Tax Litigation, Tax Deductions, IRS

Hobby Loss Rules Revisited

Foster Garvey PC on 4/23/2025

With the Corporate Transparency Act hopefully in our rearview mirrors, I decided to take a brief break from my ongoing series on Subchapter S and report on a different topic. In the last few weeks, the Magistrate Division of...more

Weekly IRS Roundup March 13 – March 17, 2023

McDermott Will & Schulte on 3/21/2023

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

Taxpayer Victory in an IRC Section 199 Contract Manufacturing Case

McDermott Will & Schulte on 3/28/2020

Recently, the US Federal District Court for the Southern District of Iowa in Meredith Corp. v. United States, No. 4:17-cv-00385 (S.D. Iowa Mar. 20, 2020), held that a magazine publisher was entitled to refund of federal...more

Weekly IRS Roundup November 11 – 15, 2019

McDermott Will & Schulte on 11/21/2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of November 11–15, 2019. November 11, 2019: The IRS released Delegation Order 30-9 announcing the...more

Weekly IRS Roundup September 16 – 20, 2019

McDermott Will & Schulte on 9/24/2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 16 – 20, 2019. September 16, 2019: The IRS issued a news release about time-limited...more

"MassMutual Victory May Pave the Way for Earlier Deductions"

Skadden, Arps, Slate, Meagher & Flom LLP on 4/21/2015

Earlier this month, Massachusetts Mutual Life Insurance Company (MassMutual), represented by Skadden, won a federal appeal permitting the company to deduct policyholder dividends in the year the dividends were declared, even...more