ArticleNew IRS Reporting Roles For Independent ContractorsThe Internal Revenue Service (IRS) has introduced a new form to report compensation paid to nonemployees.United StatesTaxArmstrong Teasdale LLP
ArticleNew Jersey Tax Court Publishes Opinion That Was Affirmed By The Appellate Division, That Dual Nexus Standards Are Inappropriate For ThrowoutOn January 6, 2016, the New Jersey Tax Court approved its January 14, 2014 decision in Lorillard Licensing Company LLC v. Director, Division of Taxation for publication, making the Tax Court decision precedential.United StatesTaxMorrison Foerster
ArticleNew Jersey Tax Court Rules That Intercompany Payments Are Not Taxes For Purposes Of The State Tax AddbackThe Tax Court of New Jersey released its state tax addback decision in Daimler Investments US Corporation v. Director, Division of Taxation on January 31, 2019.United StatesTaxMorrison Foerster
ArticleNew Tax Bill Introduced To Improve IRS And Taxpayer ProtectionsOn March 28, 2019, U.S. Senate Finance Committee Chairman Chuck Grassley (R-IA) and Senator Ron Wyden (D-OR) introduced new tax legislation referred to as the Taxpayer First Act of 2019.United StatesTaxDickinson Wright PLLC
ArticleNew Tax Reporting For Employee Stock Options And Purchase PlansCongress recently passed the Tax Relief and Health Care Act of 2006 amending section 6039 of the Internal Revenue Code. The amendment is effective on January 1, 2007, but the new reports will not be due until 2008.United StatesTaxDorsey & Whitney LLP
ArticleNew York City Tribunal Rejects City's Attempt To Forcibly Combine Bank And Its Mortgage SubsidiaryThe New York City Tax Appeals Tribunal, affirming a determination of an Administrative Law Judge, has held that Astoria Bank, which engaged in a banking business in New York City...United StatesTaxMorrison Foerster
ArticleNext Up: Singapore? Summonses Could Hit More Global Financial InstitutionsA recent summons showdown with UBS shows that DOJ and the IRS are far from done with offshore enforcement efforts, and are expanding those efforts beyond Europe.United StatesTaxDentons
ArticleNinth Circuit Issues Altera Decision, Upholding IRS Regulation On Allocation Of Stock-Based Compensation, Reversing The Tax Court (Again)On June 7, 2019, the Ninth Circuit re-issued a decision in Altera v. Commissioner, upholding an IRS Regulation that had been previously struck down United StatesTaxRopes & Gray LLP
ArticleNon-Grantor Trust Admin Expenses Still Deductible After TCJAThe Tax Cuts & Jobs Act (TCJA) includes Internal Revenue Code Section 67(g) which on its face suspends all miscellaneous itemized deductions for any taxable year...United StatesTaxChamberlain, Hrdlicka, White, Williams & Aughtry
ArticleNot So Fast – Not-For-Profit's Access To Historic Tax Credits In Missouri To Be StrippedA Cole County judge has invalidated Missouri's recent expansion of its Historic Tax Credit (HTC) program, putting key changes implemented by HB 2062...United StatesTaxPolsinelli PC
ArticleNY Legislature Considers Change To Income Tax Status Of QSBSNew York state tax law currently provides that a New York resident person, including a trust, that owns stock that is qualified small business stock (QSBS) under Section 1202 of the Internal Revenue Code...United StatesTaxLoeb & Loeb LLP
ArticleOctober 31st: More Than Just Halloween — Another Washington Tax DeadlineThis is your annual reminder that if you reported under the Service and Other Activities classification or if you have apportionable income or royalty income in Washington State...United StatesTaxBallard Spahr LLP
ArticleOctober 31st: More Than Just Halloween — Important Washington Tax Deadline ApproachingIt's that time of year again for your annual Washington tax reminder: if you report under the Service and Other Activities classification or have apportionable income or royalty...United StatesTaxBallard Spahr LLP
ArticleOne More Tax Filing Is Due Before You Go Trick-or-TreatingIf you reported under the Service and Other Activities classification or if you have royalty income in Washington State, do not forget that the Annual Reconciliation of Apportionable Income is due by Monday, October 31, or you could be facing a 29-percent penalty.United StatesTaxBallard Spahr LLP
ArticleOrdinary And Necessary Business ExpenseDetermining the deductibility of a trade or business expense has consistently remained one of the top ten most litigated issues before the U.S. Tax Courts and is important to businesses of all sizes. United StatesTaxBlue J Legal
ArticlePartnership Audit Guidance Soon?On January 1, 2018 the new partnership audit rules become effective.United StatesTaxDentons
ArticlePartnership Proposed Regulations Re-ReleasedToday, the prior January 2017 partnership audit proposed regulations were re-released.United StatesTaxDentons
ArticlePersonal Planning Strategies (March 2014)Under Proposed changes to New York's Estate, Gift and Generation-Skipping Transfer Tax Rules, There Are Advantages to Making Gifts Before April 1, 2014United StatesTaxProskauer Rose LLP
ArticlePrepare Now For New Filing DeadlineThe IRS has announced a new deadline for W-2 and 1099 filings. It is important to plan now, as the deadline has been moved up. United StatesTaxGoldin Peiser & Peiser, LLP
ArticleProperty Tax Survey Indicates Taxpayers Lack Confidence In Tax SystemWhile paying taxes will certainly never win any popularity contests, most property owners understand the simple fact that local property taxes fund the roads...United StatesTaxFarrell Fritz