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IRS Releases 2014 Data Book

On March 24, the IRS released its annual data book to the public. The report covers reporting data from October 1, 2013 to September 30, 2014. The book covers information about returns filed, taxes collected, enforcement and the IRS budget. Trends highlighted in the book illustrate the increased use of online resources by taxpayers and…

LB&I Issues Directive to Provide Examples of Non-MPGE Activities

The IRS recently published an LB&I directive clarifying its position on the activities that meet the definition of “manufactured, produced, grown, or extracted” (MPGE) under Treas. Reg. § 1.199-3(e) for the § 199 Domestic Production Deduction. The directive, published as a memorandum to LB&I employees, is not an official pronouncement of law and cannot be…

Tax Summary from the Hill: week ending 3/27/2015

Before Congress adjourned on Friday, March 27 for its two-week Easter recess, both the House and Senate passed their respective Fiscal Year (FY) 2016 budget resolutions. The budget resolution is considered a blueprint for Congress’ spending priorities for the coming fiscal year. By law, Congress must pass and agree on a budget resolution by April…

Senate Reintroduces Marketplace Fairness Act

On March 10, the Senate introduced the Marketplace Fairness Act of 2015, which seeks to collect taxes on remote sales. The Act, a reintroduction of the 2013 Marketplace Fairness Act, which failed in the House of Representatives, permits states to require vendors with more than $1 million in annual gross receipts from remotes sales to…
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aNlogo-footer3@2x

Washington D.C.
Willard Office Building, Suite 300 1455 Pennsylvania Ave.
Washington, D.C. 20004
202.888.7006

© 2024 alliantNational. - All Rights Reserved.

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