December 21, 2015
Congress approved and President Obama signed the Protecting Americans from Tax Hikes of 2015 Act that makes permanent select provisions that expired at the end of last year, renews a handful of provisions for ...
December 01, 2015
Factors that influence year-end tax planning this year include a concern over whether traditional tax incentives, which expired December 31, 2014, will be retroactively reinstated for 2015. Companies returning to profitability after the economic downturn ...
November 05, 2015
The Bipartisan Budget Act of 2015 replaces the current rules for partnership audits by Internal Revenue Service (IRS). The new rules impose liability resulting from the audit on the partnership unless the partnership makes ...
September 16, 2015
This week, IRS released final and temporary regulations clarifying the application of the arm’s length standard under Sec. 482 of the Internal Revenue Code (Code). The regulations are effective for tax years ...
September 01, 2015
IRS on August 26 released proposed regulations under Sec. 199 addressing a number of key technical issues. IRS also released temporary regulations under Sec. 199 addressing the allocation of W-2 wages in a short tax year ...
August 19, 2015
New City of Chicago Rulings Expand Taxation of Electronic Commerce and Cloud Computing In two recently released rulings, the City of Chicago discussed how the Chicago Lease Transaction Tax and the Chicago ...
August 14, 2015
On July 31, 2015, the President signed into law H.R. 3236, the Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 (the Act). The Act requires, among other things, consistent basis reporting between a ...
August 12, 2015
Taxpayers will soon have a limited time opportunity to participate in tax amnesty programs in a number of states. The amnesty programs allow taxpayers to file and pay taxes related to a number ...
August 10, 2015
In Brief On July 31, President Obama signed a three-month extension of federal highway and transit program authorization, which will allow more time for Congress to continue working on a long-term highway bill that ...
July 31, 2015
Summary On June 30, 2015, Washington State Governor Jay Inslee signed into law Engrossed Substitute Senate Bills (ESSB 6138 and 6057) as a new two-year budget bill. The tax bills in the 2015 3rd Special Session include ...
