Tax & Accounting Blog
Tax & Accounting Blog
1827
A federal district court has once again decided that the exemption for minister housing allowance under Code Sec. 107(2) violates the Establishment Clause. The court…
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The IRS has released proposed regulations that would eliminate the signature requirement for making a Code Sec. 754 election (section 754 election). Taxpayers may rely…
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Chairman Mark Walker, R-N.C. of the Republican Study Committee, has introduced tax legislation that would create a new charitable contributions deduction for those who do…
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California Gov. Edmund G. Brown, Jr. has signed legislation that provides individual income tax returns and instructions to require that: taxpayers enter a number on…
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California has announced that the per gallon rate for the International Fuel Tax Agreement (IFTA) and the Interstate User Diesel Fuel Tax (DI) will increase…
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The retroactive revocation of a nonprofit credit counseling corporation’s exempt status restored the corporation to the position it would have been in if it had…
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The IRS has updated its procedures for defined benefit plans changing funding methods and revoking an election related to interest rates. The revised procedures are…
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Sens. Tammy Baldwin, D-Wis., and Cory Booker, D-N.J., have introduced the Stronger Way Bill. This tax reform legislation addresses certain family-focused tax credits. The bill…
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California has broadened its income tax exclusion for student loan debt that is canceled or repaid by the federal government. Between January 1, 2017, and…
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The Tax Court properly assessed transferee tax liabilities against the shareholders of a communications company. The stock sale was properly recast as an asset sale…
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