President Trump Sends Two US Tax Court Nominations to the Senate: Yesterday, President Trump announced that he is nominating Elizabeth A. Copeland and Patrick J. Urda to be judges on the US Tax Court for 15-year terms. Ms. Copeland is a tax litigation partner at Strasburger & Price in San Antonio, TX. Mr. Urda is counsel to the deputy assistant attorney general at the Department of Justice, Tax Division.
IRS Delays Certain Provisions Under Section 871(m): Today, the IRS issued Notice 2017-42, which delays the effective date of certain provisions of regulations under Section 871(m) and extends the phase-in period provided in Notice 2016-76 for other provisions. The additional time will allow dealers, issuers, and other withholding agents to continue to test and develop their withholding and reporting systems.