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Final and proposed IRS positions on the interpretation of Internal Revenue Code sections specific to retirement plans.

Review U.S. Department of the Treasury recent and proposed regulations on tax-exempt bonds.

IR-2023-31, Feb. 21, 2023 — The Department of the Treasury and the IRS today issued final regulations amending the rules for filing returns and other documents electronically (e-file). These regulations will require certain filers to e-file beginning in 2024.

Major tax reform was approved by Congress in the Tax Cuts and Jobs Act (TCJA) on December 22, 2017. The IRS is implementing this major tax legislation that will affect both individuals and businesses. We will provide information and guidance to taxpayers, businesses and the tax community as it becomes available.

IR-2023-220, Nov. 17, 2023 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations updating rules for the investment tax credit under section 48 (ITC) that have been unchanged since 1987.

IR-2024-235, Sept. 12, 2024 — The Internal Revenue Service today issued proposed regulations to provide guidance on the Corporate Alternative Minimum Tax.

Defines final property regulations, who the tangible property regulations apply to and the important aspects of the final regulations. The procedures by which a taxpayer may obtain the automatic consent of the Commissioner of Internal Revenue to change to the methods of accounting.

IR-2024-237, Sept. 13, 2024 — Today the Department of the Treasury and the Internal Revenue Service issued proposed regulations for Tribal General Welfare Benefits. Section 139E of the Internal Revenue Code was enacted by the Tribal General Welfare Exclusion Act of 2014 (Act) and excludes from gross income the value of any Tribal General Welfare Benefit.

IR-2024-281, Oct. 24, 2024 — The Department of the Treasury and the Internal Revenue Service today issued final regulations to provide guidance for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act of 2022 (IRA).

Regulations, rulings, notices, announcements, and other FATCA-related guidance or requirements.