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IRS releases guidance on passenger automobile depreciation

IRS releases guidance on passenger automobile depreciation

Rev. Proc. 2018-25 provides guidance and tables to assist in determining depreciation for passenger automobiles after tax law changes.

  • Christian Wood, Lori Anne Johnston
  • |
  • April 19, 2018
U.S. Supreme Court hears arguments on Quill challenge

U.S. Supreme Court hears arguments on Quill challenge

U.S. Supreme Court hears oral arguments on challenge to Quill’s sales tax physical presence nexus standard; decision expected in June.

  • Brian Kirkell, Mo Bell-Jacobs
  • |
  • April 19, 2018
IRS blended tax rate guidance for fiscal year-end corporations

IRS blended tax rate guidance for fiscal year-end corporations

Corporations calculating blended rate federal income tax liability for an affected fiscal year can refer to Notice 2018-38.

  • Stefan Gottschalk, Erika  Jerwick
  • |
  • April 18, 2018
FFI Certification deadline extended; new CRS Self-Certification Form

FFI Certification deadline extended; new CRS Self-Certification Form

Taxpayers and practitioners should note several new developments with respect to CRS as they ready for the FATCA/CRS reporting season.

  • Aureon Herron-Hinds, Kyle Brown
  • |
  • April 17, 2018
Understanding the benefits of Opportunity Zones

Understanding the benefits of Opportunity Zones

The TCJA established Opportunity Zones for taxpayers to invest proceeds from property sales in a fund to defer capital gains tax.

  • Ron DeGrandis
  • |
  • April 17, 2018
Virginia provides income tax benefits for expanding businesses

Virginia provides income tax benefits for expanding businesses

Eligible businesses may subtract certain property, payroll and sales from apportionment factors to reduce state taxable income.

  • Steve Arluna, Rob Calafell, Matt Arnold
  • |
  • April 16, 2018
IRS releases transitional guidance on advance payments

IRS releases transitional guidance on advance payments

Notice 2018-35 lets taxpayers follow Rev. Proc. 2004-34 until new regulations are issued to implement section 451(c) rules.

  • Christian Wood, John Charin
  • |
  • April 13, 2018
The IRS reminds taxpayers who own foreign assets about key deadlines

The IRS reminds taxpayers who own foreign assets about key deadlines

Taxpayers with foreign income face complex filing requirements and IRS reminds filers of certain pitfalls they should avoid.

  • Ramon Camacho, John Deininger, Alina Solodchikova
  • |
  • April 13, 2018

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