Page 9 - Code Sections News Today

IRS Commissioner Charles Rettig, testifying before Congress in April 2021, estimated the gap between taxes owed and taxes collected in the United States to be close to $1 trillion.

On January 4, 2021, the US Treasury Department (Treasury) and the Internal Revenue Service (IRS) published final regulations under Section 1001 of the Internal Revenue Code of 1986 (the...

Donor advised funds ("DAFs") and private charitable foundations have long been used as private charitable endowments by donors...

Taxes and Snowy Weather? How many of you awoke Saturday to find that the winter storm about which we had heard so much during the preceding days had lived up to its...

Mississippi Governor Tate Reeves signed legislation legalizing medical cannabis on February 2, 2022. Known as the “Mississippi Medical Cannabis Act”, the law permits the use of medical...

Mississippi Governor Tate Reeves signed legislation legalizing medical cannabis on February 2, 2022. Known as the Mississippi Medical Cannabis Act, the law permits the use of medical cannabis to treat certain debilitating medical conditions.

On November 22, 2021, the Internal Revenue Service (IRS) published proposed regulations that codify, among other things, an automatic extension of the deadline for furnishing IRS Forms...

In its most recent set of proposed regulations on the Affordable Care Act ("ACA") information reporting issued on November 22, 2021, the IRS included a mixed bag of good news and bad news for employers and other reporting entities.

The Internal Revenue Service recently released final 2021 forms for Affordable Care Act (ACA) reporting under relevant Internal Revenue Code sections – and while not much is changing in...

The Treasury Department’s proposed regulations regarding the income tax treatment of “ineligible plans” of tax-exempt employers under Code Section 457(f), published in June 2016, were...