3,726 results found

The IRS has ruled in Rev. Rul. 2012-29 that the loss carryover rules in amended Section 1212(a) apply beginning with any net capital loss recognized in the period that determines a regulated investment company’s (RIC’s) required distribution for calendar year 2011.

The IRS announced Sept. 7 that beginning in 2016, it would no longer accept checks in an amount of $100 million or more, citing an inability to process checks of that size.

The IRS has released an action on decision formally rejecting a 1966 Court of Claims opinion in "IBM v. U.S."

The IRS has ruled in a heavily redacted private letter ruling (PLR 201325007) that licensed fees were not considered royalties for purposes of its worthless stock deduction under Section 165(g)(3).

The Massachusetts Department of Revenue has released its plans for drafting new and amended state tax regulations for 2014.

GLAM 2015-004 states that a general partner of a partnership, or a member-manager of an LLC, may sign a POA for purposes of the TEFRA examination or for other purposes of the partnership.

We argued the case in the Michigan Court of Appeals on September 4, 2014.

On November 14, 2013, the Internal Revenue Service issued final regulations modifying some of the conditions for making mid-year changes to employer matching or nonelective contributions under plans that utilize the nondiscrimination safe harbors under sections 401(k) and/or 401(m) of the Internal Revenue Code.

Representative Mike Kelly has introduced legislation to establish up to 100 maritime prosperity zones across coastal areas, major rivers, and the Great Lakes, offering targeted tax incentives to maritime supply chain companies, workforce training programs, and advanced manufacturing operations. The proposal aligns with the Trump administration's broader initiative to revitalize the domestic maritime industry by layering new maritime designations onto the existing Qualified Opportunity Zones framework.

In response to numerous inquiries for copies of our Transcript of ruling and argument following our August 22, 2013 alert, click here for a copy of the Transcript of the New Jersey Tax Court’s bench ruling that the Division of Taxation may not apply dual nexus standards for Throwout purposes.

In a case of first impression, the Appellate Division held a foreign corporation that regularly and consistently permits one of its employees to telecommute from a New Jersey residence is doing business in New Jersey, is subject to the New Jersey Corporation Business Tax Act, and must file New Jersey Corporation Business Tax returns.

Proposed regulations released concurrently with the temporary regulations provide rules regarding the treatment as U.S. property of property held by a CFC in connection with certain transactions involving partnerships.

The New York State Department of Taxation and Finance has released draft amendments to the Article 9-A corporate franchise tax regulations.

On March 31, 2008, the New York City Department of Finance issued a Statement of Audit Procedure with respect to the tax treatment of repurchase agreements and securities lending transactions for financial service firms regularly engaged in such activities for purposes of the general corporation tax and unrelated business tax.

There were several changes to the income tax—including the reduction in the top corporate tax rate to 21 percent, the reduction in individual income tax rates, including a new top marginal ...

Article from Waller Law.

The New York State Tax Appeals Tribunal reversed the determination of an Administrative Law Judge and held that the issued capital stock of frog design, inc., a California corporation, had a par value of $1 per share.