Tax & Accounting Blog
Tax & Accounting Blog
1827
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…
read more
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…
read more
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…
read more
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…
read more
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…
read more
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…
read more
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…
read more
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…
read more
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…
read more
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…
read more