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 Tax Court approach in a recent case may produce a split among the circuit courts, and the Supreme Court may take a case to resolve the split.
June 13
Wolters Kluwer Tax & Accounting -
Overall, a better experience, but there were still some bumps on the road to April 18.
May 9Wolters Kluwer Tax & Accounting -
The situation in the long term still looks favorable for the IRS: It now has specific authority to attack syndicated conservation easements that are too abusive.
April 23Wolters Kluwer Tax & Accounting -
Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.
March 25Wolters Kluwer Tax & Accounting -
While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.
February 13Wolters Kluwer Tax & Accounting -
As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
January 25Wolters Kluwer Tax & Accounting -
In a recent case, the Tax Court addressed the issue of when limited partners may be subject to self-employment tax.
December 26Wolters Kluwer Tax & Accounting -
Proposed regulations from the IRS are generally effective beginning in 2024.
November 10Wolters Kluwer Tax & Accounting -
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 22Wolters Kluwer Tax & Accounting
