Under the Affordable Care Act, insurance companies and employers must pay an annual fee to help fund the Patient-Centered Outcomes Research Institute (PCORI).

The Bipartisan Budget Act of 2013, passed by both houses of Congress and signed into law by the president in late December, raises variable rate premiums by $5 in plan year 2015 and an additional $5 in plan year 2016.

In April 2017, the California Franchise Tax Board issued two Technical Advice Memoranda which clarify certain matters for apportioning taxpayers.

The IRS on Oct. 21 issued final regulations (T.D. 9638) under Section 382, which limits the ability of a company with a net operating loss from using the loss after a change in ownership.

On June 21, 2017, overriding a veto by Governor Paul LePage, Maine enacted legislation that will require certain remote sellers that do not have a physical presence in the state to collect and remit sales...

On May 3, 2017, Montana enacted legislation revising its Multistate Tax Compact (Compact) provisions, as recommended by the Multistate Tax Commission...

On February 24, 2017, the Multistate Tax Commission adopted amendments to its Model General Allocation and Apportionment Regulations.

On May 24, Oklahoma Gov. Mary Fallin signed legislation authorizing and directing the Oklahoma Tax Commission to administer a tax amnesty program, termed a "Voluntary Disclosure Initiative,"...

The Texas Court of Appeals, Fourth District, recently affirmed a District Court decision which determined that a taxpayer was not entitled to include a payment into an asbestos settlement trust fund...

Texas Gov. Greg Abbott signed legislation June 1, 2017 expanding the definition of qualified employment used to determine eligibility for the state sales and use tax exemption for qualifying data center projects.

The Trade Facilitation and Trade Enforcement Act of 2015, signed into law by the president on Feb. 24, increases the minimum penalty under Section 6651(a), for failing to timely file a tax return or pay tax, from $135 to $205.

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House Ways and Means Committee member Vern Buchanan, R-Fla, released H.R. 5076, the "Main Street Fairness Act," which would provide a legislative framework for the business equivalency rate that Grant Thornton LLP has long championed.

Pass-through businesses, which account for more than 80% of U.S. businesses, are at a competitive disadvantage because they pay a higher marginal tax rate on business income than their C corporation competitors.

Had enough of the politics and drama of the presidential election? Don't tune out yet. Grant Thornton LLP has its own spin on he said, she said...

To facilitate the payment of benefits from a defined benefit pension plan partly in the form of an annuity and partly as a single sum, Treasury and the IRS amended the regulations under Section 417(e)...

Over the past two months, the City of Seattle has approved two new taxes.

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.

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 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...