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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.

Today, March 13, 2020, President Trump declared a national emergency under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the coronavirus.

The Tax Court has held in Scheiber v. Commissioner (T.C. Memo 2017-32) that an individual's interest in a pension plan was not an asset for purposes of determining the extent of his insolvency under Section 108(d).

We thank one of our clients for bringing this case to our attention. In "Judith Lang v. Commissioner (December 10, 2010)", a mother paid medical expenses that had been incurred by her adult daughter.

On July 27, 2022, Senator Joe Manchin (D-WV) and Senate Majority Leader Charles E. Schumer (D-NY) announced a last-minute deal—the Inflation Reduction Act of 2022...

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

Desperate for an accomplishment in this first year of Republican control of the federal government, the Trump administration is floating two ideas that seem on their faces to be non-starters.

As discussed in a prior "Did You Know," pre-closing income tax liabilities have historically not been much concern for the buyer of LLC interests, since the income of LLCs (taxed as partnerships) is not a liability of the target company but its selling partners.

On July 29, the District of Columbia's Office of Tax and Revenue ("OTR") announced that it will launch a tax amnesty program that will run from August 2 through September 30, 2010.

Withholding tax rules in which the former spouse receiving the alimony payments is a non-U.S. person and the payor spouse is a U.S. person have been affected.

If you're thinking about divorce, saving taxes are probably the least of your concerns. However, addressing the tax implications of dividing property and structuring alimony ...

Many wealthy individuals are asking that question out of fear that the historically high estate/gift tax exemption of $11,580,000 ($23,160,000 for a married couple),...

The IRS issued Rev. Proc. 2013-12 in 2013 to provide updated guidance on the voluntary correction program for employee retirement plans, referred to as the Employee Plans Compliance Resolution System (EPCRS).

Massachusetts taxpayers should keep an eye on two developments. First, a proposed constitutional amendment will be on the ballot in 2018.

On August 8, 2020, President Trump issued a memorandum with the stated purpose of providing "further temporary relief …

The Taxpayer Certainty and Disaster Tax Relief Act of 2019 (the "Relief Act") has retroactively repealed a provision known as the "parking lot tax."