Tax & Accounting Blog
Tax & Accounting Blog
1827
Final regulations modify and clarify the treatment of Federal Financial Assistance (FFA) provided to troubled banks and thrift institutions and related parties. The new regulations include…
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President Trump invited bipartisan members of the Senate Finance Committee (SFC) to the White House on October 18 for a meeting on tax reform. Democratic…
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An out-of-state bank had substantial nexus with Washington and was responsible for B&O taxes. The bank conducted two businesses: a general credit card business; and…
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A Connecticut pet product company in Connecticut was liable for Maryland corporate income taxes since the business activities of its employees in Maryland exceeded the…
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The California FTB extended the application dates for its treatment of a water’s-edge election when the expanded “doing business” standards result in a unitary foreign…
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The IRS and Treasury have officially withdrawn the August 2016 proposed special valuation regulations. These rules concern the estate, gift and generation-skipping (GST) treatment of…
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The IRS continues to show improvement in preventing identity theft. In 2016, fewer identity theft returns entered the tax system, fewer fraudulent refunds were issued…
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The Senate voted on October 17 to take up the fiscal year 2018 budget resolution (BR) for debate, which includes reconciliation instructions for tax reform,…
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New Jersey has addressed the tax treatment of deferred compensation received by nonresident hedge fund managers under IRC §457A. Under federal law, hedge fund managers…
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California has announced that taxpayers impacted by recent wildfires will be granted an extension, until January 31, 2018, to: file their 2016 tax returns; and…
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