The expiring provisions include tax incentives for individuals and businesses, as well as several energy provisions.
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Tax
Congress enacts law allowing HRAs under the Affordable Care Act
The Senate passed the 21st Century Cures Act, which, among other things, permits certain employers to offer health reimbursement arrangements to employees without running afoul of the Patient Protection and Affordable Care Act’s market reform provisions.
Standard mileage rates for 2017 are announced
The IRS issued the 2017 standard mileage rates for determining the deductible costs for operating a vehicle for business, medical, charitable or moving purposes.
Regulations implement new due-diligence requirements for tax return preparers
Recent legislation added these requirements, which previously applied only to the earned income tax credit.
New online tool allows taxpayers to check IRS account information
The IRS has launched an online tool that allows individual taxpayers to get their account balances online, including tax due, penalties, and interest.
Filing considerations for active duty military
Residency and signature authority are key factors.
Line items
Per-diem rates issued for 2016–2017 travel The IRS issued its annual update (Notice 2016-58) of per-diem rates for substantiating certain business expenses taxpayers incur when traveling away from home on or after Oct. 1, 2016. The per-diem rate for the incidental-expenses-only deduction remains unchanged at $5 per day for any
S corporation’s payments on its owner’s behalf are held not to be wages
Despite a lack of promissory notes, interest, or repayment terms, the Tax Court treats an owner’s advances to his business as loans and its payment of his personal expenses as repayments.
Defined benefit plan participants can receive lump sum and annuity under new rules
Bifurcation offers a hedge against outliving retirement benefits.
Short-term rentals, the sharing economy, and tax
Clients renting out their properties need to know a few key rules.
IRS restricts more foreign tax credit splitter arrangements
Forthcoming rules will target separation of related income from foreign-initiated tax adjustments.
Business tax quick guide—tax year 2016
Print out this quick guide PDF for use during tax season, and look for our quick guide for individual taxpayers in the January 2017 issue.
Forfeited deposits are ordinary income
Income from forfeited deposits of terminated contracts related to Sec. 1231 property is not eligible for capital gain treatment under Sec. 1234A.
Telling the not-for-profit story through Form 990
Form 990, which is publicly available, provides an opportunity to attract donors and appeal to other stakeholders by compellingly describing an organization’s purpose and accomplishments.
IRS announces start of e-Services re-registration
As part of its latest efforts to prevent cybercrime, the IRS said it will begin sending letters to currently registered e-Services users asking them to re-register within 30 days of the date of the letter or risk being shut out of the system.
IRS extends due dates for PPACA forms and penalty relief
In response to concerns from employers, insurers, and other providers of minimum essential coverage, the IRS announced that it is extending the due dates for certain health care forms required under the Patient Protection and Affordable Care Act.
No delays anticipated in 2017 tax filing season, IRS commissioner says
IRS Commissioner John Koskinen reassured tax practitioners attending the AICPA’s National Tax Conference that the 2017 tax filing season should start on time.
Final rules remove 3-year nonpayment testing period for COD reporting
The IRS finalized a proposed rule eliminating the three-year testing period for determining when debt was discharged for cancellation of debt information reporting purposes.
What you need to know to bring a nonfiler back into compliance
It can take months to get a nonfiler back into compliance with the IRS.
IRS warns tax professionals of another email phishing scam
The IRS issued an “urgent alert” to tax practitioners who use IRS e-services to beware of a fraudulent email asking them to update their accounts and directing them to a fake website.
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From The Tax Adviser
March 31, 2026
Current developments in taxation of individuals: Part 1
March 31, 2026
Current Developments in Taxation of Individuals: Part 1
March 6, 2026
