Tax regulations

The Treasury Department is planning to issue regulations restricting how hedge fund managers can claim a valuable tax break early next year.

The U.S. Treasury Department plans to pare back regulations championed by President Barack Obama that were intended to prevent American companies from moving profits offshore to avoid taxes.

A deadline looms, but questions remain and more guidance is needed.

Companies will commission a cost segregation study, but its analysis never gets implemented on the tax return.

The Internal Revenue Service has issued a second early draft version of the new Schedule 1 for next tax season’s Form 1040 to include a question up top about whether a taxpayer has sold, received, exchanged or acquired cryptocurrencies such as Bitcoin or Ethereum.

Section 1031 exchanges involving related parties present some of the most complex problems in tax law.

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.