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February 2019 - The Tax Adviser

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  2. February 2019
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PRACTICE & PROCEDURES

Resolving federal tax liabilities

This article explains debt resolution methods, how tax practitioners can assist taxpayers in the process of resolving a liability, and how taxpayers can administratively appeal adverse IRS collection
determinations.

TAX CLINIC

credits against tax

IRS releases guidance on new paid family and medical leave tax credit

expenses & deductions

Certain moving expenses incurred in 2017 not subject to withholding and employment tax in 2018

IRS to issue proposed regs. on the deductibility of expenses for certain business meals

FOREIGN INCOME & TAXPAYERS

IRS announces changes to Sec. 965 transition tax rules

OECD releases additional guidance on country-by-country reporting and updated exchange relationships

GAINS & LOSSES

Modification of variable prepaid forward contracts triggers gain realization

COLUMNS

NEWS NOTES

Tax rules for the digital economy should be determined globally

2019 pension plan inflation adjustments are released

Personal exemption rules clarified for 2018 tax year health-related provisions

Federal agencies issue proposed rules on health reimbursement arrangements

U.S. corporate shareholders would no longer be subject to income inclusion rules

IRS proposes to remove rules on advance payments and long-term contracts

CASE STUDY

Recognizing when the IRS can reallocate income

TAX TRENDS

Actor’s failure to document financial condition dooms offer in compromise

Economic benefits of life insurance premium payments are not includible in income

INDIVIDUALS

Current Developments in Taxation of Individuals: Part 1

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.

Tax Clinic

Planning for domestication transactions

Planning for new charitable contribution limits

Effect of the new pro rata share rules

Determining when a debt instrument has zero basis

Structuring partnership mergers