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Regulatory Agenda › Internal Revenue Service › Tax Deductions

Seyfarth Shaw LLP

The Week in Weed: February 2025 # 2

Seyfarth Shaw LLP on

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, we look at a new proposal that would prevent cannabis companies from deducting business expenses, even if...more

McDermott Will & Schulte

Weekly IRS Roundup March 13 – March 17, 2023

McDermott Will & Schulte on

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of March 13, 2023 – March 17, 2023...more

Polsinelli

The Proposed Inflation Reduction Act Moves to the House After the Senate Passes a Revised Version of the Bill

Polsinelli on

On August 7, 2022, the Senate passed the Inflation Reduction Act of 2022 (H.R. 5376) (the “Act”).  The announced goal of the Act is to create an economic initiative to address various climate protection initiatives.  In...more

Morgan Lewis - Up & Atom

IRS Issues Final Rule on Nuclear Decommissioning Funds

Morgan Lewis - Up & Atom on

The Internal Revenue Service (IRS) and the US Department of the Treasury (Treasury) published a final rule in the September 4 Federal Register updating IRS regulations under Internal Revenue Code (Code) Section 468A....more

Herbert Smith Freehills Kramer

Final Treasury Regulations Facilitate Foreign Subsidiary Credit Support

Herbert Smith Freehills Kramer on

On May 23, the Department of the Treasury and the IRS published final regulations (the final regulations) under Section 956 of the Internal Revenue Code of 1986, as amended (the Code). ...more

Brownstein Hyatt Farber Schreck

Taxation & Representation - March 2019 #3

Brownstein Hyatt Farber Schreck on

IN THIS ISSUE - Tax Tidbit - - $43,060,000,000 Legislative Lowdown - - Extenders: Contenders or Pretenders? - Better Later Than Never - Democrats Budge on Budget ...more

Holland & Knight LLP

Tax Changes Impacting Government Enforcement: Comments Due November 13, 2018

Holland & Knight LLP on

As described in a blog post on March 13, 2018, Section 13306 Tax Cuts and Jobs Act, P.L. 115-97 (Dec. 22, 2017) revises the longstanding rule on the deductibility as a business expense (or lack thereof) of "any fine or...more

Mitchell, Williams, Selig, Gates & Woodyard,...

IRS Says Not So Fast to States' Attempts to Convert High State and Local Tax Obligations to Charitable Deductions to Escape TCJA...

Mitchell, Williams, Selig, Gates & Woodyard,... on

In Notice 2018-54, the IRS has notified taxpayers that proposed regulations are forthcoming which will deny state attempts to convert a taxpayer’s state and local tax obligations to a charitable deduction in order to avoid...more

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