Accounting Today | IRS and Treasury Propose Guidance on CAMT

Do what Treasury said, not what it says it meant. Our Federal Tax Group explains why the circuit court affirmed one Tax Court decision and reversed another in the name of consistency – and why it means regulation preambles are more important than ever.

Brian Harvel is quoted on a rule proposed by the Internal Revenue Service on the taxation of transactions involving foreign trusts and gifts.

The Office of Management and Budget may throw a wrench into how IRS and Treasury regulations are treated. Our Federal Tax Group outlines why slowing down the regulation process may be the least of taxpayers’ worries.