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The U.S. Department of the Treasury and IRS have issued final regulations allowing the IRS to accept tax payments directly by credit or debit card without requiring third-party payment processors. These regulations, implementing changes under the Taxpayer First Act, create a framework for potentially streamlining how individuals and businesses pay their federal taxes while the IRS seeks to minimize processing fees.

In Announcement 2014-41, the IRS extended to June 30, 2015, the deadline to submit on-cycle applications for opinion and advisory letters for defined benefit mass submitter lead and specimen plans.

The IRS argued that such a restricted consent does not prevent the IRS from making adjustments to tax.

Effective January 1, 2012, the District of Columbia will no longer exempt the income on municipal bonds issued by all municipalities.

Facing large-scale human capital losses in the next few years, the Department of Revenue has joined forces with Bunker Hill Community College ("BHCC") to prepare for the retirement of baby boomers – the so-called "silver tsunami."

Owners of businesses in Louisiana considering a sale or divestiture of their ownership interests or substantially all of the assets of a business entity domiciled...

Bradford Cohen, Sarah Johnson, and Charles Kolstad published "Estate and Tax Guidance for Artists and Collectors" in the Los Angeles Lawyer.

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (the "2010 Tax Relief Act") was enacted today. Among its provisions, the 2010 Tax Relief Act extends a tax benefit whereby gains from the sale of certain qualified small business stock ("QSBS") can qualify for a total exclusion from federal income taxation.

The IRS recently released final regulations (T.D. 9782) under Section 5000C relating to the 2% tax on payments made by the U.S. government to foreign persons pursuant to certain contracts.

For many business owners, tax season can be stressful. These four tips can help you lessen the chances of triggering a tax audit.

In this episode of GeTin' SALTy, host Nikki Dobay is joined by two guests from MultiState Associates — Morgan Scarboro (V.P. of Tax Policy) and Ryan Maness (Director and Tax Counsel)...

In short, there will be no change to the manner in which the compensation of these workers is taxed.

On October 26, 2024, Governor Landry issued a Call to Convene the Legislature of Louisiana into Extraordinary Session (the "Call") to address state tax reform. Specifically...

Provena Covenant Medical Center, located in Urbana, Illinois, had its exemption from property taxes revoked by the Illinois Department of Revenue. Provena's billing and collections efforts, particularly those allegedly used to collect amounts owed by underinsured or uninsured patients, have received considerable media attention.

On December 16, 2014, the Senate passed H.R. 5771, the Tax Increase Prevention Act of 2014, and the President signed the Act into law days after.

Further, the life expectancy rule will apply, without regard to whether distributions, in fact, are made or commenced on a timely basis.

The IRS recently granted additional relief for retirement account owners due to Covid-19. Generally, when a person attains age 72 (previously age 70½) that person is required to begin taking required minimum distributions ...