JD Supra

Treasury and IRS Release March 2026 Proposed Regulations Under Internal Revenue Code Sections 148 and 150

On March 12, 2026, the Department of Treasury and the IRS released proposed regulations to update and clarify several ...
JD Supra

Internal Revenue Code Section 162(m): Proposed Regulations

On January 14, 2025, the Internal Revenue Service and the US Treasury Department issued proposed regulations under Section 162(m) of the Internal Revenue Code (Code) to implement changes under the ...

Will Big Cannabis Outwit the IRS?

Section 280E of the Internal Revenue Code precludes state-licensed cannabis companies from taking any tax deduction or credit ...
JD Supra

Avoiding IRS Accuracy Penalties for a Substantial Underpayment of Tax

There are over 150 types of penalties in the Internal Revenue Code (IRC). One frequent penalty that the Internal Revenue Service (IRS) asserts is the accuracy penalty under IRC Section 6662. As ...
ABC Columbia

GMC Wednesday Headlines: State Senators Reject New Revenue Bill & Gov. McMaster Declares April As “The Month Of The Military Child”

State Senators rejected a bill that would have conformed with the current internal revenue code which includes “The One Big ...