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  • Article

    IRS Reiterates Who May Sign Partnership Return

    Section 6063 states that a partnership return must be signed by any one of the partners and that a partner’s signature is prima facie evidence that the partner is authorized to sign the return on behalf of the partnership.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    IRS Releases Final Regulations On Section 83(b) Elections

    The IRS released final regulations (T.D. 9779) eliminating the requirement for an individual to attach a Section 83(b) election to his or her individual income tax return for the year the election is made.
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
Article

IRS Rules That Interest In Money Market Fund Is Cash Item For REIT Asset Test

The IRS has ruled (Rev. Rul. 2012-17) that an investment by a real estate investment trust (REIT) in a money market fund is an investment in "cash or cash items" for purposes of the REIT asset test.
United StatesTax
Grant Thornton LLP
Grant Thornton LLP
  • Article

    IRS Withdraws Proposed Regulations On Relief From Joint And Several Liability And Community Property Rules

    The IRS and the Treasury Department formally withdrew two notices of proposed rulemaking that addressed relief from joint and several tax liability under Internal Revenue...
    United StatesTax
    Liskow
    Liskow
  • Article

    Louisiana Extends Certain Filing And Payment Deadlines Due To Hurricane Francine

    On September 13, 2024, the Louisiana Department of Revenue published Revenue Information Bulletin Number 24-019 granting automatic extensions to eligible individuals and businesses impacted by Hurricane Francine.
    United StatesTax
    Liskow
    Liskow
  • Article

    Massachusetts Income Tax Case Impacts Nonresident Stock Sales

    Phil outlines the Massachusetts Appellate Tax Board's decision in Welch v. Commissioner of Revenue and discusses how it could affect the taxation of income earned by nonresidents of Massachusetts.
    United StatesTax
    Davis, Malm & D'Agostine, P.C.
    Davis, Malm & D'Agostine, P.C.
  • Article

    New Jersey Division Of Taxation Announces Two Voluntary Disclosure Initiatives

    The New Jersey Division of Taxation announced yesterday two voluntary disclosure initiatives that will each run from March 15, 2014, through May 15, 2014.
    United StatesTax
    Day Pitney LLP
    Day Pitney LLP
  • Article

    New Jersey Is GILTI, Again!

    Taxpayers may have celebrated too soon when the New Jersey Division of Taxation announced that it was withdrawing TB-85 and the GDP-based
    United StatesTax
    McDermott Will & Emery
    McDermott Will & Emery
  • Article

    New Jersey Senate Proposes "New Jobs For New Jersey Act" That Provides Tax Credits To Small Private Sector Employers

    On September 20, 2012, a bill (S2211) was introduced that, generally speaking, would make employers with 100 or fewer full-time employees eligible for a tax credit.
    United StatesTax
    Ogletree, Deakins, Nash, Smoak & Stewart
    Ogletree, Deakins, Nash, Smoak & Stewart
  • Article

    North Carolina Enacts Budget Legislation Reducing Income Tax Rates, Providing Sales Tax Exemptions

    During June 2017, the North Carolina legislature passed legislation that included various income tax and sales tax provisions as part of the state budget. Gov. Roy Cooper vetoed the state's budget bill...
    United StatesTax
    Grant Thornton LLP
    Grant Thornton LLP
  • Article

    Pending Legislation Designed To Exempt Broadband Grants From Taxation

    Both houses of Congress have pending bipartisan legislation designed to relieve the federal income tax burden on entities that receive federal broadband grants.
    United StatesTax
    Venable LLP
    Venable LLP
  • Article

    PEO Did Not Sell Help Supply Services

    In a case of first impression, a panel of the Commonwealth Court concluded that a professional employer organization (PEO) did not sell help supply services within the meaning of the Sales and Use Tax.
    United StatesTax
    Cozen O'Connor
    Cozen O'Connor
  • Article

    Self-Storage Facilities Correctly Valued

    In an unreported decision, a panel of the Commonwealth Court concluded that certain self-storage facilities were correctly valued for real estate tax purposes based on the actual financial results from the property, since the trial court had found that the properties were optimally managed and a buyer could not reasonably expect to improve the financial performance.
    United StatesTax
    Cozen O'Connor
    Cozen O'Connor
  • Article

    Senate Passes Tax Reform Bill

    A comparison of the most significant provisions of the House and Senate bills can be found here.
    United StatesTax
    Ropes & Gray LLP
    Ropes & Gray LLP
  • Article

    Supreme Court Holds North Carolina Trust Taxation Law Is Unconstitutional

    On June 21, 2019, the U.S. Supreme Court unanimously held that a state cannot tax trust income solely because the beneficiaries are state residents.
    United StatesTax
    Ropes & Gray LLP
    Ropes & Gray LLP
  • Article

    Tax Alert

    Following the declaration of a national emergency on March 13th, the U.S. Treasury Secretary stated at a press conference on March 17th that individual taxpayers would be permitted to defer tax payments up to $1 million ...
    United StatesTax
    Frankfurt Kurnit Klein & Selz PC
    Frankfurt Kurnit Klein & Selz PC
  • Article

    Temporary Exclusion For 100% Of Gain From Qualified Small Business Stock Extended Through 2013

    On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act of 2013 (the "Act").
    United StatesTax
    Goodwin Procter LLP
    Goodwin Procter LLP
  • Article

    Temporary Regulations May Require "Tax Shelter" Reporting and Investor List Maintenance for Investment Partnerships

    United StatesTax
    McDermott Will & Schulte
    McDermott Will & Schulte
  • Article

    Tennessee Court Of Appeals Holds That In-House Software Exemption Applies To Software Created By Contract Workers From Staff Augmentation Service

    A recent Tennessee Court of Appeals decision may present an opportunity for sales and use tax refunds for tax paid on software developed by contract workers from staff augmentation companies.
    United StatesTax
    Waller Lansden Dortch & Davis
    Waller Lansden Dortch & Davis
  • Article

    Tennessee Legislator Convicted Of Tax Fraud

    On August 8, 2016, Tennessee State Rep. Joseph Armstrong (D-Tenn.) was convicted by a federal district court jury of filing a false federal income tax return, and acquitted of tax evasion and conspiracy.
    United StatesTax
    BakerHostetler
    BakerHostetler
  • Showing 621–640 of 8619 results

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