Tax regulations

The Internal Revenue Service and the Treasury Department released proposed regulations and temporary regulations to offer guidance for consolidated groups on net operating losses in the wake of changes under both the Tax Cuts and Jobs Act of 2017 and the CARES Act.

Cost segregation can be more complex than you think, depending on who owns the asset, how the property reports revenue, the nature of repairs and improvements made, and the depreciation time frame desired.

The Internal Revenue Service released final regulations Wednesday on how a regulated investment company that receives qualified real estate investment trust dividends should report the dividends paid by the company to its shareholders in accordance with section 199A of the Tax Code, which allows the investors to take a hefty deduction.

The Internal Revenue Service has issued a set of proposed regulations to provide guidance on the elimination of the deduction of qualified transportation fringe and commuting expenses in the Tax Cuts and Jobs Act.

The Internal Revenue Service provided guidance on expanded eligibility and more.

A little-used part of the U.S. tax code allows foundations to use some of their endowments as “program-related investments.”

The Internal Revenue Service is giving investors in opportunity zone funds relief from some of the requirements in the controversial program because of the COVID-19 pandemic.

It won’t count as income to employees, but they also won’t be able to deduct it.

In the midst of a global pandemic, the gravitational pull toward digital transactions has been amplified.

The service issued guidance that levies a 21 percent excise tax on some nonprofit employees’ salaries above $1 million.