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IRS Holding Off on Issuing Guidance

By Amanda Wilson on Feb 17, 2017 in IRS, regulations, treasury, Other, International

By: Amanda Wilson In response to President Trump's executive order requiring two regulations to be repealed for every new regulation issued and the regulatory freeze memorandum issued on Inauguration Day, an IRS official has stated that the IRS is...

Do Tax Regs Have an Out From the New 2-1 Rule?

By Amanda Wilson on Feb 10, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson As I previously discussed (here), President Trump issued an Executive Order requiring government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  The initial reaction of this...

Tax Regulations Subject to New 2-1 Rule

By Amanda Wilson on Jan 31, 2017 in audit, IRS, lowndes, Partnership Tax, regulations, taxing times, treasury, International

By:  Amanda Wilson Yesterday, President Trump signed an executive order that requires government agencies to identify two regulations for repeal for every new regulation that they wish to issue.  This order applies to tax regulations (including...

Carried Interests OK Under Management Fee Waiver Regulations

By Amanda Wilson on Sep 21, 2015 in carried interest, code, IRS, regulations, treasury, International

By:  Amanda Wilson Last week, I was at the ABA Tax Section meeting in Chicago.  During one of the partnership panels, Clifford Warren, Special Counsel to the Associate Chief Counsel (Passthroughs and Special Industries) at the IRS, was posed several...