In November 2013, the Internal Revenue Service issued final regulations on the net investment income tax (NIIT) as well as new proposed regulations. The NIIT is imposed on the net investment income of ...

The U.S. Department of Agriculture’s (USDA’s) Agricultural Marketing Service (AMS) is seeking public comment on draft instructions to validate a refining process under the National Bioengineered Food ...

The Internal Revenue Service has recently released a draft of instructions for Form 706 concerning estates of decedents who died after Dec. 31, 2015. These draft instructions include reminders on ...

Since our last ACA Reporting Update, the extended deadlines to distribute Forms 1095-B and 1095-C to covered individuals and employees and to file the forms with the IRS have passed. The IRS has ...

Draft instructions for Form 6765, "Credit for Increasing Research Activities," a.k.a. the research credit, are available for comment. The Internal Revenue Service is seeking feedback on the draft ...

As the success of any legislation largely depends on the manner in which it is being expressed, legislative drafting is thus an integral part of the legislation itself. The role legislation plays in ...

The IRS last Friday posted a revised draft version of the 2022 Partnership Instructions for Schedule K-2 and K-3 (Form 1065) and, on Monday, it posted a similar revised version of the 2022 S ...

The ATO’s new draft instructions put AI accountability firmly on public servants -- and offer a preview of what’s to come ...