August 2013

August 29, 2013

All Legal Same-Sex Marriages to Be Recognized for Tax Purposes, IRS Says

The IRS announced that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes.

August 29, 2013

IRS Proposes Increased User Fees for Installment Agreements, Offers in Compromise

The IRS issued proposed regulations to raise user fees for installment agreements and for offers in compromise.

August 27, 2013

Final Rules Issued on Individual Health Care Mandate

The IRS released final regulations on the penalty or tax imposed on individual taxpayers who do not obtain minimum essential health care coverage beginning in 2014.

August 26, 2013

Final Regs. Adopt Differential Income Stream Method for Cost-Sharing Agreements

The IRS issued regulations that govern the application of the differential income stream approach to cost-sharing arrangements.

August 23, 2013

Proposed Small Employers’ Health Insurance Premium Tax Credit Rules Issued

The IRS issued proposed regulations governing the Sec. 45R credit for small employers that offer health insurance coverage for employees.

August 21, 2013

Tenth Circuit Throws Out Decision Striking Down Colorado’s Amazon Law

The permanent injunction that a federal district court issued enjoining Colorado from enforcing its Amazon law requiring remote sellers to report sales in the state has been dismissed by an appeals court.

August 19, 2013

Amounts on Late-Filed S Corporation Return Were Not Disclosed on Taxpayer’s Return

For purposes of determining whether there had been a substantial understatement of gross income on a taxpayer’s return, the IRS determined that amounts on a Form 1120S filed after the three-year statute of limitation expired, were not considered to be disclosed on a taxpayer’s Form 1040.

August 19, 2013