Mark Luscombe, JD, LLM, a CPA and attorney, is the principal federal tax analyst for the company and is a key member of the CCH Tax Legislation team tracking and analyzing legislation before Congress. Luscombe is the current chair of the Important Developments Subcommittee of the Partnership Committee of the American Bar Association Tax Section and regularly speaks on a wide range of tax topics. In addition, Luscombe co-authors a biweekly tax strategies column for the respected professional publication Accounting Today and authors a monthly tax trends column for TAXES magazine. Prior to joining CCH, he was in private practice for almost 20 years with several Chicago-area law firms where he specialized in taxation.Luscombe offers a thorough understanding and analysis of federal tax, its application and its impact on both the individual and corporate taxpayer.
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So far, around 150 federal disaster declarations have already been announced for 2024, involving 44 states, two territories, and half a dozen Native American tribes or bands.
October 18
Wolters Kluwer Tax & Accounting -
2024 has so far not produced significant tax legislation impacting year-end tax planning, but it continues to be impacted by legislation from prior years,
September 26Wolters Kluwer Tax & Accounting -
The IRS started processing claims received prior Sept. 14, 2023, and has an inventory of 1.4 million ERC claims totaling more than $86 billion.
August 7Wolters Kluwer Tax & Accounting -
A recent Supreme Court case held that the Code Sec. 965 mandatory repatriation tax was constitutional, but the majority opinion avoided the principal issue presented to the court.
August 1Wolters Kluwer Tax & Accounting -
The Tax Court approach in a recent case may produce a split among the circuit courts, and the Supreme Court may take a case to resolve the split.
June 13Wolters Kluwer Tax & Accounting -
Overall, a better experience, but there were still some bumps on the road to April 18.
May 9Wolters Kluwer Tax & Accounting -
The situation in the long term still looks favorable for the IRS: It now has specific authority to attack syndicated conservation easements that are too abusive.
April 23Wolters Kluwer Tax & Accounting -
Both Donald Trump and Joe Biden have begun laying out their visions for the Tax Code.
March 25Wolters Kluwer Tax & Accounting -
While passage in the Senate is uncertain, many of the changes could impact 2023 tax returns.
February 13Wolters Kluwer Tax & Accounting -
As the Internal Revenue Service develops guidance to implement these statutory requirements, it is finding it necessary to make some compromises.
January 25Wolters Kluwer Tax & Accounting
