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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The requirements for the Clean Vehicle Credit seemed a little complicated when they were introduced, and they are proving to be a little difficult in practice.
April 3
Wolters Kluwer Tax & Accounting -
While Congress and the Trump administration seem to want major tax legislation this year, it looks like it is going to be a very difficult process.
March 20Wolters Kluwer Tax & Accounting -
The last Trump administration placed limits on new federal regulations, and it seems reasonable to expect more of the same.
February 5Wolters Kluwer Tax & Accounting -
Inside the IRS's recent focus on broker reporting of digital asset transactions and the Form 1099-DA.
January 29Wolters Kluwer Tax & Accounting -
Having the White House, House and Senate all in control of the same party increases the likelihood that major tax legislation can be agreed upon.
December 17Wolters Kluwer Tax & Accounting -
The long efforts to put in place the enforcement mechanisms to attack syndicated conservation easements appear to at last be finalized.
December 3Wolters Kluwer Tax & Accounting -
So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.
October 18Wolters Kluwer Tax & Accounting -
2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,
September 26Wolters Kluwer Tax & Accounting -
The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.
August 7Wolters Kluwer Tax & Accounting -
A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.
August 1Wolters Kluwer Tax & Accounting
