Press Room: Tax Releases

Republicans Release Unified Framework for Tax Reform, Open Door to Tax Increase on Wealthy

Read More

Seattle Approves Income Tax on High-Income Individuals and Trusts

Read More

MTC Offers Special Amnesty Program to Online Sellers (Ends October 17, 2017)

Read More

November 17, 2017

House Passes and Senate Finance Committee Advances Landmark Tax Reform Legislation

The House passed its version of the Tax Cuts and Jobs Act on November 16, 2017, along a mostly party-line vote of 227-205, with 13 Republicans voting no along with every Democrat. The Senate Finance Committee  Read More

November 09, 2017

Disaster Assistance: Federal Tax Credits for Employee Retention

Congress recently enacted tax relief measures for businesses affected by Hurricanes Harvey, Irma and Maria. One of these measures, the Disaster Tax Relief and Airport and Airway Extension Act of 2017, provides a new  Read More

November 03, 2017

House Releases Draft Tax Reform Legislation to Overhaul Tax Code

On November 2, 2017, the House Committee on Ways and Means Chairman Kevin Brady (R-Texas) released the latest piece in the tax reform puzzle—a draft bill to overhaul the tax code. The Tax  Read More

October 26, 2017

House Approves Senate Budget, Puts Tax Reform on Fast Track

On October 26, 2017, the House of Representatives approved the budget resolution previously passed by the Senate less than a week before. The House’s slim party-line vote (216-212) on a compromise budget eliminates  Read More

October 20, 2017

Senate Approves Budget Setting Stage for Release of Tax Reform Details

The Senate approved its fiscal year 2018 budget resolution the evening of October 19, 2017 on a largely party-line vote of 51-49, with a vote against from Republican Senator Rand Paul (R-KY). The House of Representatives  Read More

October 06, 2017

South Dakota Sets the Stage for High Court to Address Constitutionality of Remote Sales Tax Laws

On September 14, 2017, the South Dakota Supreme Court decided that Quill Corp v. North Dakota is still the law of the land and struck down the South Dakota economic nexus provision requiring certain remote  Read More

October 06, 2017

California’s Business Asset Test for a Deemed Water’s-Edge Election Includes Goodwill

On September 8, 2017, the Franchise Tax Board (FTB) issued Chief Counsel Ruling 2017-02 (Ruling), which provides that the business-asset test for a deemed water’s-edge election includes goodwill when determining whether a combination  Read More

October 02, 2017

Virginia Offers Tax Amnesty

The Virginia Department of Taxation is currently running a 62-day amnesty program from September 13, 2017 through November 14, 2017. Covered Taxes The amnesty program applies to nearly all taxes administered by the Department of Taxation including,  Read More

September 28, 2017

Republicans Release Unified Framework for Tax Reform, Open Door to Tax Increase on Wealthy

On September 27, 2017, The Trump Administration, House Committee on Ways and Means, and Senate Finance Committee released a nine-page Unified Framework for Fixing Our Broken Tax Code (Unified Framework) that specifies a proposed tax  Read More

September 27, 2017

IRS Offers New Research Credit Safe Harbor to Taxpayers with More Than $10 Million in Assets

The IRS published a Directive that allows taxpayers to certify, under penalties of perjury, that their ASC 730 book research and development (R&D) expense, with certain adjustments, should be respected as Qualified  Read More

  1. 1
  2. 2
  3. 3
  4.  … 
  5. 24
  6. »