
IRS issued proposed PFIC regulations which impact US partners with foreign assets held through US partnerships.

The first payment deadline for deferred payroll taxes is quickly approaching and employers should be prepared to make payments.

The IRS issued Notice 2021-63, clarifying previous guidance pertaining to the deductibility of food and beverages provided by a restaurant.

The IRS has released its annual cost-of-living adjustments for retirement plan limits, effective Jan. 1, 2022.