Tax Law

Recent Posts

Sutherland Legal Alert: Bringing Certainty to an Uncertain Tax Position: IRS LB&I Directive Addresses Partial Worthlessness Deductions Claimed by Insurance Companies
Posted on 19 Sep 2012 by Sutherland Asbill & Brennan LLP

By Bill Pauls and Michael Miles, Sutherland Asbill & Brennan LLP On July 30, 2012, the IRS Large Business & International (LB&I) Division issued guidelines intended to reduce the controversy associated with partial worthlessness deductions... Read More

Article on New Sentencing Guidelines on Unclaimed Deductions and Credits
Posted on 31 Dec 2013 by Jack Townsend

I have posted previously on the unclaimed deduction / credit issue and the recent Guidelines resolution of the issue. The 2013 Guidelines provision on this issue is here §2T1.1., Commentary par. 3, here , which provides: 3. Unclaimed Credits,... Read More

Deduct or Capitalize? New Definition for Property Expenditures
Posted on 27 Mar 2012 by Patricia Hughes Mills, J.D., L.L.M.

Temporary Regulations, effective January 1, 2012, provide guidance on IRC Sections 162 and 263(a), address when amounts paid to acquire, produce, or improve tangible property are deductible or capitalizable. The Regulations modify the "general plan... Read More

Sutherland Legal Alert: Bringing Certainty to an Uncertain Tax Position: IRS LB&I Directive Addresses Partial Worthlessness Deductions Claimed by Insurance Companies
Posted on 19 Sep 2012 by Sutherland Asbill & Brennan LLP

By Bill Pauls and Michael Miles, Sutherland Asbill & Brennan LLP On July 30, 2012, the IRS Large Business & International (LB&I) Division issued guidelines intended to reduce the controversy associated with partial worthlessness deductions... Read More

Deduct or Capitalize? New Definition for Property Expenditures
Posted on 27 Mar 2012 by Patricia Hughes Mills, J.D., L.L.M.

Temporary Regulations, effective January 1, 2012, provide guidance on IRC Sections 162 and 263(a), address when amounts paid to acquire, produce, or improve tangible property are deductible or capitalizable. The Regulations modify the "general plan... Read More