On December 4, 2025, the IRS and the Treasury Department issued Notice 2025-68 Notice of Intent to Issue Regulations with Respect to section 530A Trump accounts (‘Notice’). The Notice: * provides an overview of how Trump accounts will operate; * sets out questions...
With the shutdown entering its fifth week, the U.S. tax industry awaits information relating to recent tax law changes. Concurrently, key events draw closer: the annual IRS efile shutdown, and the commencement of 2026 tax season. Industry awaiting HR1 guidance that is...
The U.S. government shutdown is now into its 16th day, creating confusion and havoc in the U.S. tax community across the globe. The AICPA commented earlier today that fears are growing for the accumulating effects of the shutdown. Last week the AICPA made its second...
Introduction and scope A proposal to add a new way of calculating FIF income was covered in Parts One and Two of this article. To recap, the proposal is that a new method, the RAM, be added to existing methods. The tax implications already characteristic of...
Inland Revenue has issued IS 25/18, addressing situations where receipts from foreign trusts and estates are subject to N.Z. income tax. IS 25/18 replaces IS 19/04, issued in 2019, providing further guidance on transactions with foreign trusts and foreign inheritances...
