Tax regulations

The Trump administration's interim guidance on clean energy tax credits offered some relief to the industry by laying out a manageable path for new projects.

The Institute is asking the Treasury and the Internal Revenue Service to simplify the "determine and document" requirement for taxes charged to CFCs.

The Senate blocked a resolution that would have disapproved of recent guidance from the Treasury Department weakening the corporate alternative minimum tax.

Make sure clients know what the government's share is, before taking gains. Don't overlook opportunity zones.

Proposed regs from IRS finally address the reporting threshold confusion that has plagued tax practitioners since 2021.

The Internal Revenue Service and the Treasury released proposed regulations on the clean fuel production credit under the One Big Beautiful Bill Act.

The Internal Revenue Service posted a fact sheet about its move away from paper checks to electronic payments for taxes and tax refunds.

The Internal Revenue Service and the Treasury released a set of questions and answers on the new deduction for overtime pay under the One Big Beautiful Bill Act.

Notice 2026-13 provides safe harbor explanations that may be used by plan administrators for explaining eligible rollover distributions.

Rev. Proc. 2026-08 updates procedures for exemption from income tax on a group basis for 501(c) organizations that are under the control of a central organization.

Notice 2026-11 from the IRS provides guidance on the permanent 100% additional first-year depreciation deduction provided by the One Big Beautiful Bill Act.

The Treasury and the IRS issued proposed regulations to revise the threshold for when third-party settlement organizations need to perform backup withholding.

The proposed regulations relate to the new deduction for interest paid on vehicle loans incurred after Dec. 31, 2024, to purchase new made-in-America vehicles for personal use.

According to IRS Notice 2026-10, however, some other mileage rates will go down.

The Treasury and the IRS are asking that taxpayers hold off on claims until they clarify the rules.

Comments on the proposed framework are due by March 22.

With no guidance available, tax practitioners and their clients have to figure out how much risk they want to take.

The American Institute of CPAs has sent a letter to the Multistate Tax Commission recommending changes in a proposed approach to sourcing of partnership income.

The IRS and the Treasury are asking for comments on regulations they plan to propose for a new tax credit for donating to organizations that give scholarships.

Staff have begun working through the backlog of correspondence and messages, and are expected to begin reaching out to tax pros and taxpayers soon.