Tax Law Insights
08.29.2019 | by:
Erik P. Doerring
The Fixing America’s Surface Transportation (FAST) Act, signed into law December 4, 2015, created new Internal Revenue Code § 7345 which requires the IRS to…
08.26.2019 | by:
Christian W. Borek
Section 461(l) of the Internal Revenue Code (“IRC” or “Code”) provides that a taxpayer other than a C corporation is not allowed to deduct “excess…
08.22.2019 | by:
Jeffrey T. Allen
Spouses who file a joint income tax return are both jointly and severally liable for the taxes associated with the return, both federally and at…
08.19.2019 | by:
Erik P. Doerring
President Trump signed the “Taxpayer First Act”, H.R. 3151, into law on July 1, 2019. The Taxpayer First Act may be one of the most…
08.5.2019 | by:
J. Allen Sullivan Jr.
Christian W. Borek
The IRS issued guidance in 2014, through Notice 2014-21, on how to report income from virtual or “crypto” currency transactions. The IRS has since developed…
07.29.2019 | by:
Erik P. Doerring
With the adoption by Congress of the 2018 Farm Bill, which decriminalized the cultivation and growing of industrial hemp and related products, states now, including…
07.24.2019 | by:
Jonathan H. Nason
On July 17, 2019, the Internal Revenue Service (the “IRS”) released Notice 2019-45 which expands the list of permissible preventive care benefits for high deductible…
07.11.2019 | by:
C. Logan Hinkle
On June 13, the Departments of Labor, Treasury and Health and Human Services jointly released final regulations dealing with health reimbursement accounts (“HRAs”). These regulations…
07.8.2019 | by:
Debra Lee Mackey
Insurance carriers and employer sponsors of health plans were not exactly thrilled with the passage of the Affordable Care Act in 2010. You might say,…
07.1.2019 | by:
Erik P. Doerring
Under the 2017 Tax Cuts and Jobs Act, Congress enacted the new Section 199A 20% profit deduction for owners of pass-through businesses, and which include…
