Tax Watch: IRS proves a beneficiary of life insurance
The 8th U.S. Circuit Court of Appeals has ruled that the Internal Revenue Service is entitled to all…
Tax Watch: Treasury issues tax treatment guidance
The Department of the Treasury has issued proposed regulations that contain detailed rules on the tax treatment of…
Tax Watch: Rules on stock-based compensation are final
The Department of the Treasury and the Internal Revenue Service have issued final regulations on the tax treatment…
Tax Watch: Foreign tax issues are drawing the spotlight
At the same time that Rep. William M. Thomas, R-Calif., chairman of the House Ways and Means Committee,…
Tax Watch: IRS wary of ‘ignorance’ blitz after acquittal
A federal court jury recently acquitted a woman who believed that she wasn’t required to pay income taxes…
Tax Watch: Younger Americans face increasing taxes
A report recently released by the General Accounting Office says younger Americans will face tax increases, cuts in…
Tax Watch: Tax Court strikes at family limited partnerships
There is little doubt that a May ruling by the U.S. Tax Court will require estate planners to…
Tax Watch: IRS shutting down yet another tax shelter
In an effort to shut down a new tax shelter, the Internal Revenue Service is informing investors that…
Tax Watch: Court lets sun shine on tax shelter investors
A U.S. District Court in North Carolina recently denied injunctive relief to tax shelter investors seeking to prevent…
Tax Watch: IRS concedes case but is upheld on costs issue
The U.S. Tax Court has ruled that the Internal Revenue Service’s position in a recent case was justified…