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HSA Inflation Adjustments Issued for 2013

The IRS issued the inflation-adjusted figures for the annual contribution limitation for HSAs and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans for calendar year 2013.

IRS Finalizes Regulations on Sec. 642(c) Ordering Rules for Estates and Trusts

The IRS issued final regulations requiring that a provision in a trust, will, or local law that specifically indicates the source out of which amounts are to be paid, permanently set aside, or used for a charitable purpose must have an independent economic effect aside from income tax purposes if the allocation is to be respected for federal tax purposes.

Medical Center’s FICA Refund Claim Dismissed as Untimely

The First Circuit dismissed a suit for refund of FICA taxes, upholding a lower court determination that discovery requests were not warranted and that the information sought from the IRS would not have proved that the refund claim, which the IRS claimed it never received, was timely.

TAX PRACTICE MANAGEMENT

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2025 tax software survey

AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.

Tax Clinic

IRS generally eliminates 5% safe harbor for determining beginning of construction for wind and solar projects

IRS proposes using NAICS to determine lines of business for certain fringe benefit exclusions

IRS rules that community trust and affiliated nonprofit corporation can file a single Form 990

Prop. regs. issued on new qualified tips deduction

IRS rules for first time that REIT’s income from markup on electricity from EV charging stations is rents from real property