The Federal Income Tax Committee is responsible for TEI’s educational and advocacy efforts for U.S. federal income tax matters.
TEI Comments on Proposed Research Credit Rules
On March 18, 2014, TEI urged the IRS to withdraw proposed regulations creating an "exception" to the single taxpayer rule under section 41(f)(1) excluding gross receipts received from a controlled foreign corporation for purposes of calculating the traditional incremental research credit.
TEI's comments were prepared under the aegis of its Federal Tax Committee, whose chair is Gary P. Hickman of Oldcastle, Inc. Jeffery P. Rasmussen of the Institute's legal staff coordinated the development of the comments.
TEI Urges Changes to Information Reporting for Large Employers and Insurers Required by the ACA
On November 13, 2013, Tax Executives Institute filed comments with the IRS and Treasury Department urging a number of changes to the proposed regulations under sections 6055 and 6056. The proposed rules implement the employer and insurer information reporting requirements under the Affordable Care Act and are critical in the administration of the individual and company shared responsibility payments.
U.S. FEDERAL TAX COMMITTEE
The Federal Income Tax Committee is responsible for TEI’s educational and advocacy efforts for U.S. federal income tax matters.