Tax & Accounting Blog
Tax & Accounting Blog
The IRS is increasing it enforcement actions for syndicated conservation easement transactions. This includes more coordinated examinations across IRS divisions, as well as more criminal…
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Pennsylvania’s net loss carryover (NLC) flat deduction cap was severed from the Pennsylvania tax code for 2001 and 2006. There were two separate cases brought…
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The IRS has released the final version of the 2020 Form W-4, Employee’s Withholding Allowance Certificate. The final version is little changed from a second…
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Effective for tax years beginning after 2019, a corporation must use market-based sourcing rules to: apportion income from sales to North Carolina and other states…
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A fractured Tax Court rejected another constitutional challenge to the law that bars expense deductions for legal marijuana businesses. However, two judges embraced the taxpayer’s…
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President Donald Trump on December 20 signed a bipartisan, year-end government spending and tax package just hours before federal funding was set to expire. Trump’s signature…
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Recently, Congress enacted legislation that formally requires the IRS to maintain its Office of Appeals (Taxpayer First Act (P.L. 116-25, July 1, 2019). In addition…
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Since President Trump announced that he had changed his residence to Florida, there has been increased interest in the idea of switching from a high-tax…
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What is the current state of cannabis taxation in California? State cannabis taxes contribute to California’s economy, the 5th largest in the world. So how…
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IRS efforts to crack down on micro-captive insurance schemes continue after some wins in the U.S. Tax Court. The IRS also recently made a limited…
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