Illinois extends sunset of the Economic Development for a Growing Economy and Angel Investment tax credits for an additional five years.
S corps and partnerships should pay attention to release of a consensus tax reform framework the week of Sept. 25 with possible bad news.
The amount of vacation, sick or personal leave that employees forgo for their employers to make a charitable contribution is not taxable.
The South Dakota Supreme Court rejects a law directly challenging Quill v. North Dakota’s physical presence nexus standard.
Wrongly filed return adequately reported the necessary elements to alert the IRS that the 3-year tax assessment period began.
Passthrough investors whose K-1s come from entities located in covered disaster areas may be afforded tax relief.
The IRS announcement describes relief for taxpayers and return preparers located with in the declared disaster areas.
Employee benefit plans affected by Hurricane Irma may find regulatory relief provided by the IRS, Department of Labor and PBGC.