Tax regulations

June 30, 2026, should be circled in red on the calendars of thousands of large multinational companies. 

The IRS and the Treasury posted temporary regulations and a notice of proposed rulemaking outlining a new way to recover federal excise taxes paid on dyed fuel.

Centralized Authorization File processing remains one of the most significant challenges in tax administration — but Business CAF isn't the solution yet.

The Justice Department's order delivers meaningful tax relief to the medical cannabis industry and signals a serious federal effort to align with state laws.

The IRS posted an updated fact sheet on the tax rules surrounding educational assistance benefits after the passage of the One Big Beautiful Bill Act.

Golden parachutes remain a popular strategy for aligning executive and shareholders' interests in corporate transactions but can trigger significant tax penalties.

The new excise tax under the One Big Beautiful Bill Act will impose new costs on remittances sent by immigrant workers to family members abroad.

The Internal Revenue Service and the Treasury released final regulations on the new tax deduction for tipped employees under the One Big Beautiful Bill Act.

The IRS and Treasury are providing guidance on how states, territories and the District of Columbia can nominate census tracts to be qualified opportunity zones.

The Internal Revenue Service issued a revenue procedure on how businesses can take advantage of new tax breaks offered by the OBBBA and withdraw elections made under the old rules.

The IRS's changes in its instructions for claiming the new tax deduction for tips is making it more difficult for self-employed and gig economy workers.

The IRS is proposing to remove regulations that tried to crack down on the abusive use of basis-shifting transactions by partnerships as a way of minimizing taxes.

The pilot program for the new Trump accounts will deposit $1,000 into the accounts of children born between 2025 and 2028.

The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.

Proposed regulations will affect the determination of taxable income or loss and foreign currency gain or loss with respect to a qualified business unit.

The IRS and the Treasury released interim guidance on a special depreciation allowance for qualified production property under the One Big Beautiful Bill Act.

The American Institute of CPAs is asking the Treasury and the IRS for further guidance on the rules for deducting domestic research and development expenses.

If you have business clients who are considering changing their LLCs or C corporations into S corporations, now is a great time to discuss the pitfalls.

The IRS handed out a hefty tax break to large corporations, ensuring that President Trump's lucrative R&D deduction doesn't increase their tax bills.

The Treasury Department released interim guidance on the corporate AMT, further restricting the reach of the 15% tax on billion-dollar corporations.