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The Internal Revenue Service (IRS) and the Treasury Department recently proposed regulations that will affect charitable hospital organizations.

As Benjamin Franklin famously remarked, "nothing is certain except death and taxes." Recently, the U.S. Court of Appeals for the Third Circuit provided more certainty...

Coronaviruses are named for the crown-like spikes on their surface. The combination of the "Two Crowns" - COVID-19 alongside the return of Crown Preference

For the first time, the Internal Revenue Service (IRS) has included certain small captive insurance companies (CICs) in its annual list of "Dirty Dozen Tax Scams."

Bass, Berry & Sims attorney Mike Sontag, Steve Jasper, Sara Morgan and Robert Guth authored an article for Tax Notes State examining Tennessee's recent repeal of the state's so-called...

The Court of Federal Claims ruled Sept. 20 that a structured trust advantaged repackaged securities (STARS) transaction engaged in by BB&T Corporation lacked economic substance, making it the latest such court to strike down the foreign tax credit generator transaction.

Employers throughout the U.S. have been receiving advertisements and direct solicitations from third parties offering attractive tax savings in the form of Employee Retention Credits (ERC).

A concerning bill is pending in the California Senate. SB-972 would require the California State Controller's Office (the Controller) to make taxpayer information publicly available.

The California Office of Tax Appeals recently ruled on a critical question for nonresident investors and private equity structures: how should gains from IRC section 751(a) "hot assets" be sourced when selling partnership interests? The decision directly challenges the California Franchise Tax Board's position that such gains should be treated as deemed asset sales and sourced using the partnership's apportionment factors, potentially reshaping tax obligations for nonresident partners in California-based en

The IRS has ruled that a cash settlement to former shareholders of an acquired company will not be considered a payment.

In a private letter ruling (PLR 201412002), the IRS ruled that certain costs incurred by a corporate taxpayer to settle a lawsuit, including settlement payments and legal fees, were deductible as ordinary and necessary business expenses under Section 162.

The Democratic presidential nominee, Hillary Clinton, responded to the new tax proposals of the Republican nominee, Donald Trump, by updating her own tax platform with changes...

On March 23, the Consolidated Appropriations Act (the "Appropriations Act") was signed into law by President Trump. Included in the Appropriations Act were certain tax law provisions ...

Senate Democrats and Republicans rejected each other’s efforts to advance job creation tax packages in a pair of votes on July 12.

While full details on the integration plan are scant, the proposal is expected to include a deduction for dividends paid, with a nonrefundable withholding tax of 35% on both interest and dividends.

As of recently, the Cook County Use Tax returns are required to be filed for all businesses in Cook County, Illinois, and individuals in Cook County who owe such use tax for purchases made in April 2013 from sellers located outside of Cook County.

This article is the first of our new series regarding common issues and opportunities associated with combined reporting.