McDermott Will & Emery
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US Tax Court Cancels Remainder of Spring Trial Sessions
By McDermott Will & Emery on Mar 23, 2020
Posted In Court Procedure Matters, Trial Courts, Uncategorized
After cancelling several trial sessions for March 2020 and April 2020, and closing its building until further notice, the US Tax Court (Tax Court) has announced that the remainder of its trial sessions through the end of June 2020 have been cancelled as a result of the coronavirus (COVID-19). The cancelled trial sessions will be...
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Weekly IRS Roundup March 16 – 20, 2020
By McDermott Will & Emery on Mar 23, 2020
Posted In Court Procedure Matters, 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 March 16 – 20, 2020. Additionally, for continuing updates on the tax impact of COVID-19, please visit our resource page here. March 17, 2020: The IRS published Rev. Rul. 2020-9 to provide various prescribed rates...
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US Tax Court Closed Until Further Notice
By McDermott Will & Emery on Mar 19, 2020
Posted In Court Procedure Matters, Uncategorized
At 9:00 PM last night, the US Tax Court (Tax Court) issued a press release announcing that it was closing its building. As we previously discussed, the Tax Court previously closed the building to the public but still allowed the hand-delivery of petitions. Now, all taxpayers must mail petitions to the Tax Court (other documents...
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Tax Court Closes Building and Cancels More Trial Sessions
By McDermott Will & Emery on Mar 16, 2020
Posted In Court Procedure Matters, Trial Courts, Uncategorized
As the fallout from the coronavirus (COVID-19) continues, the US Tax Court (Tax Court) has cancelled additional trial sessions. As we previously discussed, the Tax Court last week cancelled all trial sessions for March 2020. Now, the Tax Court has announced that all trial sessions for April 2020 are also cancelled. Additionally, although the Tax...
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Weekly IRS Roundup March 9 – 13, 2020
By McDermott Will & Emery on Mar 16, 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 March 9 – 13, 2020. March 10, 2020: The IRS published a practice unit on how to compute the alternative minimum foreign tax credit. The public unit includes the framework for computing such alternative minimum...
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Coronavirus (COVID-19) Results in Tax Court Trial Sessions Cancellations
By Kevin Spencer and McDermott Will & Emery on Mar 11, 2020
Posted In Court Procedure Matters, Uncategorized
The coronavirus (COVID-19) has now impacted the operations of the United States Tax Court (Tax Court). This morning, the Tax Court announced that after assessing all relevant factors relating to COVID-19, including travel and public health considerations, the trial sessions for March 16, 2020, March 17, 2020, March 23, 2020, and March 30, 2020, are...
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Weekly IRS Roundup March 2 – 6, 2020
By McDermott Will & Emery on Mar 9, 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 March 2 – 6, 2020. March 2, 2020: The US Treasury Department and the IRS released tax year 2018 statistics to the public, including both individual income tax returns (Form 1040’s) filed through mid-November of...
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New Tax Appointments
By Kevin Spencer and McDermott Will & Emery on Feb 28, 2020
Posted In Trial Courts, Uncategorized
This has been a busy week in the tax appointments world, with the appointment of the new National Taxpayer Advocate (NTA), the reappointment of Chief Judge Foley as Chief Judge of the United States Tax Court (Tax Court), and the confirmation of Travis Greaves to the Tax Court. On February 27, 2020, the Treasury and...
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President Trump Announces Intent to Nominate Two More Tax Court Judges
By Kevin Spencer and McDermott Will & Emery on Nov 7, 2019
Posted In Court Procedure Matters, Trial Courts, Uncategorized
On November 6, 2019, President Trump announced his intent to nominate Ms. Alina Ionescu Marshall and Mr. Christian N. Weiler to serve as Judges on the United States Tax Court (Tax Court). Mr. Travis Greaves was previously approved by the Senate Finance Committee to be a Tax Court Judge and is awaiting confirmation by the...
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IRS Issues Transition Tax Compliance Campaign
By McDermott Will & Emery, Kevin Spencer and McDermott Will & Emery on Nov 6, 2019
Posted In IRS Appeals, IRS Audits, IRS Guidance, Tax Reform, Uncategorized
On November 4, 2019, the Internal Revenue Service (IRS) announced a new Large Business and International (LB&I) compliance campaign regarding Section’s 965 transition tax under the Tax Cuts and Jobs Act (TCJA). This is one of several dozen compliance campaigns that LB&I has announced since the initial 13 campaigns were identified in 2017, and is...
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