Tax practice

House Ways and Means Committee members Charles Boustany, R-La., and Richard Neal, D-Mass., have released a bipartisan proposal to create a so-called “innovation box,” a lower tax rate on income derived from intellectual property to encourage more multinational companies to keep intangible assets in the U.S.

In a rebuke to the Treasury and the Internal Revenue Service, the Tax Court has invalidated regulations under Section 482 of the Tax Code that require the sharing of stock-based compensation.

Electronic payments and banking technology provider ACI Worldwide said the Internal Revenue Service has extended its relationship with the company’s OfficialPayments.com online bill payment service portal.

In the first two quarters of 2015, there were 207 sales and use tax rate changes, up from 159 in the first six months of 2014, according to a new report.

UBS AG and a banker-turned-whistleblower were deemed to have too “unclean hands” to bring a malicious prosecution lawsuit against a real-estate developer who had accused them of duping him into filing a false tax return.

Republicans in the U.S. House called for the firing of IRS Commissioner John Koskinen, saying the man brought in to turn around the tax agency has lost their trust.

Additional victims of the early May’s severe storms, tornadoes, straight-line winds and flooding in parts of Texas may qualify for tax relief from the IRS.

Tension between ACA credits and mandates continues after the King decision

The Internal Revenue Service has released final regulations for filing a claim for credit or refund to provide guidance to taxpayers as to the proper place to file a claim for credit or refund.

Stephen A. Whitlock, the director of the Internal Revenue Service’s Whistleblower Office, has been named director of the IRS’s Office of Professional Responsibility, effective Aug. 3, 2015.

Two of our favorite recent tax fraud cases.

Marvel Entertainment Group, the company behind the superhero comic books and hit movies, landed in Tax Court this week, and lost a battle against the Internal Revenue Service.

Hillary Clinton wants to raise capital gains taxes to encourage long-term investment, making it more expensive to sell stocks held for less than six years and adding complexity to the U.S. tax system.

The Internal Revenue Service has been scaling back its activities and using some of its budgeting flexibility to absorb funding cuts, according to a new government report.

Wolters Kluwer Tax & Accounting US has introduced a self-study e-learning program on the Internal Revenue Service’s tangible property repair regulations that comes with continuing professional education credits and a certificate of completion.

What to do when you’re not sure about your clients’ documents

Hedge fund manager Daniel Loeb was singled out for criticism by labor leaders who are urging the U.S. to limit investors’ ability to lower tax obligations through offshore reinsurance ventures.

Highlights of some of our favorite tax-related blogs from the past week.

In a coordinated broadside at the complexity of the tax code for small business owners, both the House and Senate held hearings Wednesday with similar themes.

The Internal Revenue Service’s oversight of the Low-Income Housing Tax Credit program has been “minimal,” according to a new report by the Government Accountability Office.