Treasury Department

In This Week’s Tax News – 18.03.02

Topics: Congress, IRS, Regulation, Tax reform, Treasury Department

By Chris Morton, Armstrong Robinson, David Hollingsworth, and Jason Martinez Friday, 2 March 2018 This week David Kautter, the acting IRS Commissioner and Assistant Secretary for Tax Policy at the Treasury Department, said tax rules for pass-throughs might not be ready until early fall. He did say an initial notice could be released earlier that…

In This Week’s Tax News – 18.02.16

Topics: Congress, IRS, Regulation, Tax reform, Treasury Department

By Chris Morton, Armstrong Robinson, David Hollingsworth, and Jason Martinez Friday, 16 February 2018 Washington has produced three significant tax laws in the last sixty days (TCJA, ACA Tax Delay, Extenders/Orphans). The outlook for additional tax legislation this year is not clear, but even the congressional tax writers would not have predicted this pace at…

Proposed IRC §2704 Valuation Rules for Family Entities Included in Treasury’s Review of Regs that May Impose Undue Taxpayer Burden

Topics: Regulation, Treasury Department

Presidential Executive Order 13789 instructs the Treasury Department to identify significant tax regulations that (i) may impose an undue financial burden on U.S. taxpayers; (ii) add undue complexity to federal tax laws; or (iii) exceed the IRS’s statutory authority. Notice 2017-38 has identified eight such regulations for review, including the proposed regulations under IRC §2704,…

Hot Off the Press- Proposed Regulations on Basis Consistency and Information Reporting for Estate Fiduciaries – New Rules, New Headaches.

Topics: Fiduciary, IRS, Regulation, Treasury Department

The WRMarketplace is created exclusively for AALU members by the AALU staff and Greenberg Traurig, one of the nation’s leading tax and wealth management law firms. The WRMarketplace provides deep insight into trends and events impacting the use of life insurance products, including key take-aways, for AALU members, clients and advisors. The AALU WRNewswire and…