McDermott Will & Emery
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Tax Court Zooms into Remote Proceedings
By Kevin Spencer and McDermott Will & Emery on Jun 2, 2020
Posted In Court Procedure Matters, Trial Courts
On May 29, 2020, the US Tax Court (Tax Court) announced that to accommodate continuing uncertainties relating to the COVID-19 pandemic, and until further notice, all court proceedings would be conducted remotely. The Tax Court also issued Administrative Order 2020-02 regarding the conduct of remote proceedings and Administrative Order 2020-03 regarding limited entries of appearance. The Orders are effective until terminated...
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Weekly IRS Roundup May 25 – May 29, 2020
By McDermott Will & Emery on Jun 1, 2020
Posted In IRS Guidance, Tax Reform
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 25 – May 29, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. May 26, 2020: The IRS and United States Department of the Treasury issued proposed regulations to...
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Andy Keyso To Head IRS Appeals
By Kevin Spencer and McDermott Will & Emery on May 21, 2020
Posted In Appellate Courts, IRS Appeals, IRS Guidance, Uncategorized
On May 20, 2020, the Internal Revenue Service (IRS) announced that Andy Keyso has been named Chief of the IRS Independent Office of Appeals. He replaces Donna Hansberry, who retired in December 2019. Mr. Keyso is a long time veteran of the IRS, with more than 25 years of service. During his career, he has...
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Weekly IRS Roundup May 11 – May 15, 2020
By McDermott Will & Emery on May 18, 2020
Posted In IRS Guidance, Uncategorized
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 11 – May 15, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. May 12, 2020: The IRS issued proposed regulations concerning the application of IRC...
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Weekly IRS Roundup May 4 – May 8, 2020
By McDermott Will & Emery on May 11, 2020
Posted In IRS Guidance, Uncategorized
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of May 4 – May 8, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. May 7, 2020: The IRS issued proposed regulations that provide guidance for estates...
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IRS Appeals Large Case Pilot Program Ends
By Kevin Spencer and McDermott Will & Emery on May 6, 2020
Posted In IRS Appeals, IRS Guidance, Uncategorized
More than three years ago, the Internal Revenue Service (IRS) revised the Internal Revenue Manual to provide IRS Appeals Division (Appeals) with discretion to invite representatives from the IRS Examination Division (Exam) and IRS Office of Chief Counsel (Counsel) to the Appeals conference. The IRS also started a three-year initiative for taxpayers under the Large...
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Weekly IRS Roundup April 27 – May 1, 2020
By McDermott Will & Emery on May 5, 2020
Posted In IRS Guidance, Tax Refunds, Uncategorized
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 27 – May 1, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 28, 2020: The IRS published Large Business and International (LB&I) Process Unit...
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Thank You to Our Readers
By McDermott Will & Emery on Apr 30, 2020
Posted In Uncategorized
We greatly appreciate our readers over the past year and are pleased to share that we were recently recognized as the #1 Firm for tax thought leadership in the 2020 JD Supra Readers’ Choice Awards, which acknowledge top authors and firms for their thought leadership in key topics during all of last year. In addition, partner...
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Weekly IRS Roundup April 20 – April 24, 2020
By McDermott Will & Emery on Apr 27, 2020
Posted In Court Procedure Matters, IRS Guidance, Uncategorized
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 20 – April 24, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 21, 2020: The US Tax Court proposed amendments to its Rules of...
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Weekly IRS Roundup April 13 – April 17, 2020
By McDermott Will & Emery on Apr 21, 2020
Posted In IRS Guidance, Uncategorized
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of April 13 – April 17, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. April 16, 2020: The CARES Act made several modifications to net operating losses...
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