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The A to Zs of Turning Pro. The letter ‘A’ doesn’t just mean Athlete when you are talking sports. Consider the following.

The A to Zs of Turning Pro. The letter ‘A’ doesn’t just mean Athlete when you are talking sports. Consider the following.

Signed legislation that shifts the burden of income taxes to pass-through entities is Connecticut’s response to federal tax reform and contains a number of provisions intended to respond to the “negative effects” of federal tax reform.

We reported on the IRS Large Business and International division’s first three sets of campaigns under its issue-based audit approach. On May 21, the division announced an additional six campaigns, making a total of 35. They are as follows:

The U.S. Supreme Court ruled against Wayfair, Inc., Overstock.com, Inc. and Newegg, Inc. and this carries ramifications for remote sales amounting to $460B annually. This decision fundamentally redefines nexus. It may have impact far beyond those of e-commerce transactions.

On April 17, 2018, the U.S. Supreme Court heard oral arguments in Wayfair, a much-anticipated case involving South Dakota’s power to impose sales/use tax collection requirements on out-of-state businesses without any physical presence in the state.

New state and local tax items you should be aware of: CT announced a tax amnesty program, NJ Tax Court allows $5.8M corporate tax refund for foreign company, TX announces tax amnesty program and the NJ sales tax rate has changed.

Individuals can mitigate the new $10,000 limit on the deductibility of personal and real estate taxes on their federal returns through a tax credit program provided by the state of Pennsylvania. Here's how.

The new New York State budget bill amends NY’s personal income tax as it relates to part-year residents. The new provision reverses the interpretation of the administrative law judge and the Department may seek to enforce the new provision now.

Oregon has enacted a statewide transit payroll tax. The transit tax requires employers to withhold an additional .001% on wages of Oregon residents and nonresidents who perform services in the state of Oregon. Learn more about Oregon's transit tax changes.

The NJ film tax credit program has been restored - effective as of July 1, 2018. Under this tax credit program, qualified productions can receive a tax credit in an amount equal to 30% of qualified expenditures. To follow is an overview of the requirements.

A recap of the Heckerling 2021 session “Strategic Estate Planning for Another Year of Change” featuring insights from Diana Zeydel of Greenberg Traurig, P.A. and Todd Angkatavanich of Ernst & Young LLP.

A recap of a session at Heckerling 2021 led by Julie Miraglia Kwon of McDermott Will & Emery LLP titled “Beyond the Basics of GST Tax: Queries + Conundrums.”

Employers trying to retain talent have a new opportunity: They are now eligible to make nontaxable payments of up to $5,250 to employees as student loan repayment assistance.

A recap of a session from the Heckerling Institute focused on current developments affecting estate planning.

A recap of a recent session focused on year-end tax planning topics including issues related to retirement plans, tax loss harvesting and charitable contributions.

The Employee Retention Credit could be amended to prevent fraudulent claims. Here’s how. 

September marks the end of the IRS's fiscal year. Learn more about the IRS's FY 2024 priorities, including increased IRS exams, heightened partnership enforcement, a focus on high-end collection cases, plus, the launch of the cost of goods sold compliance campaign and new programs to tackle ineligible Employee Retention Credit claims.

Stay prepared with document retention and find out how keeping the right records can help you avoid costly discrepancies and errors in the future.  

The amended Section 174 eliminates the research and expenditure deduction for businesses. Three bills are looking to change that.