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The IRS is stepping up reinforcement on cryptocurrency transactions. Facebook Cryptocurrency and the libra announcement is discussed.

The last quarter of the year brings heightened focus for public companies. Learn how to stay ahead of end-of-year tax provision reporting—and the new meals and entertainment deduction rules—in this roundup of key takeaways from the new tax law.

With the occurrence of a natural disaster, Private foundations may wish to grant to funds for relief of affected individuals. These grants are allowed as long as certain requirements are met.

To assist in Hurricane Harvey and Hurricane Irma relief, the IRS extended tax return filing deadlines. The IRS automatically identifies taxpayers located in the covered disaster area and applies automatic filing and payment relief. Are you in a disaster covered area?

As states attempt to expand the definition of nexus for income and sales tax purposes, state law provisions have been enacted as well as ongoing attempts by Congress to codify the nexus standard at the federal level. Here is a summary.

Businesses engaged in multistate operations must have a clear understanding of nexus rules regarding the imposition of taxes by state governments and related collection obligations. Here are 5 basic nexus concepts that every business should keep in mind.

Once the immediate aftermath of Hurricane Harvey passes, many taxpayers will be left with questions as to how their tax situations will be impacted. In the aftermath of Hurricane Harvey, the IRS announced extended deadlines to affected taxpayers.

The IRS has announced that it will amend the IRC Sec. 871(m) 'dividend equivalent' final regulations to delay the effective date of certain of its provisions. Specifically regarding the extended phase-in implementation, Notice 2017-42 notes the following.

This issue also contains summaries and links to suggested reading on nexus and state tax: No Regulation without Representation Acts, MTC Guidelines to Know and Love, Ohio and Washington Expanding Nexus and The Nexus Question Everyone Asks.

The New York State Department of Taxation and Finance provides two state income tax credits for 'qualified emerging technology companies' (QETCs): the QETC Employment Credit and the QETC Capital Tax Credit.

It is prudent that businesses know the effects of lowered future federal corporate income tax rates and adopt all or some of the following strategies to put themselves in position to respond to reform at every stage.

The new tax proposal would have the courts decide all relevant questions of law made by agencies. The repeal of Chevron deference would significantly shift the authority on tax (and other regulatory) matters from government agencies to the courts.

President Trump’s tax proposal provided key principles that the Administration plans to work with Congress to enact, including lowering the corporate tax rate, establishing a territorial tax system and creating an opportunity to repatriate money.

At this time of the year, Americans are focused on taxes. So, it is appropriate to consider what the inherent risk is of IRS audit. The IRS issues an annual Data Book (Publication 55B) that can provide insight. Here are some highlights.

Starting January 2018 the IRS announced that Model 1 foreign financial institutions must also provide the Taxpayer Identification Numbers of U.S. account holders as part of their IDES data submissions. This additional requirement may prove onerous.

Welcome to our inaugural newsletter for tax professionals and business leaders. EisnerAmper’s Business Tax Quarterly offers news and views on various topics throughout the year. And watch for our Tax Alerts that cover “breaking news.”

With the unanticipated withdrawal of health care legislation and what appears to be the demise of that legislation, public attention is now focused on major tax reform. There are so many unknowns which will impact the road to tax law change.

Income tax and long-term capital gains. Examples of statutory provisions converting long-term capital gains into ordinary income. Section of the Internal Revenue Code that causes gains to be re-characterized as ordinary income subject to a significantly higher federal income tax rate.

Closely held businesses need to be aware of the valuation requirements related to stock and appreciation right grants under section 409A to avoid the extremely harsh tax consequences imposed on the employee for failure to comply with these rules.

Internal Revenue Code Section 831(b) and Small Captive Insurance Companies a must do or an IRS target? Establishing a small captive insurance company may be appropriate but it requires careful analysis before implementation. What is captive insurance and what are the potential benefits and risks?