Tax regulations

The guidance is the first since 2014.

At long last, the IRS proposes new regs on cloud transactions.

The Treasury Department and IRS issued proposed regulations to help taxpayers avoid negative tax consequences in the transition away from the London Interbank Offered Rate and other interbank rates to newer reference rates.

A new notice explains which rates taxpayers should use as of Oct. 1.

Rev. Proc. 2019-40 will limit the inquiries some U.S. taxpayers have to face.

The Internal Revenue Service issued new rates for business travelers to use.

The Internal Revenue Service had a difficult time coming out with guidance, forms and instructions for provisions of the Tax Cuts and Jobs Act like GILTI.

The tax break allows businesses to write off most depreciable business assets during the year they are placed in service.

Tax-exempt organizations, including many political groups, will be able to avoid disclosing the names of their contributors, despite a recent court decision.

The former Soviet republic of Georgia is another jurisdiction where interest payments must be reported.