Search Results

Both the Senate and the House’s current versions of The Tax Cut and Jobs Act would have some very unfavorable impacts to certain corporations. Some companies could find themselves paying more taxes from a bill that includes the words tax cut.

Federal funding is available to the state and to eligible local governments and certain private not-for-profit organizations for emergency work in the counties of Butte, Lake, Mendocino, Napa, Nevada, Sonoma, and Yuba.

As comprehensive tax legislation moves forward, budget reconciliation is advertised as the mechanism by which that legislation will be adopted. Will the road to tax reform through reconciliation be more successful than previous attempts?

For U.S.-based multinational corporations, the President’s tax plan presents questions, challenges and opportunities. There is enough between the lines to gauge a theme for reform and for tax practitioners to formulate “intelligent speculation.”

On September 27, the Trump Administration, together with the House Ways and Means Committee and the Senate Finance Committee, released its long awaited 'Unified Framework for Fixing Our Broken Tax Code.' Following are the highlights of the framework.

The Treasury Department released a report on planned upcoming actions that it believes would reduce the burden of eight tax regulations. Here is a summary of the tax regulations being considered for partial revocation.

From a personal tax standpoint, state tax calculations are generally independent from federal ones. Thus, rate reductions and exemption/deduction limits will likely have little direct impact on personal income taxes at the state level.

The Trump Administration released its long-awaited Tax Code. Businesses should plan now to take advantage of accounting methods that accelerate deductions or defer revenue and consider changes that would allow it to arbitrage the tax rates.

In response to the extreme need for relief for victims of Hurricanes and Tropical Storms Harvey and Irma, the IRS has released guidance on the treatment of leave-based donation programs adopted by employers.

The IRS issued a directive to its Large Business & International (“LB&I”) unit regarding the R&D tax credit and what would be considered as acceptable evidence when examining qualified research expenses (“QREs”) to determine the credit.

EisnerAmper has asked thought leaders within our various business tax groups to comment on tax reform as it impacts their particular areas of expertise. Below you’ll find links to three articles addressing specific areas of the framework.

The Treasury announced that it will propose reforms to mitigate the burdens created by 8 specified tax regulations. The eight regulations are as follows.

Under the Bipartisan Budget Act of 2015, all partnerships (including LLPs and LLCs taxed as partnerships) are impacted by new partnership audit rules. Below are key questions to consider as you update your partnership agreement.

The Treasury and IRS issued 277 pages of proposed regulations that implement partnership audit rules contained as part of the Bipartisan Budget Act of 2015 (BBA). They are substantially the same as proposed regulations from January, 2017.

Your odds of a favorable IRS tax outcome are much better when you work with a tax professional to develop an effective plan rather than going it alone. Here are some things to consider when engaging a tax resolution expert.

In its highly anticipated decision in the Grecian Magnesite Mining v. Commissioner case, the Tax Court on July 13, 2017 effectively invalidated IRS Revenue Ruling 91-32.

In Notice 2017-36, the Treasury Department and IRS have announced that they intend to delay the application of the documentation rules by 12 months. These rules will now apply only to interests issued or deemed issued on or after January 1, 2019.

Most CFOs and tax directors are familiar with the concept of nexus in the context of state tax but many people remain confused. In this issue, we take a high-level look at three key areas greatly impacting businesses that have multistate operations.

You can read the one-page summary and a concise summary of the plan, in this article from Bloomberg. In addition, a White House statement from National Economic Council Director Gary Cohn provides additional detail into the elements of the proposal.

Effective tax planning can reduce estate taxes, maximize the amount of funds available for retirement, reduce the cost of financing your children's education and assist you in managing your cash flow to help you meet your financial objectives.