fax of material advisor disclosure statement (COVID-19)
Oct 22 - Regulations pending OIRA review: Exception from passive income for foreign insurance companies
Oct 21 - KPMG report: Final regulations on consolidated NOLs, inclusive of insurance company regulations
Oct 19 - FBAR filing extensions clarified; FBAR for 2019 deemed timely if filed by October 31, 2020
Oct 19 - Final regulations released to Federal Register: Eligible terminated S corporations
Oct 19 - Tax relief for taxpayers in California affected by wildfires
Oct 19 - Tax relief for taxpayers in Louisiana affected by Hurricane Delta
Oct 19 - Update on France’s digital services tax; collection expected in December 2020
Oct 19 - KPMG report: IRS compliance campaign spotlights deduction of success-based fees
Oct 19 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19) (updated October 19)
Oct 16 - Final regulations released to Federal Register: Deductions allowed estates, non-grantor trusts
Oct 13 - Final regulations: Consolidated NOLs (text of regulations released by IRS)
Oct 12 - KPMG report: Summary and initial analysis of Pillar One Blueprint
Oct 12 - KPMG report: Summary and initial analysis of Pillar Two Blueprint
Oct 12 - Final regulations on consolidated NOLs, OIRA review completed
Oct 12 - Rev. Proc. 2020-44: Interim guidance, transition from LIBOR and IBOR to alternative reference rates
Oct 9 - Final regulations released to Federal Register: Computing and reporting life insurance reserves
Oct 9 - Final regulations: “Qualifying relative” and personal exemption amount clarified
Oct 9 - IRS Chief Counsel memo: Fraud penalty in TEFRA syndicated conservation easement cases
Oct 9 - LB&I Focus Guide for FY 2021
Oct 9 - TTB reminder: Alcohol industry, third quarter excise tax returns due October 14
Oct 8 - Final regulations released to Federal Register: BEAT provisions under section 59A
Oct 8 - FAQs to allow fax submission of paper copy of Form 8886 (reportable transaction disclosures)
Oct 8 - Updated FAQs on PPP loans; extension of deferral period (COVID-19)
Oct 8 - KPMG report: State and local tax, technology-related guidance (table, third quarter 2020)
Oct 6 - FBAR filing deadline; relief for persons affected by recent natural disasters
Oct 6 - KPMG report: IRS expanded enforcement focus on abusive micro-captive insurance companies
Oct 6 - New IRS compliance campaign on nonresident alien rental income from U.S. property (LB&I division)
Oct 5 - KPMG report: Initial impressions of final and proposed foreign tax credit regulations
Oct 5 - KPMG report: Practical guide to tax credit ordering and usage rules
Oct 5 - Tax relief for taxpayers in Florida affected by Hurricane Sally
Oct 5 - Final regulations released to Federal Register: Federal income tax withholding from employees’ wages
Oct 2 - Notice 2020-76: Relief for health coverage information reporting (now due March 2, 2021)
Oct 2 - Final regulations released to Federal Register: Deductibility of meal and entertainment expenses
Oct 2 - Rev. Rul. 2020-21: Fringe benefit aircraft valuations, second half 2020
Oct 1 - Final regulations: Guidance concerning ABLE accounts (text of final regulations)
Oct 1 - Final regulations: Federal income tax withholding from employees’ wages
Oct 1 - Notice 2020-70: Electronic filing of Form 1040-NR allowed in certain instances
Oct 1 - IRS expands enforcement focus on abusive micro-captive insurance schemes
Oct 1 - IRS practice unit, cost-sharing arrangements with stock-based compensation
Oct 1 - Ohio: State’s Supreme Court holds for taxpayer in CAT sourcing dispute
Sep 30 - Final regulations: Deductibility of meal and entertainment expenses (text of regulations)
Sep 29 - Final and proposed regulations: Foreign tax credit (text of regulations)
Sep 29 - New IRS compliance campaign on consolidated NOL carryovers (LB&I division)
Sep 28 - Final regulations: Income tax withholding, periodic retirement and annuity payments
Sep 28 - KPMG report: Trump campaign’s tax proposals (FAQs)
Sep 28 - KPMG report: Accounting for income taxes considerations of final regulations
Sep 28 - KPMG report: State, local tax changes (third quarter 2020, table format)
Sep 24 - Tax relief for taxpayers in Alabama affected by Hurricane Sally
Sep 23 - Final regulations pending OIRA review: Consolidated NOLs
Sep 22 - Final and proposed regulations on foreign tax credit; OIRA review completed
Sep 22 - Notice 2020-74: More time for drought-affected farmers, ranchers to replace livestock
Sep 22 - Treasury announces New Markets Tax Credit (NMTC) allocations for 2020, increased to $5 billion
Sep 22 - IRS updated FAQs for QIs / WPs / WTs
Sep 21 - Final regulations: Deductions allowed estates, non-grantor trusts
Sep 21 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19) (updated September 21)
Sep 21 - KPMG reports: Oregon (motor vehicle use tax); Pennsylvania (corporate economic nexus)
Sep 18 - KPMG report: Biden’s tax proposals (FAQs, updated September 18)
Sep 18 - IRS provides FAQs on “Bridge phase” under Compliance Assurance Process (CAP)
Sep 18 - IRS practice unit: Overall foreign and domestic losses
Sep 17 - Final regulations on additional first-year depreciation under section 168(k), OIRA review completed
Sep 17 - IRS adds four compliance campaigns (LB&I division)
Sep 17 - Tax relief for taxpayers affected by Oregon wildfires
Sep 16 - IRS release on expedited request for letter rulings (COVID-19)
Sep 16 - LB&I directive allows examiners to accept R&D expenses as reported on taxpayer financial statements
Sep 16 - Treasury’s CDFI Fund to consider NMTC requests for reporting extensions (COVID-19)
Sep 15 - Final regulations: Eligible terminated S corporations
Sep 15 - IRS practice unit: Overview of dollar value LIFO
Sep 14 - KPMG report: Biden’s tax proposals (FAQs, updated September 14)
Sep 14 - KPMG report: New safe harbor in proposed like-kind exchange regulations
Sep 14 - KPMG report: Proposed regulations define “real property” for like-kind exchanges
Sep 14 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19) (updated September 14)
Sep 14 - TTB reminder: Extra semi-monthly excise tax periods, five due dates in September 2020 (COVID-19)
Sep 11 - Notice 2020-71: Per diem rates, substantiation of employee lodging, meals, incidentals (2020-2021)
Sep 11 - Tax relief for Puerto Rico taxpayers affected by Tropical Storm Isaias
Sep 10 - IRS expands list of forms and returns available for digital signature (COVID-19)
Sep 10 - IRS practice unit: Foreign-earned income exclusion, audit techniques
Sep 9 - Notice 2020-66: Medicaid coverage of COVID-19 testing and diagnostic services
Sep 8 - Notice 2020-68: Retirement plan Q&As
Sep 8 - Rev. Proc. 2020-40: Extension of plan amendment deadlines, pre-approved plans
Sep 8 - Rev. Proc. 2020-41: Foreign insurance companies; effectively connected net investment income (2019)
Sep 3 - KPMG report: Highlights of final BEAT regulations under section 59A
Sep 3 - Final regulations: Nuclear power plant decommissioning
Sep 3 - Rev. Rul. 2020-18: Interest rates, tax overpayments and underpayments (fourth quarter 2020)
Sep 1 - Final regulations: BEAT provisions under section 59A (text of regulations)
Sep 1 - Regulations pending OIRA review: Foreign tax credits
Sep 1 - Eleventh Circuit: Settlement proceeds not return of capital, but taxable income
Sep 1 - IRS launches BBA centralized partnership audit regime webpage
Aug 31 - U.S. Tax Court: IRS supervisory approval for penalty assessment
Aug 31 - IRS provides tax relief to taxpayers affected by Hurricane Laura
Aug 31 - KPMG report: Initial analysis of Notice 2020-65, guidance on employee payroll tax deferral
Aug 28 - Notice 2020-65: Implementing executive action, employment tax deferral (COVID-19)
Aug 28 - PLR: Payments under wireless service agreements constitute rents from real property for REIT
Aug 27 - IRS opens application period for 2021 Compliance Assurance Process (CAP) program
Aug 27 - IRS practice unit: Foreign-earned income for purposes of section 911
Aug 26 - U.S. Tax Court: Pre-TCJA section 199 deduction claimed for processed seismic data
Aug 26 - Senate Finance Committee report on syndicated conservation-easement transactions
Aug 25 - IRS provides tax relief for taxpayers affected by California wildfires, Iowa derecho
Aug 24 - KPMG report: Biden’s tax proposals (updated FAQs)
Aug 24 - Final regulations: “BEAT” provisions under section 59A, OIRA review completed
Aug 24 - IRS interim guidance on designation of cases for litigation
Aug 24 - IRS reminder, required minimum distribution rollovers, repayments due by August 31 (COVID-19)
Aug 24 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19) (updated August 24)
Aug 21 - IRS statement on failure-to-deposit penalties, employers claiming new tax credits (COVID-19)
Aug 21 - Notice 2020-63: New IRS address for vehicle section 30B certifications, reporting
Aug 20 - United States-Hong Kong International Shipping Agreement suspended or terminated
Aug 17 - IRS makes electronic filing available for Form 1040-X
Aug 17 - Proposed regulations: Rollover rules for qualified plan loan offset amounts
Aug 17 - IRS reminder, last round of ITINs expiring in 2020; renewal encouraged to prevent refund delays
Aug 17 - KPMG report: Proposed regulations on qualified parking deductions
Aug 14 - Rev. Proc. 2020-39: Normalization rules for public utilities, 2017 tax law changes (TCJA)
Aug 14 - IRS practice unit: Section 986(c) gain or loss, pre-2017 tax law (TCJA)
Aug 13 - IRS reminder of heavy highway use tax deadline, August 31
Aug 13 - Notice 2020-60: Community newspaper pension plans, alternative minimum funding standards
Aug 12 - IRS adds new FAQ on like-kind exchanges and deadlines (COVID-19)
Aug 12 - KPMG report: Proposed regulations on carried interest, initial analysis
Aug 12 - FAQs on PPP loans; payments of fees and health benefits (COVID-19)
Aug 12 - Announcement 2020-14: Increased user fees for employee plan rulings and determinations
Aug 12 - Second Circuit: Income from gravel mined on Indian tribal land, taxable
Aug 10 - KPMG report: Deposits of federal employment taxes for equity-related transactions
Aug 10 - KPMG report: IRS addresses settlement period for stock options
Aug 10 - KPMG report: Taxation of advance sales of future mineral production
Aug 10 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19) (updated August 10)
Aug 8 - Executive memorandum: Deferral of collection of payroll taxes (COVID-19)
Aug 7 - Final regulations: Payments made to charities in return for consideration (text of regulations)
Aug 6 - Proposed regulations on “carried interest” (section 1061) released to Federal Register
Aug 6 - Notice 2020-61: Special rules for single-employer defined benefit pension plans (COVID-19)
Aug 6 - Notice 2020-62: Safe harbor explanations about eligible rollover distributions (COVID-19)
Aug 6 - California: Property tax increase pending in November ballot initiative
Aug 5 - KPMG reports: Initial analysis of regulations, guidance under section 163(j) (printable version)
Aug 5 - KPMG report: Tax and trade considerations for U.S. inbound investment
Aug 5 - Final regulations pending OIRA review: “BEAT” provisions under section 59A
Aug 4 - FAQs address PPP loan forgiveness issues (COVID-19)
Aug 4 - KPMG report: Biden’s tax proposals (FAQs)
Aug 4 - KPMG report: Tax issues that banks are facing due to COVID-19
Aug 4 - KPMG reports: Initial analysis of regulations, guidance under section 163(j)
Aug 3 - Status of OIRA review of regulations under 2017 tax law
Aug 3 - IRS issues FAQs on leave-sharing plans (COVID-19)
Aug 3 - IRS updated FAQs on retirement plan distribution rules, partial terminations (COVID-19)
Jul 31 - Final regulations: Rule for swaps with significant nonperiodic payments
Jul 31 - TTB resources: Distilled spirits plant, resources for determining excise tax owed
Jul 31 - IRS updates FAQs on deferral of employment tax deposits, payments (COVID-19)
Jul 31 - Proposed regulations under section 1061, “carried interest” rules (text of regulations)
Jul 31 - KPMG report: Analysis of final FDII regulations
Jul 30 - IRS concept unit on accuracy-related penalties, tax professionals urge caution
Jul 30 - Notice 2020-58: Rehabilitation credit under section 47, deadline relief (COVID-19)
Jul 29 - IRS’s temporary procedure for filing Form 3115, accounting method changes (COVID-19)
Jul 29 - IRS practice units: Receipts from related CFC; accuracy-related penalties
Jul 27 - KPMG reports: Nevada (tax amnesty); Washington State (B&O tax, loans)
Jul 27 - IRS offers tax relief for Michigan storm and Utah earthquake victims
Jul 24 - Regulations: Rules for refundable employment tax credits (COVID-19)
Jul 22 - Senate Finance Committee leaders' statement on UK’s digital services tax
Jul 22 - Delaware: Court holds enforcement of unclaimed property subpoena would constitute abuse
Jul 20 - Regulations: GILTI and subpart F high-tax exception (text of final and proposed regulations)
Jul 20 - Proposed regulations on “carried interest” rules under section 1061; OIRA review completed
Jul 20 - PLR: Taxable REIT subsidiary found not operating a disqualifying healthcare facility
Jul 20 - IRS practice unit: Foreign tax credit limitation and computation
Jul 17 - Regulations pending OIRA review: Section 954, and coordinating rules under sections 245A and 951A
Jul 17 - U.S. Treasury, quarterly list of countries cooperating with international boycott (no changes)
Jul 16 - U.S. Treasury awards $3.548 billion in New Markets Tax Credit (NMTC) allocations
Jul 15 - IRS notification regarding delay in processing advance payment of employer credits
Jul 14 - Proposed changes to Form 1065 for partnerships with international tax items
Jul 14 - IRS LB&I division releases practice units for IRS examiners
Jul 10 - Proposed regulations: Grandfathered group health plans, group health insurance coverage
Jul 9 - Final regulations: Deduction under section 250, FDII and GILTI (text of regulations)
Jul 9 - Notice 2020-54: Reporting qualified sick leave, qualified family leave wages (COVID-19)
Jul 8 - OIRA review completed: Regulations on high-taxed GILTI exclusion, subpart F income
Jul 8 - Ninth Circuit: Oregon’s taxation of railroad intangible property held discriminatory
Jul 8 - Rev. Proc. 2020-37: Automobile depreciation deduction limits for 2020
Jul 7 - IRS memorandum for TE/GE employees, modified examination timelines (COVID-19)
Jul 7 - KPMG report: Insurance-related measures in consolidated NOL regulations
Jul 6 - States enacting federal tax conformity measures, new fiscal year starting July 1
Jul 6 - FAQs on coronavirus relief fund payments to states, local governments (COVID-19)
Jul 6 - IRS provides FAQs on treatment of certain payments to health care providers (COVID-19)
Jul 6 - IRS adds section 965 compliance campaign under TCJA (LB&I division)
Jul 6 - IRS practice unit: Reasonable cause and good faith
Jul 2 - Regulations: Consolidated net operating losses (text of regulations)
Jul 2 - Federal Circuit: Jurisdiction for tax overpayment interest claims
Jul 2 - LB&I memo on activities postponed, continued and resuming (COVID-19)
Jul 1 - Proposed regulations: Low-income housing credit compliance-monitoring duties under section 42
Jul 1 - Notice 2020-53: Temporary relief, low-income housing credit under section 42 (COVID-19)
Jun 29 - FAQs on PPP loans, maturity of loans (COVID-19)
Jun 29 - New FAQs on faxing refund claims, NOL carrybacks under CARES Act (COVID-19)
Jun 29 - National Taxpayer Advocate report to Congress identifying taxpayer challenges (COVID-19)
Jun 29 - Notice 2020-52: Mid-year amendment to safe harbor section 401(k) plan (COVID-19)
Jun 26 - IRS updated FAQs on deferral of employment tax deposits, payments (COVID-19)
Jun 26 - Delaware: More time allowed for unclaimed property voluntary disclosure (COVID-19)
Jun 26 - KPMG report: State, local tax changes (second quarter 2020, table format)
Jun 25 - IRS offers settlement for docketed Tax Court cases involving conservation easement transactions
Jun 24 - TTB release: Extension of relief from notice requirement for destruction of beer (COVID-19)
Jun 24 - U.S. Treasury relief, reduced assessments from banks paid to Comptroller of Currency (COVID-19)
Jun 23 - IRS updated FAQs on employee retention credit (COVID-19)
Jun 23 - KPMG report: Proposed regulations and guidance on qualified transportation fringe benefits
Jun 23 - Notice 2020-51: Waiver of 2020 required minimum distributions, retirement plans (COVID-19)
Jun 23 - Tax relief for taxpayers affected by April storms in Mississippi, South Carolina, Tennessee
Jun 22 - Remote sellers and marketplace facilitators update (Colorado, Louisiana, Mississippi)
Jun 22 - KPMG report: Tax relief, updated state and local tax guidance (COVID-19)
Jun 22 - KPMG report: Qualified opportunity zone rules, as of June 2020
Jun 19 - Treasury Secretary seeks “pause” in OECD Pillar 1 discussions of digital economy
Jun 19 - Proposed regulations, consolidated NOLs: OIRA review completed
Jun 19 - Notice 2020-50: Retirement plan distributions and loans, CARES Act relief (COVID-19)
Jun 19 - Tobacco industry’s special occupation tax due July 1
Jun 18 - KPMG report: Proposed regulations on carbon oxide sequestration credit, clarification provided
Jun 18 - Ninth Circuit: Mailbox rule not applicable for then-ineligible private delivery service
Jun 18 - OECD: Statement about ongoing negotiations, taxation of digital economy
Jun 17 - United States reportedly withdrawing from talks with EU on digital services tax
Jun 17 - Regulations pending OIRA review: GILTI, high-taxed subpart F income, foreign corporations’ E&P
Jun 17 - PPP loan-forgiveness application forms (COVID-19)
Jun 17 - IRS Services and Enforcement employees continue to accept, transmit documents by email (COVID-19)
Jun 17 - Tax impacts for infrastructure (COVID-19)
Jun 16 - Puerto Rico: Additional economic relief, tax measures (COVID-19)
Jun 16 - California: Tax increases expected for taxpayers; NOLs suspended and other tax-related measures
Jun 16 - Expanded list of state and local tax relief measures (COVID-19)
Jun 15 - Final regulations under section 250, deduction for FDII and GILTI; OIRA review completed
Jun 15 - Tax relief, updated state and local tax guidance (COVID-19)
Jun 12 - Notice 2020-49: Postponed time-sensitive actions, New Markets Tax Credits (COVID-19)
Jun 12 - PLR: REIT’s gross income includes section 481(a) adjustments from depreciation, amortization changes
Jun 11 - Proposed regulations: Limitations on like-kind exchanges
Jun 11 - Rev. Proc. 2020-16: Empowerment zone designation extension procedures
Jun 11 - Notice 2020-46: Employer leave-based donation programs (COVID-19)
Jun 10 - Notice 2020-47: Recommendations for guidance items for 2020-2021 Priority Guidance Plan
Jun 9 - Proposed regulations pending OIRA review: Consolidated NOLs
Jun 8 - Proposed regulations: “Qualifying relative” and personal exemption amount clarified
Jun 8 - Proposed regulations: Treatment of certain medical care arrangements under section 213
Jun 8 - Notice 2020-44: Self-insured health insurance annual fee
Jun 8 - KPMG report: IRS extends tax credit timelines for renewable energy projects
Jun 4 - Notice 2020-39: Relief for qualified opportunity zones and investors (COVID-19)
Jun 4 - Rev. Proc. 2020-34: Relief for mortgage loans, lease arrangements of certain trusts (COVID-19)
Jun 4 - Rev. Rul. 2020-13: Interest rates, tax overpayments and underpayments (third quarter 2020)
Jun 4 - Extension of QI/WP/WT certification due date
Jun 3 - Proposed regulations pending OIRA review: “Carried interest” under section 1061
Jun 3 - IRS practice unit: Flow-through entities, effects for individual’s foreign tax credit
Jun 2 - United States launches investigation of digital services taxes
Jun 2 - U.S. Tax Court: Transfers of real estate to liquidating trusts not bona fide dispositions
Jun 1 - Announcement 2020-7: Third six-year cycle pre-approved defined contribution plans
Jun 1 - TTB final regulations: Excise taxes on alcoholic beverages
May 29 - Rev. Proc. 2020-15: Updated list of countries, deposit interest paid to nonresident aliens
May 28 - Proposed regulations: Credit for carbon oxide sequestration under section 45Q
May 28 - OIRA review and expectations for more regulations, under 2017 tax law
May 28 - IRS provides FAQs on treatment of NOL carrybacks and AMT by C corporations (COVID-19)
May 28 - IRS provides FAQs for individuals claiming the “medical condition exception” in 2020 (COVID-19)
May 28 - FAQs on “Main Street Lending Program” (COVID-19)
May 27 - Final regulations pending OIRA review: Section 250 deduction for FDII and GILTI
May 27 - Updated FAQs on employee retention credit and PPP repayments
May 27 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 27)
May 26 - Proposed regulations: Income tax withholding, periodic retirement and annuity payments
May 26 - Proposed regulations: Personal exemption at zero, implications for health plan premium tax credit
May 22 - KPMG report: Real estate, documenting changes in intent and dealer property analysis (COVID-19)
May 22 - KPMG report: Tax implications of distressed leases (COVID-19)
May 21 - Federal Circuit: Section 1603 grants for wind energy firms, development fees not established
May 21 - Proposed regulations: Rehabilitation credit and rules coordinating with other credits
May 21 - U.S. Labor Department, ERISA rule allows retirement plan information to be provided electronically
May 21 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 21)
May 20 - Fourth Circuit: Real property tax impermissibly discriminates against railroads (South Carolina)
May 20 - Rev. Proc. 2020-32: HSA inflation-adjusted amounts for 2021
May 19 - Announcement 2020-6: References to NAFTA in U.S. income tax treaties, replaced with USMCA
May 19 - PLR: REIT’s retirement facilities not health care facilities, TRS can provide residential services
May 18 - TTB guidance, tax-free withdrawal of distilled spirits for hand sanitizers (COVID-19)
May 18 - IRS fact sheet, tax credits for COVID-19-related paid leave
May 18 - Treasury provides PPP loan forgiveness form, instructions
May 15 - IRM update, addressing CARES Act provisions concerning net operating losses and minimum tax credits
May 15 - IRS provides FAQs on aviation excise tax holiday under CARES Act
May 15 - Notice 2020-34: Reference price, natural gas from marginal wells during 2019
May 13 - Final regulations: Funding rule under section 385 (text of regulations)
May 13 - FAQs for PPP borrowers, safe harbor from SBA audit for “good faith” certification
May 13 - Eleventh Circuit: Conservation easement on golf course eligible for charitable deduction
May 13 - Washington State: Additional B&O tax imposed on financial institutions violates Commerce Clause
May 12 - Notice 2020-29, Notice 2020-33: Expanded relief for health-related cafeteria plans (COVID-19)
May 12 - Proposed regulations: Disallowed deductions and information reporting for fines, penalties
May 12 - Renewable electricity, refined coal production inflation factors, reference prices for 2020
May 12 - U.S. Tax Court: Regulations on charitable donation of conservation easement upheld as valid
May 11 - KPMG report: Healthcare REITs and whether to amend taxable REIT subsidiary leases (COVID-19)
May 11 - KPMG report: Use of elective stock dividends by publicly offered REITs (COVID-19)
May 11 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 11)
May 11 - IRS practice units: Accounting method changes, foreign earned income exclusion, other topics
May 8 - IRS updates FAQs on employee retention credit, treatment of health plan expenses and PPP repayments
May 7 - Proposed regulations: Deductions allowed estates, non-grantor trusts
May 7 - IRS releases FAQs on emergency relief grants to students being excluded from income (COVID-19)
May 7 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 7)
May 7 - Tax relief for taxpayers affected by early February 2020 storms in Oregon
May 6 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 6)
May 5 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 5)
May 4 - IRS relief regarding tax-exempt bonds (COVID-19)
May 4 - TTB release: FAQs on destruction of beer, recovery of taxes paid (COVID-19)
May 4 - Texas: Subscription revenue sourced to customer location, for franchise tax purposes
May 4 - KPMG report: Property owned by tax equity partnership is not public utility property (PLR)
May 1 - IRS adds new compliance campaign on TCJA (LB&I division)
May 1 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated May 1)
Apr 30 - KPMG report: Initial impressions of additional FAQs on the employee retention credit (COVID-19)
Apr 30 - IRS adds new FAQs on faxing refund claims, NOL carrybacks under CARES Act (COVID-19)
Apr 30 - FAQs on “Main Street” lending program (COVID-19)
Apr 30 - KPMG report: Potential COVID-19 impact on health insurance exchange enrollment
Apr 30 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 30)
Apr 29 - IRS updates, expands FAQs on employee retention credit (COVID-19)
Apr 29 - Extension of healthcare, health plan coverage, employee benefit plan timeframes (COVID-19)
Apr 29 - KPMG report: Accounting and financial reporting relating to CARES Act (COVID-19)
Apr 28 - IRS adds to FAQs on postponed tax return filing, paying deadlines
Apr 28 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 28)
Apr 24 - KPMG report: Initial impressions of proposed regulations on separately computed UBTI
Apr 24 - KPMG report: IRS FAQs on NOL carrybacks for taxpayers with section 965 inclusions (COVID-19)
Apr 24 - Puerto Rico: Pending legislative proposals, economic and tax relief (COVID-19)
Apr 24 - Treasury issues guidance on Paycheck Protection Program (PPP); Trump signs PPP funding legislation
Apr 23 - KPMG report: JCT description of employee retention credit, payroll deferral provisions in CARES Act
Apr 23 - KPMG report: FAQs for determining U.S. trade or business or permanent establishment (COVID-19)
Apr 23 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 23)
Apr 23 - IRS expands FAQs on postponed tax return filing, paying deadlines
Apr 23 - IRS provides FAQs on NOL carrybacks for taxpayers with section 965 inclusions
Apr 23 - Treasury releases updated FAQs on Paycheck Protection Program
Apr 22 - KPMG report: Relief for taxpayers to correct, change QIP depreciation methods (Rev. Proc. 2020-25)
Apr 22 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 22)
Apr 22 - FAQs on payroll support for air carriers and contractors (COVID-19)
Apr 21 - KPMG report: COVID-19-related inventory impairments; cash flow opportunity for resellers
Apr 21 - Proposed regulations concerning like-kind exchanges; OIRA review completed
Apr 21 - Revenue procedures, FAQs: Relief for nonresidents remaining in United States (COVID-19)
Apr 21 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 21)
Apr 20 - KPMG report: Section 1400Z-2 final regulations; observations on correcting amendments (April 2020)
Apr 20 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 20)
Apr 20 - KPMG reports: Arkansas (working remotely); Colorado (sales tax, gift wrapping); Virginia (web-blog)
Apr 20 - Excise tax relief, distilled spirits used to produce hand sanitizers (COVID-19)
Apr 20 - Section 45K: Nonconventional source production credit, reference price for 2019
Apr 17 - Rev. Proc. 2020-25: Depreciation of qualified improvement property
Apr 17 - Rev. Rul. 2020-8: 10-year limitations period, foreign tax credit and NOL carrybacks
Apr 17 - IRS FAQs on tax credits for required paid leave provided employees by SMEs (COVID-19)
Apr 17 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 17)
Apr 17 - IRS expands FAQs on faxing refund claims, NOL carrybacks under CARES Act (COVID-19)
Apr 16 - KPMG report: ATNOL carrybacks under the CARES Act
Apr 16 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 16)
Apr 15 - LB&I activities that are temporarily suspended, continued (COVID-19)
Apr 15 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 15)
Apr 14 - KPMG report: Tax considerations of disruptions in healthcare industry in COVID-19 environment
Apr 14 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 14)
Apr 13 - Rev. Proc. 2020-26: Safe harbors, loan forbearance programs under CARES Act (COVID-19)
Apr 13 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 13)
Apr 13 - IRS provides Q&As on “quick refunds” process for NOL carrybacks under CARES Act (COVID-19)
Apr 13 - IRS cautions certain mechanisms for requesting taxpayer records not available (COVID-19)
Apr 13 - IRS issues FAQs on deferral of employment tax deposits and payments (COVID-19)
Apr 13 - IRS practice unit: Statute of limitations on assessment of tax
Apr 10 - Notice 2020-23: IRS announces extensions for section 1031 “like-kind exchange” deadlines (COVID-19)
Apr 10 - Rev. Proc. 2020-14: List of countries eligible for section 911(d)(1) waiver for 2019
Apr 10 - IRS updates FAQs on postponed tax return filing, paying deadlines (COVID-19)
Apr 10 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 10)
Apr 10 - KPMG report: Initial impressions of IRS guidance implementing NOL provisions in CARES Act (COVID-19)
Apr 10 - IRS re-issues Form 941 to address employee retention credit (COVID-19)
Apr 9 - Notice 2020-23: Relief for taxpayers affected by coronavirus pandemic (COVID-19)
Apr 9 - Rev. Proc. 2020-24: Guidance on NOL carryback measures from CARES Act (COVID-19)
Apr 8 - Rev. Proc. 2020-23: Relief for partnerships, allowing amended returns (COVID-19)
Apr 8 - IRS statement on corporate tax refunds (COVID-19)
Apr 8 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated 8 April, evening)
Apr 8 - IRS practice unit: Adjustment for overwithholding on Form 1042
Apr 8 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 8)
Apr 8 - KPMG report: Debt restructuring, considerations for private equity (COVID-19)
Apr 8 - U.S. Treasury quarterly list, countries cooperating with international boycott (no changes)
Apr 7 - Regulations: Hybrid arrangements (text of final and proposed regulations)
Apr 7 - Treasury guidance, Q&As on loan program for air carriers, eligible businesses (COVID-19)
Apr 6 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 6)
Apr 6 - IRS Appeals to temporarily accept, transmit documents by email (COVID-19)
Apr 6 - KPMG report: Accounting and reporting impacts of CARES Act (COVID-19)
Apr 3 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 3)
Apr 3 - KPMG report: Employer-related liquidity–tax credits, deferrals, and efficiencies (COVID-19)
Apr 2 - Treasury “fact sheet” on lending programs under CARES Act
Apr 2 - KPMG report: Lending programs under CARES Act, including interactions with tax provisions (COVID-19)
Apr 2 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated April 2)
Apr 1 - Proposed regulations: Computing and reporting reserves, life insurance companies
Apr 1 - Postponed payment, reporting date for TTB excise taxes (COVID-19)
Apr 1 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated 1 April)
Mar 31 - KPMG report: State and local tax guidance, tax relief (COVID-19) (updated March 31)
Mar 31 - IRS provides Q&As on employee retention credit (COVID-19)
Mar 31 - Draft IRS form, instructions for claiming advance payment of employer credits (COVID-19)
Mar 31 - FAQs on employee retention credit in CARES Act (COVID-19)
Mar 31 - IRS Services and Enforcement employees to accept, transmit documents by email (COVID-19)
Mar 31 - KPMG report: Income tax accounting (COVID-19)
Mar 30 - PLRs: Parking revenue qualifies as rents from real property for REITs
Mar 30 - KPMG reports: Florida (online platforms); Missouri (taxable rentals); Missouri (resale exemption)
Mar 30 - KPMG report: Cash-flow planning, leveraging tax accounting methods and credits (COVID-19)
Mar 30 - KPMG report: Compensation and benefits considerations (COVID-19)
Mar 30 - KPMG report: REIT considerations (COVID-19)
Mar 27 - KPMG report: State, local tax changes (first quarter 2020, table format)
Mar 27 - IRS suspends certain administrative procedures (COVID-19)
Mar 27 - Notice 2020-21: Employment tax credits for certain paid leave (COVID-19)
Mar 27 - State and local tax guidance, tax relief in response to coronavirus (COVID-19) (updated March 27)
Mar 26 - Puerto Rico: Additional extension of deadlines, tax relief relating to coronavirus (COVID-19)
Mar 26 - Puerto Rico: Extended tax return filing, tax payment dates (table format) (COVID-19)
Mar 26 - Regulations pending OIRA review: Excise tax on tax-exempt organization compensation
Mar 26 - U.S. Labor Department, additional guidance on paid sick leave, expanded FMLA (COVID-19)
Mar 26 - State and local tax guidance, tax relief in response to coronavirus (COVID-19) (updated March 26)
Mar 25 - New FAQs from IRS concerning QI / WP / WT
Mar 25 - IRS extends time for certain financial institutions to file Form 8966, “FATCA Report” (COVID-19)
Mar 25 - IRS suspends key compliance programs, responding to coronavirus (COVID-19)
Mar 24 - U.S. Labor Department: Guidance about paid sick leave, expanded FMLA (COVID-19)
Mar 24 - IRS provides FAQs on postponed tax return filing, paying deadlines (COVID-19)
Mar 24 - KPMG report: Timing considerations for QOF and QOF investors in light of COVID-19
Mar 23 - KPMG report: REITs and cash conservation in response to coronavirus (COVID-19)
Mar 23 - Final regulations: Foreign tax credit, and section 901(m) “covered asset acquisitions”
Mar 23 - KPMG report: 2020 FBAR update; revisit the rules while relief is available
Mar 23 - KPMG reports: Georgia (personal property tax); Maryland (digital taxation); Michigan (apportionment)
Mar 21 - KPMG report: Income tax accounting, possible effects from coronavirus (COVID-19)
Mar 21 - KPMG report: New law (H.R. 6201) provides paid FMLA and sick leave (COVID-19)
Mar 20 - Treasury expected to announce tax return filing extension (COVID-19)
Mar 20 - Reminder of opportunity; payroll offsets using R&D tax credits (COVID-19)
Mar 20 - Proposed regulations, denial of deduction for fines, penalties; OIRA review completed
Mar 20 - PLR: Lease rights constitute real property for REIT purposes
Mar 19 - LB&I directive: Centralized risking of cases with research issues
Mar 17 - Puerto Rico: Tax deadline extensions, response to coronavirus (COVID-19)
Mar 17 - KPMG report: Employers providing employee hardship assistance related to coronavirus (COVID-19)
Mar 14 - Regulations pending OIRA review: Credit for carbon oxide sequestration, section 45Q
Mar 13 - OIRA update: Expectations for issuance of regulations, under 2017 tax law (TCJA)
Mar 13 - AOD 2020-1: IRS nonacquiescence in payroll tax refund, professional employment organizations
Mar 12 - Proposed regulations, net operating loss (NOL) deduction; OIRA review completed
Mar 11 - Notice 2020-15: High-deductible health plans, expenses related to coronavirus (COVID-19)
Mar 11 - IRS practice unit: Computing alternative minimum tax, foreign tax credit (individual taxpayers)
Mar 6 - IRS offers tax relief, taxpayers affected by tornadoes in Tennessee
Mar 6 - IRS update to 2019-2020 priority guidance plan (second quarter)
Mar 6 - Notice 2020-14: Defined benefit plans, 2020 cumulative list for plan qualification requirements
Mar 5 - SEC regulatory relief for companies affected by coronavirus
Mar 2 - Rev. Proc. 2020-17: U.S. reporting relief concerning certain tax-favored foreign trusts
Feb 28 - Regulations implementing “carried interest” measures; OIRA review completed
Feb 27 - Regulations concerning hybrid dividends and payments; OIRA review completed
Feb 27 - Federal district court: No alternative tax credit under section 6426 for butane
Feb 27 - Former KPMG tax professional named National Taxpayer Advocate
Feb 27 - IRS adds new compliance campaigns on fuel credit, research issues (LB&I division)
Feb 25 - U.S. Supreme Court: Tax refund dispute when no tax allocation agreement of corporate members
Feb 24 - Proposed regulations: Deductibility of meal and entertainment expenses
Feb 24 - KPMG report: Claiming retroactively reinstated renewable fuel incentives
Feb 24 - KPMG report: Extended income recognition deferral for “specified goods”
Feb 21 - Proposed regulations: Deductibility of business meal expenses (text of regulations)
Feb 21 - IRS releases updated instructions for Form 1065 (2019)
Feb 21 - Notice 2020-13: Housing expense limit adjustments, foreign locations for 2020
Feb 21 - Rev. Proc. 2020-13: Guidance for farmers on uniform capitalization rules
Feb 20 - Proposed regulations pending OIRA review: Like-kind exchanges
Feb 20 - Proposed regulations pending OIRA review: Net operating loss (NOL) deduction
Feb 19 - IRS reminder: Revised Form W-4, new filing addresses for Form 941
Feb 19 - Notice 2020-12 and Rev. Proc. 2020-12: Carbon oxide sequestration credit under section 45Q
Feb 18 - KPMG report: Contractor’s “substantial rights” for research tax credit (U.S. Tax Court)
Feb 14 - Corrections to final regulations, transfers to partnerships with related foreign partners
Feb 13 - KPMG report: Insights on OECD’s revised “Unified Approach” to tax challenges of digitalisation
Feb 13 - KPMG report: OECD transfer pricing (final) guidance on financial transactions: Initial impressions
Feb 13 - IRS updates and corrects FAQs for QI / WP / WT
Feb 12 - Washington State: Legislation revises B&O tax surcharge
Feb 11 - Proposed regulations: Federal income tax withholding from employee wages
Feb 11 - IRS updates FAQs for QI / WP / WT
Feb 10 - Proposed regulations pending OIRA review: Business interest deduction limitation
Feb 10 - Rev. Rul. 2020-5: Adjustments to basis for life insurance contracts
Feb 10 - IRS practice unit: Interest capitalization for self-constructed assets
Feb 10 - Trump Administration budget proposals for FY 2021
Feb 10 - KPMG report: Nexus, taxation of remote sales, marketplace facilitators (GA, NE, NC, WV)
Feb 7 - PLR: Reimbursement payments, qualifying income for REIT’s 95% income test only
Feb 7 - Puerto Rico: Transition to “SURI” (Internal Revenue Integrated System), updates
Feb 7 - U.S. Treasury quarterly list, countries cooperating with international boycott (no changes)
Feb 5 - Regulations on business interest limitation under section 163(j); OIRA review completed
Feb 4 - Final regulations: Employer-provided vehicles, fleet average and cents-per-mile valuation rules
Feb 4 - Regulations pending OIRA review: Denial of deduction for fines, penalties
Jan 31 - IRS update on “micro-captive insurance transactions”
Jan 31 - Louisiana: Online marketplace not a “dealer” required to collect parish sales taxes
Jan 29 - Final regulations: Return due dates, extended due date amendments
Jan 29 - Puerto Rico: Deductible expenses, alternative basic or alternative minimum tax for 2019
Jan 29 - Rev. Rul. 2020-4: Low-income housing credit
Jan 28 - IRS practice unit: Overview of the enhanced oil recovery tax credit
Jan 28 - KPMG report: Highlights of recent tax law changes for the healthcare industry
Jan 27 - IRS reminder: First oil spill liability tax due by January 29, 2020
Jan 27 - U.S. trade court: “Substitution drawbacks” of wine companies
Jan 27 - KPMG report: Remote sellers and marketplace facilitators update (AR, GA, LA, NC)
Jan 24 - Notice 2020-6: Relief for reporting required minimum distributions for IRAs for 2020
Jan 23 - IRS offers tax relief for taxpayers affected by Puerto Rico earthquakes
Jan 22 - IRS posts “training materials” on the 2017 U.S. tax law
Jan 22 - IRS practice unit: FDAP payments – Statistical sampling and projection procedures
Jan 22 - KPMG report: Global withholding taxes, income and gains from listed securities (2019)
Jan 21 - IRS guidance on Form 8038-CP for bond issuers requesting tax credit payments
Jan 21 - Update on France’s digital services tax
Jan 21 - Washington State: Home improvement retailer entitled to bad debt deduction (court decision)
Jan 20 - KPMG report: Tax planning guide 2020, for individual taxpayers
Jan 17 - IRS to consider relief from double taxation related to section 965 repatriation
Jan 17 - Final regulations: Transfers to partnerships with related foreign partners (text of regulations)
Jan 17 - Inflation adjustment factors, Indian coal production credits for 2018 and 2019
Jan 17 - Notice 2020-4: Extension of temporary dyed fuel tax relief, Wisconsin terminals
Jan 16 - IRS to restore sequestered funds (AMT only) to businesses pursuant to OMB determination
Jan 15 - Regulations pending OIRA review: Implementing “carried interest” measures
Jan 15 - Proposed regulations on cloud-computing, digital-content transactions; public hearing scheduled
Jan 15 - Notice 2020-8: Biodiesel, renewable fuel credits for 2018-2019
Jan 15 - Alabama and Ohio: Financial institutions-related tax changes effective 2020
Jan 14 - Regulations concerning nuclear decommissioning costs; OIRA review completed
Jan 14 - Tenth Circuit: No redemption rights following sales to enforce federal tax liens
Jan 13 - KPMG report: SEC comments on accounting for income taxes
Jan 13 - KPMG report: Remote sellers and marketplace facilitators update (Alaska, Illinois)
Jan 9 - Puerto Rico: Tax relief for taxpayers affected by January 2020 earthquakes
Jan 8 - U.S. Tax Court: UK entity’s income from work on U.S. outer continental shelf held taxable
Jan 8 - Utah: Corporate tax rate reduction, sales tax changes
Jan 8 - Reminder of energy-related excise tax extenders enacted in late 2019
Jan 8 - IRS National Taxpayer Advocate report for 2019
Jan 6 - U.S. public hearing concerning France’s digital services tax
Jan 6 - U.S. Tax Court: Requirement for IRS supervisory approval before penalty assessments
Jan 6 - TTB reminder, federal excise tax return filing dates for 2020
Jan 6 - KPMG report: Sales tax obligations of marketplace facilitators (Michigan, Missouri, Florida)
Jan 6 - KPMG reports: California (goodwill); Louisiana (sales tax, online sales)
Jan 3 - Oregon: Corporate activity tax, effective January 1, 2020
Jan 3 - Rev. Rul. 2020-2: Covered compensation tables for 2020 plan year
Jan 2 - IRS releases annual revenue procedures for 2020
Jan 2 - KPMG report: State and local tax, technology-related guidance (table, fourth quarter 2019)
Dec 31 - Final regulations for opportunity zones are released to Federal Register
Dec 31 - Notice 2020-5: Standard mileage rates for 2020
Dec 30 - Craft beverage excise tax provisions extended through 2020; wine credit transfers
Dec 27 - Changes proposed in 2019 draft instructions for Form 1065 and Schedule K-1
Dec 27 - Final regulations under FATCA; taxpayer burden reduction
Dec 21 - KPMG report: Tax provisions enacted in December 2019 appropriations legislation
Dec 20 - KPMG report: Initial impressions of final regulations for opportunity zones
Dec 20 - FBAR filings: Deadline again extended for individuals with signature authority
Dec 20 - Texas: Franchise tax, economic nexus rule is finalized
Dec 20 - KPMG report: Analysis of final and proposed foreign tax credit regulations
Dec 19 - Final regulations: Opportunity zones (text of regulations and FAQs)
Dec 19 - KPMG report: Simplifications to accounting for income taxes
Dec 19 - Proposed regulations: Misdirected direct-deposit refunds
Dec 18 - Regulations pending OIRA review: Business interest limitation under section 163(j)
Dec 18 - KPMG report: State, local tax changes; yearly summary for 2019 (table format)
Dec 17 - Regulations pending OIRA review: Hybrid dividends and payments
Dec 16 - Notice 2020-2: Extended phase-in provisions under section 871(m) regulations
Dec 16 - Rev. Proc. 2020-10: Third six-year remedial amendment cycle, pre-approved defined benefit plans
Dec 16 - KPMG report: Section 409A and equity compensation
Dec 16 - KPMG report: Year-in-review (2019), qualified plan guidance
Dec 16 - Regulations relating to foreign tax credit released to Federal Register
Dec 16 - Final regulations: Dividend equivalents from sources within the United States (text of regulations)
Dec 13 - Proposed regulations: Payments made to charities in return for consideration
Dec 12 - Rev. Proc. 2020-9: Extended deadline, plan amendments and hardship distributions
Dec 11 - IRS and TTB agree to whistleblower process regarding federal excise taxes
Dec 10 - Notice 2019-67: Mortality rates, tables for defined benefit pension plans (2021)
Dec 9 - Notice 2019-66: Relief from broad partner tax basis capital account reporting for 2019
Dec 9 - KPMG report: “BEAT” final regulations, provisions applicable to insurance companies
Dec 9 - Final regulations on opportunity zones, pending OIRA review
Dec 6 - Notice 2019-65: Regulations under section 987, additional deferral of effective date
Dec 6 - Rev. Rul. 2019-28: No change to interest rates on tax underpayments, overpayments
Dec 5 - Proposed regulations, payments made to charitable entities; OIRA review completed
Dec 5 - Regulations pending OIRA review: Special rules for nuclear decommissioning costs under section 468A
Dec 4 - OECD responds to U.S. Treasury’s letter on digital services tax
Dec 4 - Treasury opposition to digital services tax initiatives, support for Pillar One
Dec 4 - Notice 2019-64: Required amendments list (2019) for qualified retirement plans
Dec 3 - KPMG report: Initial impressions about final and proposed foreign tax credit regulations
Dec 2 - U.S. conclusions, trade-related investigation of France’s digital services tax
Dec 2 - Regulations: Foreign tax credit (text of regulations)
Dec 2 - Regulations implementing BEAT rules (text of regulations)
Dec 2 - Notice 2019-63: Health coverage information-reporting deadline extension
Nov 27 - IRS guidance on BBA field exam procedures, partnership returns
Nov 27 - U.S. trade-related report on France’s digital services tax expected next week
Nov 26 - Rev. Proc. 2019-48: Rules for using per diem rates to substantiate expenses incurred away from home
Nov 22 - Final regulations: Basic exclusion amount, estate and gift taxes (text of regulations)
Nov 22 - Fifth Circuit: No bad debt deduction for payment made to address subsidiary’s undercapitalization
Nov 22 - IRS offers tax relief for taxpayers affected by South Dakota storms
Nov 22 - Tier 2 tax rates for railroads, no changes for 2020
Nov 21 - Ninth Circuit’s decision upholding section 482 stock-based compensation regulations is final
Nov 15 - Proposed regulations: Transparency in health plans, insurance coverage
Nov 15 - TTB voluntary disclosure program for unreported changes in control or proprietorship
Nov 15 - KPMG report: 2019-2020 priority guidance plan and REITs
Nov 15 - KPMG report: Private letter rulings concerning REITs in 2019
Nov 14 - Rev. Proc. 2019-46: Business standard mileage rate rules reflecting 2017 tax law changes
Nov 13 - North Carolina: Market-based sourcing and marketplace-facilitator legislation enacted
Nov 12 - KPMG report: Comments on “Pillar One” approach to address digital economy tax issues
Nov 12 - Ninth Circuit denies en banc rehearing, section 482 stock-based compensation case
Nov 12 - IRS focus on “syndicated conservation easement” transactions
Nov 12 - IRS releases draft instructions for BBA partnership forms
Nov 11 - BEAT proposed and final regulations; OIRA review completed
Nov 11 - KPMG report: Rules for defined compensation arrangements under section 409A
Nov 11 - KPMG report: Sale of partnership interests resulting in ordinary income
Nov 8 - Final regulations: Health insurance providers fee, electronic filing requirements
Nov 8 - Rev. Proc. 2019-43: List of automatic changes, accounting methods
Nov 7 - Proposed regulations: Updated life expectancy, distribution period tables for retirement plans
Nov 7 - Second Circuit: Untaxed cigarettes manufactured by and sold on Indian reservation
Nov 6 - Notice 2019-59: Pension plans, cost-of-living adjustments for 2020
Nov 6 - Rev. Proc. 2019-44: Inflation adjustments for 2020, individual taxpayers
Nov 6 - IRS practice unit: Examining taxpayers electing partial disposition of building
Nov 6 - Proposed regulations: Eligible terminated S corporations (initial impressions)
Nov 6 - IRS adds new compliance campaign on cross-border activities (LB&I division)
Nov 4 - Proposed regulations: Eligible terminated S corporations (text of regulations)
Nov 4 - TTB excise tax penalty relief for industry affected by California wildfires
Nov 1 - PLR: Amounts REIT receives from tenants for boat slips, marina storage
Oct 31 - “Documentation regulations” under section 385 are removed; new regulations to be proposed
Oct 31 - Draft of revised Form 8996 for reporting opportunity zone fund data
Oct 31 - Foreign tax credit regulations; OIRA review completed
Oct 30 - Regulations pending OIRA review: Payments to charitable entities in return for consideration
Oct 28 - U.S. Tax Court: Charitable donation denied, conservation easement not “protected in perpetuity”
Oct 24 - KPMG report: Proposed regulations address TCJA gross income acceleration requirement
Oct 22 - Regulations on interest in corporations as stock or indebtedness (OIRA review completed)
Oct 17 - IRS directive, work opportunity tax credit (WOTC)
Oct 14 - KPMG report: Marketplace guidance, sales and use tax (California, Maine, Massachusetts, Texas)
Oct 14 - KPMG reports: Louisiana (GILTI); Washington State (B&O tax)
Oct 11 - Final regulations: Timing of losses related to federally declared disasters
Oct 11 - IRS nonacquiescence, transfer of non-capital asset; capital asset sale or exchange treatment
Oct 9 - Regulations pending OIRA review: Stock or indebtedness, interest in corporations
Oct 9 - Delaware: Additional unclaimed property audit notices and voluntary disclosure program invitations
Oct 9 - IRS priority guidance plan for 2019-2020
Oct 9 - IRS reminder: QI, WP, WT application deadline, November 15, 2019
Oct 9 - Proposed regulations: Contribution limits applicable to ABLE accounts
Oct 9 - Rev. Rul. 2019-24: Tax treatment of transactions involving cryptocurrency
Oct 9 - U.S. Treasury’s quarterly list, countries cooperating with international boycott (no changes)
Oct 8 - Proposed regulations: Transition from interbank offered rates (IBORs) to other reference rates
Oct 8 - Puerto Rico: Electronic filing requirements of Forms W-2 for tax year 2019
Oct 7 - IRS provides tax relief for taxpayers affected by Tropical Storm Imelda
Oct 7 - KPMG report: Marketplace guidance, sales and use tax (Maryland, Wisconsin)
Oct 4 - Regulations pending OIRA review: Foreign tax credit guidance
Oct 3 - KPMG report: Changes proposed in draft versions, Form 1065 and Schedule K-1 for 2019
Oct 1 - IRS guidance limits reach of life insurance reserve election
Oct 1 - KPMG report: Nonresident state income tax withholding, cross-border business travelers
Sep 30 - IRS releases draft versions of Forms 1065, 1120-S for 2019 tax year
Sep 30 - Rev. Proc. 2019-39: Recurring remedial amendment periods for correcting section 403(b) plans
Sep 30 - Notice 2019-54: More time for drought-affected farmers, ranchers to replace livestock
Sep 27 - Proposed regulations: Employer shared-responsibility provisions, health reimbursement arrangements
Sep 27 - Rev. Rul. 2019-22: Fringe benefit aircraft valuations, second half 2019
Sep 26 - Federal Circuit: Alternative mixture fuel credit denial upheld
Sep 26 - Regulations on eliminating interbank offered rates (OIRA review completed)
Sep 26 - IRS releases “tax gap” estimates
Sep 25 - Notice 2019-55: Per diem rates, substantiation of employee lodging, meals, incidentals (2019-2020)
Sep 25 - Tax relief for taxpayers affected by storms in Mississippi (February-March 2019)
Sep 25 - KPMG report: State, local tax changes (third quarter 2019, table)
Sep 24 - Rev. Proc. 2019-38: Section 199A “safe harbor” for rental real estate
Sep 20 - Tax treaty update: Protocol to United States-Luxembourg income tax treaty is ratified
Sep 20 - Tax treaty update: Protocol to United States-Switzerland income tax treaty is ratified
Sep 19 - Final regulations: Hardship distributions from section 401(k) plans (text of regulations)
Sep 19 - U.S. agencies propose rule to implement 2% withholding tax on certain foreign payments
Sep 19 - U.S. contractors, exemption from Afghanistan taxes
Sep 17 - Regulations: Additional first-year depreciation deduction (regulations released to Federal Register)
Sep 17 - Regulations under section 59A or “BEAT” provisions (pending OIRA review)
Sep 17 - Notice 2019-52: Low-income housing credit, expanded California wildfire-related disaster relief
Sep 17 - Florida: Reminder of approaching deadline, corporate information reports
Sep 16 - Second Circuit: Jurisdiction of U.S. Court of Federal Claims, claim for overpayment interest
Sep 13 - Final regulations: Additional first-year depreciation (OIRA review completed)
Sep 12 - IRS announces application period for 2020 Compliance Assurance Process (CAP) program
Sep 9 - KPMG report: Remote sellers and marketplace nexus guidance (updates from numerous states)
Sep 9 - Proposed regulations: Built-in gains and losses under section 382(h) (text of regulations)
Sep 9 - Regulations: Additional first-year depreciation allowance (OIRA review completed)
Sep 6 - KPMG report: Proposed regulations on changes to income recognition rules; initial impressions
Sep 6 - Eighth Circuit: South Dakota use tax preempted for certain Indian tribal transactions
Sep 6 - IRS practice unit: French levies eligible for U.S. foreign tax credit
Sep 6 - IRS relief procedures for certain expatriates, U.S. tax law compliance
Sep 5 - Proposed regulations: Timing of income inclusion under section 451 (text of regulations)
Sep 3 - IRS to waive dyed fuel penalty in Florida; hurricane-related relief
Sep 3 - Notice 2019-50: Annual fee imposed on health insurance providers for 2020
Aug 30 - Tax treaty update: Protocol to income tax treaty between United States and Japan, entry into force
Aug 30 - Tax treaty update: Protocol to income tax treaty between United States and Spain, entry into force
Aug 29 - Regulations pending OIRA review: Guidance on eliminating interbank offered rates
Aug 29 - Rev. Proc. 2019-36: Foreign insurance companies; effectively connected net investment income (2018)
Aug 28 - U.S. Tax Court: Taxpayer properly offset interest expenses against real estate income
Aug 27 - Rev. Proc. 2019-23: Updated list of countries, deposit interest paid to nonresident aliens
Aug 27 - Missouri: Extended statute of limitations for sales and use tax refunds (10 years)
Aug 26 - U.S. agreement reportedly reached with France, digital services tax
Aug 26 - KPMG report: Mineral interest income and section 199A deduction
Aug 26 - KPMG report: The “Wyden bill”—a new approach to taxing carried interest
Aug 26 - KPMG reports: California (apportionment); New Jersey (GILTI and FDII); Utah (foreign tax credit)
Aug 23 - Notice 2019-49: Nondiscrimination relief for “closed” defined benefit plans extended through 2020
Aug 22 - Proposed regulations: Employer-provided vehicles, fleet average and cents-per-mile valuation rules
Aug 21 - KPMG report: Non-life insurance companies and “BEAT” considerations
Aug 21 - Proposed regulations under section 451(b) and (c); OIRA review completed
Aug 19 - IRS directive on U.S. creditability of two French social taxes; change in IRS position
Aug 19 - U.S. trade-related hearing of France’s digital services tax
Aug 16 - Ninth Circuit affirms Tax Court; intangible assets and valuation in cost-sharing arrangement
Aug 14 - IRS to waive estimated tax penalty automatically for 2018
Aug 14 - Regulations pending OIRA review: Tables for required minimum distribution rules, section 401(a)(9)
Aug 14 - Rev. Rul. 2019-19: Failure to cash retirement plan distribution check does not change gross income
Aug 13 - IRS releases revised Form 8283 for noncash contributions
Aug 12 - KPMG report: Franchise tax nexus, proposed changes (Texas)
Aug 9 - KPMG report: Guidance on accounting method change for insurance companies (Rev. Proc. 2019-34)
Aug 6 - Rev. Proc. 2019-34: Simplified procedures for insurance companies to change methods of accounting
Aug 5 - IRS withdraws LB&I directive on cost-sharing arrangements
Aug 1 - KPMG joins amicus brief requesting en banc review by Ninth Circuit (cost-sharing arrangements)
Aug 1 - Reminder: Heavy highway vehicle use tax return (Form 2290) due September 3
Aug 1 - IRS practice unit: Source of income, nonresident alien individuals
Jul 31 - Rev. Proc. 2019-33: Relief for bonus depreciation late elections, or revoking prior elections
Jul 26 - Final regulations for additional first-year depreciation allowance (pending OIRA review)
Jul 26 - IRS notifies virtual currency owners to pay back taxes, file amended returns
Jul 26 - California: Proposals considered, addressing changes to market-based sourcing rules
Jul 25 - Rev. Proc. 2019-32: Extension of time for partnerships filing superseding Forms 1065
Jul 24 - Proposed regulations: Determining built-in gains and losses (OIRA review completed)
Jul 23 - Final regulations: Partnership allocations of foreign income taxes to partners
Jul 23 - IRS adds six new compliance campaigns (LB&I division)
Jul 22 - G7 finance ministers, agreement on taxation of digital economy
Jul 22 - Rev. Proc. 2019-29: Health insurance premium tax credit, contribution percentage for 2020
Jul 22 - Rev. Proc. 2019-30: Insurance companies, automatic consent for accounting method change
Jul 22 - Rev. Proc. 2019-31: Insurance companies, revised unpaid loss discount factors for 2018 accident year
Jul 22 - KPMG report: States impose tax collection for marketplace facilitators (Ohio, Wisconsin)
Jul 18 - IRS provides tax relief for Texas storm victims
Jul 17 - Tax treaty update: U.S. Senate approves Protocols with Switzerland, Luxembourg, Japan
Jul 17 - Notice 2019-45: Expanded list of preventive care for certain chronic conditions (HSA eligibility)
Jul 16 - Tax treaty update: U.S. Senate approves Protocol with Spain
Jul 16 - IRS reminder: Q&As provide guidance about section 965 transition tax
Jul 15 - KPMG report: Certification of professional employer organizations
Jul 12 - KPMG report: Status of digital services tax legislation, proposals
Jul 11 - IRS relief, taxpayers in Missouri affected by April 2019 storms
Jul 11 - Tax treaty update: Senate expected to consider four Protocols
Jul 11 - Regulations on tax treatment of cloud computing; OIRA review completed
Jul 11 - California: “Loophole closing” legislation adopts certain TCJA changes
Jul 11 - Final regulations: Advance payments for goods, long-term contracts
Jul 11 - Timeline for USTR investigation of France’s digital services tax
Jul 10 - USTR launches Section 301 investigation of France’s proposed digital services tax
Jul 10 - Country-by-country reporting updates from IRS
Jul 2 - Final regulations: Truncated TINs for wage, tax statements furnished to employees
Jul 2 - Proposed regulations: Multiple employer plans (MEPs)
Jul 1 - IRS updates FAQs on opportunity zones
Jul 1 - Unclaimed property rules for gift cards, gift certificates in Colorado, Washington State
Jul 1 - KPMG reports: Louisiana (passthrough entities); Mississippi (apportionment); Oregon (GILTI)
Jun 28 - IRS provides Q&As concerning section 965 (including transfer and consent agreements)
Jun 28 - Federal Circuit: “Section 1603” cash award, open-loop biomass producing electricity
Jun 27 - Puerto Rico: Sales and use tax holiday, school uniforms and supplies
Jun 26 - New York: Legislation revises GILTI exclusion rules, modifies “Wayfair” threshold
Jun 26 - KPMG report: Excess business loss limitation under section 461(I)
Jun 25 - Tax treaty update: Senate Foreign Relations approves four Protocols
Jun 25 - KPMG report: State, local tax changes (second quarter 2019, table)
Jun 25 - Regulations concerning excise tax on college net investment income (OIRA review completed)
Jun 25 - Notice 2019-42: Opportunity zones designated in Puerto Rico
Jun 25 - KPMG report: Section 199A implications for cooperatives; initial impressions of proposed regulations
Jun 24 - U.S. Senate Finance Committee leaders' letter concerning France’s proposed digital services tax
Jun 24 - KPMG report: IRS position on multiple RAB shares in CSAs
Jun 24 - KPMG report: Opportunity zones and REITs
Jun 21 - U.S. Supreme Court: In-state beneficiary insufficient for state to tax undistributed trust income
Jun 19 - OIRA review completed: Proposed regulations regarding multiple employer plan (MEP) rules
Jun 18 - Notice 2019-27: Guidance for cooperatives and patrons on QBI deduction
Jun 18 - Proposed regulations: Rules under section 199A for cooperatives and patrons (text of regulations)
Jun 18 - Regulations pending OIRA review: Proposed regulations under section 451(b)
Jun 17 - KPMG reports: California (apportionment); New York (royalty payments); Vermont (sales tax sourcing)
Jun 14 - Final regulations: “Global intangible low-taxed income” (GILTI) (text of regulations)
Jun 14 - IRS considering new CAP applications; publicly traded corporations must express interest by July 26
Jun 14 - Regulations: Distilled spirits standards, malt beverage labeling rules (OIRA review completed)
Jun 13 - Final regulations: Health reimbursement arrangements, account-based group health plans
Jun 13 - Final regulations: Modification of discounting rules for insurance companies
Jun 13 - KPMG report: Ninth Circuit reverses Tax Court (again), upholds cost-sharing regulations
Jun 13 - IRS practice unit: Allocation of success-based fees in certain acquisitions
Jun 11 - Final regulations: State and local tax credits and charitable contributions (text of regulations)
Jun 11 - OIRA review completed, final regulations on health reimbursement arrangements (HRAs)
Jun 10 - KPMG reports: Arizona (federal conformity); Connecticut (sales tax); Illinois (tax rate increases)
Jun 7 - Ninth Circuit reverses Tax Court, validity of cost-sharing arrangement regulations
Jun 6 - GILTI regulations under sections 951(b) and 951A; OIRA review completed
Jun 6 - JCT overview of GILTI and FDII provisions (sections 250 and 951A)
Jun 5 - IRS directive, selecting transfer pricing issues involving cost sharing arrangements
Jun 5 - Rev. Rul. 2019-15: Interest rates, tax overpayments and underpayments (third quarter 2019)
Jun 4 - IRS to stop faxing tax transcripts, mailing returns to third parties
Jun 3 - Final regulations: Transfers of property to REITs following corporate distributions
Jun 3 - IRS provides relief for taxpayers affected by Oklahoma storms, flooding
Jun 3 - Minnesota: Corporate conformity legislation, effective retroactively
May 31 - IRS notices: Oil and gas, marginal well factors, percentage depletion for 2019
May 31 - IRS releases draft Form W-4 for 2020, provides FAQs
May 30 - Proposed regulations: Withholding on distributions, guidance under section 3405
May 30 - Hearing on FDII and GILTI proposed regulations, set for July 10, 2019
May 30 - Regulations pending OIRA review: Proposed regulations under section 245A
May 29 - Rev. Proc. 2019-25: HSA inflation-adjusted amounts for 2020
May 29 - Alabama: Financial institution excise tax, reform legislation
May 29 - KPMG report: Final regulations, amount determined under section 956 for corporate U.S. shareholders
May 24 - D.C. Circuit: Charitable contribution denied, basis in donated property omitted
May 23 - Final regulations: Certified professional employer organizations (employee leasing companies)
May 23 - U.S. Treasury awards $3.5 billion in New Markets Tax Credit (NMTC) allocations
May 22 - Delaware: Unclaimed property, voluntary disclosure agreement “invitations” expected soon
May 21 - Rev. Proc. 2019-26: Automobile depreciation deduction limits for 2019
May 21 - Kentucky: Deadline to claim deferred tax deduction is July 1, 2019
May 20 - OIRA review: Distilled spirits standards, malt beverage labeling rules (proposed regulations)
May 20 - KPMG report: Remote sellers collecting tax (Louisiana, Virginia)
May 17 - Oregon: Corporate activity tax bill is signed into law
May 16 - IRS replaces coordinated industry case program with large corporate compliance program
May 16 - Regulations pending OIRA review: Excise tax on college net investment income (section 4968)
May 15 - Tenth Circuit: S corporation, employees/ESOP beneficiaries held section 267 “related persons”
May 15 - Developments and analysis guide for the 2017 tax law: New KPMG website
May 14 - Proposed regulations: Multiple employer plan (MEP) regulations subject to OIRA review
May 10 - Final regulations: Income, currency gain or loss of “qualified business unit” (section 987)
May 10 - Notice 2019-31: Inflation adjustment factor, carbon oxide sequestration (section 45Q)
May 10 - IRS practice unit: Transaction costs in a corporate separation
May 10 - Colorado: New unclaimed property law; new rules for life insurance companies
May 9 - Rev. Rul. 2019-13: Cash distributions during the post-termination transition period
May 9 - U.S. Tax Court: Employment tax obligations of charter yacht operator
May 8 - Indiana: Sourcing rules for corporate income tax; marketplace facilitators to collect sales tax
May 7 - Notice 2019-33: Future guidance on tax reserves used by public utilities; request for comments
May 7 - Rev. Proc. 2019-22: Private schools' use of website to publicize racially nondiscriminatory policy
May 7 - OIRA review of final regulations, health reimbursement arrangements
May 7 - IRS reminder: May 13 deadline, EIN requirements for responsible parties
May 7 - Third Circuit: Loan guarantees by CFCs includible in taxpayer’s gross income
May 6 - Eleventh Circuit: Taxpayer denied losses from S corporation’s indebtedness
May 6 - KPMG report: Employee or independent contractor; common law test in new tax paradigm
May 6 - KPMG report: Economic nexus legislation, remote sales (Georgia, South Carolina, Tennessee)
May 6 - KPMG reports: Oklahoma (passthrough entity tax); Pennsylvania (deductible interest expense limit)
May 1 - Rev. Proc. 2019-20: Expansion of retirement plan determination letter program
Apr 30 - IRS practice unit: Taxation of shipping and air transport income
Apr 29 - KPMG report: Economic nexus legislative update (California, Colorado)
Apr 29 - KPMG reports: Iowa (business interest deduction limit); Maryland (GILTI); New Jersey (GILTI)
Apr 29 - KPMG report: Twenty questions about possible technical corrections to 2017 Tax Act
Apr 25 - IRS announces Peter Blessing appointed Associate Chief Counsel (International)
Apr 25 - Federal Circuit: State brownfield tax credit amounts held subject to federal income tax
Apr 24 - Notice 2019-30: Recommendations requested for 2019-2020 priority guidance plan
Apr 23 - Kentucky: Second bill enacted under comprehensive tax legislative package
Apr 22 - IRS reminder for QI / WP / WT periodic-review certification
Apr 19 - Rev. Proc. 2019-19: Employee plan compliance, self-correction program update
Apr 18 - Opportunity zones: Highlights of the second set of proposed regulations
Apr 18 - Reminder of May 13 deadline: EIN requirements for responsible parties
Apr 18 - KPMG video: OECD’s proposals on taxing the digital economy; comparison to U.S. tax reform
Apr 17 - IRS adds three new compliance campaigns (LB&I division)
Apr 17 - OIRA review completed; proposed regulations under qualified opportunity funds (section 1400Z-2)
Apr 16 - Correcting amendments, final regulations under section 199A
Apr 16 - Ninth Circuit: Mailbox rule for refund claims, regulations accorded deference
Apr 16 - Rev. Rul. 2019-10: Fringe benefit aircraft valuations, first half 2019
Apr 15 - Enhanced oil recovery, marginal well production credits; reference price (2018)
Apr 15 - KPMG report: Pricing method, services cost method eligibility under U.S. BEAT provision
Apr 15 - KPMG report: IRS denies tax-favored employer-provided meals in technical advice memo
Apr 15 - KPMG report: Economic nexus, marketplace providers collecting tax (Arkansas, Idaho, Indiana)
Apr 12 - OIRA review of proposed regulations: Determining built-in gains and losses
Apr 12 - OIRA review of proposed regulations: Guidance under section 451(c)
Apr 12 - JCT overview of “BEAT” provisions under section 59A
Apr 11 - Tax Court: Captive does not qualify as insurance company, premiums paid not deductible
Apr 11 - Rev. Proc. 2019-18: Safe harbor for professional sports team, valuation of certain player contracts
Apr 11 - New Mexico: Comprehensive tax legislation affecting businesses enacted
Apr 10 - Congressional tax committee leaders express support for OECD efforts, digital services taxes
Apr 9 - Corrections to final regulations under section 965
Apr 8 - IRS provides Form 1065 FAQs, negative capital account reporting
Apr 8 - Final regulations: Tax-exempt bonds, clarifying definition of “investment-type property”
Apr 8 - IRS practice units: Interest capitalization, accounting for developers and subcontractors
Apr 8 - KPMG report: Economic nexus update, marketplace facilitators’ tax collection obligations
Apr 8 - Updated FAQ, independence standard, external reviewer of QI / WP / WT
Apr 5 - IRS priority guidance plan for 2018-2019 (second quarter update)
Apr 5 - New Jersey: Managerial member of combined group must register; registration portal is open
Apr 2 - Second Circuit: Tax refund jurisdiction of Tax Court
Apr 1 - KPMG report: New tool for APA submissions
Apr 1 - KPMG report: Other provisions in U.S. tax law—tax accounting, compensation and benefits
Apr 1 - KPMG report: State legislative actions, sales and use tax guidance (CA, KY, NY, ND, VA)
Mar 29 - New York: Credits for dual residents, court declines to review cases
Mar 29 - Rev. Rul. 2019-11: Tax treatment of state and local tax refunds
Mar 28 - Notice 2019-24: Housing expense limit adjustments, foreign locations for 2019
Mar 28 - Rev. Proc. 2019-15: List of countries eligible for section 911(d)(1) waiver for 2018
Mar 28 - IRS Appeals guidance on partnership audit procedures under Bipartisan Budget Act (BBA)
Mar 28 - New FAQs under FATCA; compliance items for foreign financial institutions
Mar 28 - Kentucky: Comprehensive tax legislation signed into law
Mar 28 - KPMG report: State, local tax developments (first quarter 2019, table)
Mar 28 - JCT overview of section 163(j), limitation on deduction of business interest
Mar 27 - Notice of withdrawal of proposed regulations under Subchapter C
Mar 27 - Announcement 2019-03: APMA program, APA statistics for 2018
Mar 27 - IRS revises EIN application process
Mar 27 - FASB re-proposes changes to income tax disclosures
Mar 26 - Notice 2019-22: Credit phase-out, qualified plug-in electric vehicles (General Motors, LLC)
Mar 26 - Tax relief for taxpayers affected by storms, flooding in Iowa
Mar 25 - Final regulations: Reportable transactions penalties
Mar 25 - Proposed regulations: Transfers of property to REITs
Mar 25 - OIRA review: SALT credits, charitable contributions; guidance under sections 164 and 170(c)
Mar 25 - JCT report, distributional effects of Public Law 115-97 (U.S. tax law)
Mar 25 - IRS provides FAQ on certifications, periodic reviews for QI / WP / WT
Mar 25 - KPMG report: State sales tax nexus legislation update (Nebraska, North Carolina, North Dakota)
Mar 22 - IRS relief for storm victims in Nebraska
Mar 22 - Proposed regulations: Corporate partners, transactions involving equity interest of partner
Mar 22 - Proposed regulations: Life insurance contracts, reportable sales and reportable death benefits
Mar 22 - Notice 2019-25: Expanded estimated tax penalty waiver for 2018, individual taxpayers
Mar 22 - IRS practice unit: Foreign-initiated adjustments, competent authority guidance
Mar 20 - JCT report on federal tax system, in effect for 2019
Mar 20 - Washington State: Economic nexus bill enacted; remote retailers and marketplaces affected
Mar 19 - Texas: Personal property renditions due April 1
Mar 19 - U.S. Supreme Court: No fuel tax by Washington State on Native American tribe
Mar 18 - Trump Administration’s FY 2020 budget: “Analytical Perspectives”
Mar 18 - Final regulations: Income test qualification for RICs
Mar 18 - Proposed regulations under “anti-hybrid” provisions; hearing cancelled
Mar 18 - KPMG report: FBAR update for officers, employees
Mar 18 - KPMG report: State legislative actions, sales and use tax for marketplace facilitators
Mar 18 - KPMG reports: New York (broker-dealer); New York (marketplace provider); Utah (corporate nexus)
Mar 15 - Status of Treasury proposed regulations pending OIRA review
Mar 15 - IRS practice unit: Automatic exchange of information
Mar 15 - Agreement between United States and India, exchange of country-by-country reports
Mar 14 - IRS reminder about retirement plan correction program, electronic submissions
Mar 13 - Rev. Rul. 2019-06: Covered compensation tables for 2019 plan year
Mar 13 - U.S. Tax Court: S corporation liable for section 6699 penalty; extension application not filed
Mar 12 - Regulations pending OIRA review, qualified opportunity funds (section 1400Z-2)
Mar 12 - Notice 2019-10: Comments requested, fuel excise tax regulations related to power take-off
Mar 12 - Ninth Circuit: Estate tax deficiency sustained, overstated charitable deduction
Mar 11 - Trump Administration budget proposals for FY 2020
Mar 11 - Final regulations: 296 regulations withdrawn, 79 modified
Mar 11 - Proposed foreign tax credit regulations, hearing cancelled
Mar 11 - U.S. Tax Court: Premium tax credit under Affordable Care Act
Mar 11 - Delaware: Additional unclaimed property audit notices, voluntary disclosure invitations
Mar 8 - IRS practice unit: Competent authority, under tax treaty’s MAP article
Mar 8 - KPMG report: Initial impressions, observations on proposed FDII, GILTI regulations under section 250
Mar 7 - Notice 2019-20: Penalty relief, partnership negative tax basis capital account reporting
Mar 7 - Proposed regulations, “anti-hybrid” provisions (hearing scheduled for March 20)
Mar 7 - Proposed regulations, FATCA burden relief (hearing set for April 10)
Mar 7 - IRS relief for certain taxpayers affected by Alabama storms
Mar 6 - Treasury policy statement on tax regulatory process
Mar 6- Notice 2019-18: Lump-sum payments instead of future annuity payments (defined benefit plans)
Mar 6 - U.S. Tax Court: Indian tribe not liable for employment taxes of corporate division
Mar 5 - Proposed “BEAT” regulations, hearing scheduled for March 25
Mar 5 - Proposed foreign tax credit regulations, corrections
Mar 4 - Proposed regulations under section 250 for FDII deductions (text released)
Mar 4 - U.S. Supreme Court: Wages paid to injured railroad worker are taxable compensation
Mar 4 - KPMG report: More state actions, economic nexus for remote sales
Feb 28 - U.S. Tax Court: Determination of and IRS supervisory approval for penalties
Feb 28 - Notice 2019-17: Estimated tax penalty relief for individual farmers, fishermen
Feb 27 - Proposed foreign tax credit regulations, hearing scheduled for March 14
Feb 27 - Final regulations: Utility allowance rules, low-income housing credit (section 42)
Feb 27 - IRS reminders on filing country-by-country reports on Form 8975
Feb 27 - IRS practice unit: Self-employment tax and partners
Feb 27 - Ninth Circuit: IRS third-party contact summons quashed, Publication 1 not reasonable notice
Feb 27 - Senate confirms Desmond as IRS Chief Counsel
Feb 26 - Tenth Circuit: Medical marijuana company’s deductions denied
Feb 25 - TTB return is updated, firearms and ammunition excise tax
Feb 25 - KPMG report: Tax rules for parking deductions, increased UBTI
Feb 25 - KPMG report: State actions, economic nexus for remote sales
Feb 23 - OIRA review completed; proposed regulations under section 250 for FDII deductions
Feb 22 - Final regulations: Low-income housing credit under section 42, compliance monitoring
Feb 21 - Request for information, grandfathered group health plans and insurance coverage
Feb 21 - Final regulations: Centralized partnership audit regime (text of regulations)
Feb 20 - U.S. Supreme Court: State taxation, pensions of former law enforcement employees
Feb 18 - KPMG report: State legislative proposals, economic nexus for retailers
Feb 15 - IRS acquiescence: Tax Court decision, hockey team’s pregame meals as de minimis fringe benefit
Feb 13 - Virginia: Conformity bill pending signature by governor
Feb 12 - IRS National Taxpayer Advocate’s report for 2018
Feb 11 - KPMG report: Final section 263A regulations and taxpayers with “negative adjustments”
Feb 11 - KPMG report: Section 451(b) and new book-tax conformity rules
Feb 8 - Senate Finance leadership’s position on proposed EU digital services tax
Feb 5 - U.S. Treasury’s quarterly list, countries cooperating with international boycott (no changes)
Feb 5 - KPMG report: Changes in corrected final regulations under section 199A
Feb 4 - Final regulations under section 199A released to Federal Register
Feb 4 - Final regulations released to Federal Register, "transition tax” under section 965
Feb 1 - Final regulations under section 199A; new version reflects changes
Jan 30 - Final regulations under section 965; new version reflects changes
Jan 30 - IRS operations after shutdown ended
Jan 30 - LB&I focus guide for 2019; IRS strategic goals
Jan 29 - Public hearings scheduled: GILTI and opportunity zone proposed regulations
Jan 29 - IRS practice units: Permanent establishment status and issues
Jan 28 - IRS announces tax filing season opens for individual taxpayers
Jan 28 - IRS practice unit: Energy-efficient commercial buildings, section 179D deduction (expired)
Jan 28 - KPMG report: Legislation proposed in states focuses on “Wayfair” issues (HI, IA, MA, ND, OK, RI, WI)
Jan 28 - KPMG report: Possible penalty exposure, cost-sharing agreements and stock-based compensation
Jan 25 - IRS addresses partial government shutdown impact on Tax Court cases
Jan 24 - KPMG report: Analysis and observations of final section 199A regulations
Jan 24 - KPMG report: SEC comments on accounting for income taxes
Jan 23 - IRS final forms, instructions: Implementing U.S. tax law changes
Jan 22 - KPMG report: Regulations addressing treatment under section 199A, dividends paid by REITs
Jan 21 - KPMG report: States follow up with action to “Wayfair” decision (IN, MA, NY, ND, PA, WY)
Jan 18 - Final regulations under section 199A (20% deduction), text released by IRS
Jan 18 - KPMG report: Final regulations relating to “transition tax” under section 965
Jan 17 - OIRA review completed, final regulations under section 199A (20% deduction)
Jan 16 - Notice 2019-11: Estimated tax penalty waiver for 2018, individual taxpayers
Jan 16 - IRS updates contingency plan for IRS operations during government shutdown
Jan 16 - KPMG report: Interim guidance, taxing “excess” executive compensation of exempt organizations
Jan 15 - IRS release, effects of partial government shutdown on IRS operations
Jan 15 - Final regulations under section 965, text is released by IRS
>> Return to the TaxNewsFlash U.S. homepage
>> Go to the TaxNewsFlash "global" homepage
>> Go to TaxNewsFlash-Legislative Updates
>> Go to TaxNewsFlash-Tax Reform
>> Go to the section 385 regulations homepage
KPMG’s reports including analysis and observations on responses to the coronavirus (COVID-19) pandemic in the United States
© 2021 KPMG LLP, a Delaware limited liability partnership and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.
For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.
The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.