Mark Luscombe, JD, LLM, a CPA and attorney, is the principal federal tax analyst for the company and is a key member of the CCH Tax Legislation team tracking and analyzing legislation before Congress. Luscombe is the current chair of the Important Developments Subcommittee of the Partnership Committee of the American Bar Association Tax Section and regularly speaks on a wide range of tax topics. In addition, Luscombe co-authors a biweekly tax strategies column for the respected professional publication Accounting Today and authors a monthly tax trends column for TAXES magazine. Prior to joining CCH, he was in private practice for almost 20 years with several Chicago-area law firms where he specialized in taxation.Luscombe offers a thorough understanding and analysis of federal tax, its application and its impact on both the individual and corporate taxpayer.
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In spite of the lack of new tax legislation so far this year, taxpayers and tax preparers have plenty to focus on in preparing 2023 returns.
October 25
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The proposed regulations define a digital asset as any digital representation of value that is recorded on a cryptographically secure distributed ledger or any similar technology.
September 22
Wolters Kluwer Tax & Accounting -
Two notices from the IRS offer guidance on the new rules regarding minimum distribution requirements from the SECURE Act 2.0.
August 15Wolters Kluwer Tax & Accounting -
The decision potentially has much broader ramifications than just those with regard to penalties with respect to Form 5471.
July 20Wolters Kluwer Tax & Accounting -
It is still not clear that the IRS will treat payments for this year the same as payments for last year.
June 27Wolters Kluwer Tax & Accounting -
The Inflation Reduction Act made major changes to the tax breaks available for clean energy activities.
May 11Wolters Kluwer Tax & Accounting -
The requirements to qualify include final assembly in North America and sourcing some critical minerals and battery components here.
April 18Wolters Kluwer Tax & Accounting -
The service is largely blaming third-party promoters, but it's putting some of the burden of fixing the problem on tax preparers.
March 16Wolters Kluwer Tax & Accounting -
The IRS continues to pursue these controversial transactions, in court and elsewhere.
February 20Wolters Kluwer Tax & Accounting -
An in-depth look at the provisions of the new act and how they impact retirement planning.
February 2
