Massachusetts Supreme Judicial Court previously affirmed its decision that held FIET sourcing rule did not violate internal consistency.
This slight reprieve in the upward trend of rates keeps the window open for wealth transfer on a gift tax-efficient basis.
The IRS will process 2016 individual tax returns without health insurance information, but ACA penalties still apply.
The Sixth Circuit disagreed with the IRS using substance over form to recharacterize DISC dividends as excess Roth IRA contributions.
Pennsylvania Department of Revenue issues letter ruling on the taxability of previously nontaxable software support services.
Universal Paid Leave Amendment Act of 2016 provides for one of the most expansive paid employee and family leave protections in the country.
Revised Form 7004 instructions clarifies that a calendar year C corporation is eligible for an automatic six-month extension to Oct. 16.
A joint resolution seeking to revoke the Treasury’s debt documentation rules has been referred to the Committee on Ways and Means.