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Mark Battersby

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Tax Watch: Proposed commodity swaps rules are clarified

The Department of the Treasury and the Internal Revenue Service have clarified the rules they proposed last spring…

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Tax Watch: Congress questions the true effect of tax cuts

Pressure is mounting on the Congressional Budget Office to scrap its system for estimating how much legislative proposals…

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Tax Watch: No business activity, no tax-free treatment

The Internal Revenue Service recently issued guidance (Revenue Ruling 2002-49, 2002-32 I.R.B.) on transactions that qualify for tax-free…

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Tax Watch: Couple takes their lumps after winning lottery

A couple who traded a portion of their annualized lottery winnings for a lump sum from a finance company found out the hard way that the lump sum is ordinary taxable income.

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Tax Watch: ‘Bermuda Triangle’ loophole for state taxes

As Congress rushes to close the-infamous “Bermuda Triangle” federal tax loophole that indirectly encourages U.S. corporations to seek…

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Tax Watch: Outcome determines short-sale closing date

The Internal Revenue Service has ruled that the date used to determine when a short sale of stock…

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Tax Watch: IRS targets accounting firms for shelter data

The Internal Revenue Service plans to take action against two unnamed accounting firms as part of its efforts…

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Tax Watch: IRS starting fast-track dispute resolution

Beginning this month, small businesses and self-employed taxpayers can resolve tax disputes through a new fast-track mediation program…

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Tax Watch: IRS gets new weapon to fight tax dodges

The Internal Revenue Service is stepping up efforts to shut down abusive tax-avoidance transactions. Last month the agency…

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Tax Watch: Where’s that refund? Soon you can learn online

Taxpayers soon will be able to check the status of their refunds on the Internet, the Internal Revenue…