On Dec. 17, the Financial Crimes Enforcement Network (FinCEN) issued Notice 2014-1...

On May 25, 2017, Florida Gov. Rick Scott signed legislation adopting the reduction of the state's sales tax on non-residential leases and licenses of real property. The rate is reduced from 6% to 5.8%...

On Sept. 18, 2017, Illinois Gov. Bruce Rauner signed legislation which reinstates the Economic Development for a Growing Economy Tax Credit Program and extends the sunset date to June 30, 2022.

In Notice 2016-79, the IRS issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

The IRS announced the inflation-adjusted amounts for contributions, plan deductibles and out-of-pocket expenses for health savings accounts (HSAs) for 2017.

The IRS on June 16 announced new procedures for obtaining estate tax closing letters.

The government appealed Altera Corp. v. Commissioner, 145 T.C. No. 3 (2015), to the Ninth Circuit Court of Appeals on Feb. 19.

The IRS issued amendments (T.D. 9713) to the regulations under Section 6045A to delay until 2016 the new broker basis and premium reporting requirements that apply to transfers of debt instruments.

The IRS proposed regulations on Jan. 16 that will offer many taxpayers new opportunities to claim R&D tax credits for software that previously would have been excluded under the internal use software rules.

These regulations concern management fee waivers and may significantly affect certain private equity fund arrangements.

The Michigan Department of Treasury recently released guidance acquiescing in its interpretation of the term "materials and supplies"...

On June 28, 2017, the Michigan Supreme Court unanimously held that a charitable institution that imposes certain restrictions or conditions on its beneficiaries may still qualify for a property tax exemption...

On June 28, 2017, New Hampshire Gov. Chris Sununu signed a budget bill which updates the Internal Revenue Code (IRC) conformity date and increases the IRC Section 179 depreciation expense deduction limitation.

On May 24, 2017, the New Jersey Tax Court granted a taxpayer's motion for summary judgment and allowed deductions for royalty payments made by a subsidiary to its parent company.

On June 27, 2017, in a unanimous decision, the Oklahoma Supreme Court reversed the Oklahoma Tax Commission and held that an individual taxpayer could take a capital gain deduction for the proceeds...

On June 27, 2017, in a unanimous decision, the Oklahoma Supreme Court reversed the Oklahoma Tax Commission and held that an individual taxpayer could take a capital gain deduction for the proceeds that he received...

On April 10, 2017, a Tennessee chancery court granted an order arising from a joint motion by the Tennessee Department of Revenue and two parties representing impacted businesses...

The Texas Court of Appeals, Third District recently determined that a taxpayer was not entitled to include labor costs incurred as part of repair work to install automotive parts on customer-owned vehicles...

On July 7, 2017, Washington Gov. Jay Inslee signed legislation that will require remote sellers, marketplace facilitators, and referrers to collect and remit sales or use tax, or alternatively comply with...

The Committee on Ways and Means announced last week that its first hearing of the new year will focus on pro-growth tax policies.