Overrules commissioner’s tax avoidance arguments for taxpayers that followed letter of the law in claiming the election.
The IRS expands the list of counties in certain states to receive relief in filing certain individual and business tax returns.
Final debt-equity regulations address concerns regarding protecting subchapter S status raised by proposed regulations.
A loss on the sale of equipment used to produce qualifying production property should be allocated to non-DPGR for purposes of the DPAD.
Treasury issues final and temporary section 385 regulations that add documentation rules along with significant exemptions.
Taxpayers affected by Hurricane Matthew may qualify for relief from penalties for late filing 2015 tax returns.
Tax bill will fund transportation projects with gas tax increase, also offering sales tax rate reductions and personal income tax benefits.
Department promulgates economic nexus standard for remote sellers with over $500,000 of sales in the state; registration by March 2017.