Tax & Accounting Blog
Tax & Accounting Blog
1827
Tennessee has enacted changes or modifications for global intangible low-taxed income (GILTI) and repatriation income. Excise Tax Subtractions for GILTI and Repatriation Income The new…
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Treasury Secretary Steven Mnuchin and IRS Commissioner Charles “Chuck” Rettig testified on May 15 before a Senate panel regarding: IRS modernization; and the Service’s Fiscal…
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Senate tax writers on Capitol Hill continue to discuss bipartisan retirement savings bills as the House gears up for a vote on a related tax…
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Iowa has enacted legislation: clarifying that the IRC Sec. 199A deduction applies to IRC Sec. 199A(a) and 199A(g), retroactive to January 1, 2019; updating the…
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Iowa tax reform makes changes to sales tax economic nexus and other sales and excise tax rules. Transaction Threshold for Economic Nexus The tax reform…
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IRS Commissioner Charles “Chuck” Rettig has issued a stern warning against employment tax fraud. Rettig, while speaking on Saturday, May 11, at the American Bar…
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The U.S. Supreme Court ruled that states are immune from private suits brought in other states’ courts. In the Franchise Tax Board of California v.…
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The IRS has approved a filing extension for certain federal returns due May 15, 2019, affected by outage of Wolters Kluwer’s Electronic Filing System (ELF)…
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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…
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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…
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