Tax & Accounting Blog
Tax & Accounting Blog
1827
Economic nexus laws enacted post-Wayfair targeting remote sellers and marketplace facilitators vary from the laws in the Wayfair case. Some states have followed the standards…
read more
The IRS has issued guidance on treatment of cash distributions made when a former S corporation (now a C corporation) redeems stock during the post-termination…
read more
The IRS has released 2019 maximum vehicle fair market values for use with the vehicle cents-per-mile valuation rule and the fleet-average valuation rule. The IRS…
read more
New York may enact a law requiring it to release state tax returns to Congress. However, New York tax returns could be released only to…
read more
A new IRS safe harbor lets professional sports teams make tax-free trades of player contracts. Rev. Proc. 2019-18 effectively restores some of the rules that…
read more
Bipartisan Senate and House lawmakers are calling for IRS accountability regarding its Free File program amidst controversy currently surrounding the IRS’s partnership with Free File…
read more
Local governments may grant a Maryland property tax credit on the eligible assessment of taxes imposed on qualified opportunity zone business property. What property is…
read more
A real estate developer could not deduct a portion of his S corporation’s losses because there was no debt between the S Corp and the…
read more
Georgia Gov. Brian Kemp has signed legislation enacting sales and use tax economic nexus changes for the state. The Georgia Department of Revenue has issued…
read more
At the Multistate Tax Commission’s (MTC) spring meetings the committees: received a presentation on TCJA changes; decided to continue working on a model Finnigan statute;…
read more