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Tax Returns New Regulations

Eversheds Sutherland (US) LLP

House tax bill proposes changes to information reporting rules

On May 14, 2025, the House Ways and Means Committee approved the “One, Big, Beautiful Bill,” containing the tax provisions destined for the budget reconciliation package. Several of the bill’s provisions would affect...more

McDermott Will & Schulte

Weekly IRS Roundup December 30, 2024 – January 3, 2025

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 30, 2024 – January 3, 2025. December 30, 2024: The IRS released Internal Revenue Bulletin 2025-1,...more

BakerHostetler

Monetizing Renewable Energy Credits - Final Regulations on Direct Pay

BakerHostetler on

As covered in our prior alerts, the Inflation Reduction Act modified and reinstated existing renewable energy credits, enacted new renewable energy credits, and enacted under § 6417 an election that allows applicable entities...more

McDermott Will & Schulte

Weekly IRS Roundup December 2 – 6, 2019

McDermott Will & Schulte on

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 2 – 6, 2019. December 2, 2019: The IRS issued final regulations providing guidance...more

McDermott Will & Schulte

Weekly IRS Roundup September 30 – October 4, 2019

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 30 – October 4, 2019. September 30, 2019: The IRS published a draft of the tax year...more

Parker Poe Adams & Bernstein LLP

S.C. Avoids Accounting Nightmare for 2018 Tax Returns and Expands Tax Credits for Economic Development

The South Carolina legislature finalized two bills this week that will impact economic development, the broader business community, and nearly every taxpayer in the state. The bill with the widest impact – H.5341 – was...more

A&O Shearman

California Enacts New Partnership Audit Rules

A&O Shearman on

On September 23, 2018, Senate Bill 274, Administration of taxes: notice of deficiency assessment (SB-274), was signed into law by Governor Jerry Brown of California. With the enactment of SB-274, California has adapted its...more

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