3,726 results found

As tax reform proposals are considered over the next few months, the concept of a destination based cash flow tax remains in the GOP proposal.

The Treasury Department formally declined a request from a group of Senate Democrats to change the tax rules governing how employees value personal use of employer-provided aircraft, preserving the Standard Industry Fare Level (SIFL) valuation method.

On Sept. 21, the IRS and Treasury issued final regulations under Section 368(a)(1)(F), which are effective for transactions entered into on or after that date.

The Lifetime Learning Credit and Student Loan Interest Deduction survived, for two.

The Department of Treasury has now finalized the regulations on UBIT silos. At the end of 2017, Congress amended the UBIT rules to include new Section 512(a)(6).

The US Treasury Department has released final regulations on tax inversions. Through tax inversions, US companies move their tax address abroad ...

Lately, the media has focused on tax inversions, most recently when Burger King announced that it will purchase Tim Hortons, a Canadian company, but what are they?

The Alabama Accountability Act of 2013 provides state income tax credits to certain donors who make contributions to a qualified scholarship granting organization operating within Alabama...

Tax reform is here! On December 20, 2017, Congress passed the much-anticipated tax reform bill and with President Trump's signature on December 22, 2017, the bill has become law. With minor exceptions, the bill is largely effective January 1, 2018.

Individual and corporate taxpayers that improperly reported personal aircraft use as business use may face increased taxable income and penalties and/or denial of deductions.

This information is necessary when applying the IRS' aircraft valuation formula to compute the value of non-business transportation aboard employer-provided aircraft.

President Obama announced yesterday that he had reached an agreement with congressional Republicans to extend the 2001 and 2003 tax rates for two years, temporarily reduce the estate tax to 35%, and institute a payroll tax holiday by reducing Social Security taxes paid by workers by 2%.

Beginning in 2018 new Section 199A permits the owner of a non-C corporation business to deduct up to 20% of the owner's share of the company's qualified business income (QBI) from taxable income.

On April 14, 2011, the New York Department of Taxation & Finance (the "Department") issued a new policy under which certain limited partners and limited liability company members will be provided relief from per se personal liability as a responsible person under the New York sales and use tax law (the "Tax Law"). TSB-M-11(6)S.

The IRS has published transition relief that extends taxpayers' ability to claim payments for the biodiesel mixture credit and the alternative fuel credit on Form 8849 until July 1, 2013.

IRS Chief Counsel has affirmed the application of the guidance in a 2002 letter ruling (LTR 200236028) regarding the treatment of computer-related costs, both software and hardware (CCA 201549024).

New York State recently issued final corporate franchise tax regulations for sourcing income (the "Regulations"), including specific sourcing rules for service fees paid by passive investment customers ("PICs") to investment managers operating in corporate form.