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The June ruling in South Dakota v. Wayfair, and state tax conformity with the Tax Cuts and Jobs Act, are recent developments that illustrate the complexities of state tax issues. Learn how businesses could be affected by these developments.

In this issue: Private equity firm KKR opts to become C-Corp after U.S. tax reform, GILTI worries for 4 industries and 2018 tax reform impact of the new base erosion provisions on multinational companies.

Thanks to the Tax Cuts and Jobs Act, the choice of entity structure (C corporation, subchapter S, partnership/LLC pass-through) may need review. C corps have now become a much more competitive choice, due to the new, lower corporate tax rate.

EisnerAmper 2018 tax guide assists with the preparation of your 2018 income tax returns and provides tax planning for 2019 and beyond. The Tax Cuts and Jobs Act of 2017 impacts all aspects of the American economy and will impact businesses and individuals alike.

EisnerAmper 2018 tax guide assists with the preparation of your 2017 income tax returns and provides tax planning for 2018 and beyond. The Tax Cuts and Jobs Act of 2017 impacts all aspects of the American economy and will impact businesses and individuals alike.

The IRS released Notice 2018-29 which provides interim guidance on tax withholding on transfers of non-publicly traded partnerships. The IRS suspended the withholding regime under IRC Sec. 1446(f) for publicly traded partnerships.

This concept of an entity being “disregarded” and thereby transparent for tax purposes caught the attention of the IRS, and in December 2016 Treasury regulations were finalized that changed the LLC as a disregarded entity’s reporting requirements.

The Offshore Voluntary Disclosure Program was designed by the IRS for taxpayers with civil and criminal liability for “willful failure” to report foreign financial assets. The IRS has recently announced it is closing OVDP on September 28, 2018.

The IRS issued IR-2018-53, which in question and answer format addresses questions regarding reporting requirements and election procedures under the newly enacted deemed repatriation provision contained in new IRC Sec. 965.

On April 2, 2018, the IRS released additional guidance on IRC Sec. 965, the transition or repatriation tax. The absence of sufficient guidance from the IRS and many state tax authorities has made compliance with this tax provision rather challenging.

IRS has confirmed that fiscal year corporate taxpayers will apply a blended tax rate for fiscal years beginning before January 1, 2018 and ending after December 31, 2017 and not the flat 21% rate that generally applies under the new Tax Cuts.

It’s a great time to be running a middle-market firm in New York City. To gain insight into how leaders at middle-market firms can get in front of these and other developments, Crain’s Custom Studio spoke with a brain trust of experts.

With new tax reform legislation affecting taxpayers across the board, what does this mean to the typical non-U.S. individual who was already new to the U.S. tax system as well as to U.S. citizens and Green Card holders living and working abroad?

Automation is increasingly viewed as an efficient means of accounting for cash flow, repatriation income, and new state tax liabilities. The need for real-time, predictive modeling that automation affords will only grow.

In Alerts from February and December, we reported on the IRS Large Business and International division’s first two sets of campaigns under its new issue-based audit approach. On March 13, LB&I announced five additional compliance campaigns.

The Tax Cuts and Jobs Act has created significant uncertainty regarding withholding on the disposition of interests in partnerships that have U.S. effectively connected income. It has been recommended that there be a delay in withholding.

This issue of Business Tax Quarterly discusses the looming deadline with the 2017 Tax Cuts and Jobs Act, Section 965, which introduced a one-time repatriation tax on specified foreign corporations’ previously untaxed earnings.

Spring 2018 Business Tax Quarterly - recommended business tax related reading on the one-time repatriation tax, the future of automation, artificial intelligence in business and society, blockchain technology, the US tax act, procurement and AI's implementation into the corporate environment.

We address two vital tax matters in this issue: On compliance, the new Section 965 deemed repatriation tax on certain foreign earnings and regarding process, the rise of automated technology and Artificial Intelligence.

The 500 page+ Tax Cuts and Jobs Act has been advertised as the most significant piece of tax legislation since the Tax Reform Act of 1986. Here are highlights of this very important law.