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On August 3, 2004, the California Performance Review ("CPR") issued its long awaited report to the public. Among its many recommendations was the creation of a California Tax Commission that would consolidate the functions of California’s three taxing agencies: the Employment Development Department (payroll taxes), the Franchise Tax Board (income taxes), and the Board of Equalization (property, sales and use and miscellaneous taxes).

Carter Ledyard & Milburn LLP’s Tax podcast, hosted by Tax Department Chair Melinda Fellner, brings listeners head-to-head tax discussions with some of the brightest minds in the industry.

The Tax Court held that a partner who received payments for consulting services performed on behalf of the partnership was guaranteed payments under Section 707(c).

The UK government has opened a consultation on draft legislation concerning the taxation of coronavirus business support payments. HMRC want views on the technical effectiveness of the proposed...

Recently, the IRS and the Department of the Treasury issued proposed regulations to curtail perceived abusive tax maneuvers under the partnership tax provisions.

As it has done in past years, the IRS has extended the Affordable Care Act ("ACA") deadline for health plan sponsors to furnish individuals IRS Forms 1095-B ...

On September 2, 2016, faced with a $250 million budget deficit, New Jersey Governor Chris Christie terminated a nearly 40-year-old tax withholding agreement between the Commonwealth of Pennsylvania and the State of New Jersey.

EMI options are intended to help smaller companies with growth potential, and the major tax advantages of EMI have always been no UK income tax at grant and no UK income tax at exercise if the exercise price is set at market value.

The annual deadline for filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts is fast approaching.

In Supreme Linen Services, Inc. v. U.S., 2026 WL 1220078 (S.D. Fla. 2026), an employer sued the federal government after the Internal Revenue Service (IRS) assessed an employer shared responsibility penalty...

On November 15, 2018, FERC issued a Notice of Proposed Rulemaking ("NOPR") addressing the effect of the Tax Cuts and Jobs Act of 2017 ("TCJA") ...

In an unreported opinion, the Commonwealth Court held that a nonprofit corporation with the sole purpose to support the educational mission of a charter school was not entitled to an exemption for real estate that it leased to the school.

On March 27, 2020 the IRS released Notice 2020-20 postponing the April 15, 2020 due date for the filing of a gift tax return and the payment of gift tax or generation-skipping transfer tax

The Tax Cuts and Jobs Act (P.L. 115-97) that President Trump signed into law on December 22, 2017, affects many areas of U.S. domestic and international tax planning.

As previously announced, the Illinois Department of Revenue has begun a new amnesty program, running October 1 through November 15, 2019

The 2017 federal tax reform bill, known as the Tax Cuts and Jobs Act (Act), made a number of significant changes to the law, particularly to the international tax provisions of the Internal Revenue Code (IRC).

A panel of the Commonwealth Court disallowed a claimed business loss of over $21 million on the grounds that a settlement with the Internal Revenue Service regarding the same loss amounted to an admission that the investment was not made with the intention of making a profit.