Tax & Accounting Blog
Tax & Accounting Blog
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More Texas taxpayers are eligible for tax relief after their counties were named disaster areas. The disaster declaration was issued for flooding and severe weather…
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International taxpayers will spend additional time on tax compliance with new forms for GILTI and FDII in 2018. Draft forms to meet filing requirements under…
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Utah voters voted yes to legalize the medical use of marijuana in the election on November 6, 2018. Under Proposition 2, medical marijuana would be…
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Oregon has issued guidance regarding inclusion of accumulated deferred foreign income under IRC Sec. 965 in the sales factor. Oregon will exclude the amounts from…
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A compact between Oklahoma and the Citizen Potawatomi Nation (CPN) allows CPN alcohol sales and requires sales tax collection on the sales. The compact took…
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Individual taxpayers and small businesses may qualify for forgiveness of penalties and interest on overdue taxes with New Mexico’s Fresh Start Program. Taxpayers must enroll…
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For corporate and personal income tax purposes, the California Employment Development Department (EDD) is extending deadlines for employers in: – Butte County directly affected by…
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The Court of Appeals for the Federal Circuit has held that a car manufacturer and its wholly owned foreign sales corporation (FSC) were not the…
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The IRS is proposing to amend hardship distribution regulations to reflect changes in the law. In particular, the proposed regulations would reflect changes in the…
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During the week of November 5, President Donald Trump and House Ways and Means Committee Chairman Kevin Brady, R-Tex., issued a joint statement in connection…
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