Ideas & Insights

The previous June 30 deadline to carryback 2018 NOLs on Form 1139 and Form 1045 has been extended to July 15.

Mississippi will require marketplace facilitators to register to collect and remit sales and use taxes beginning July 1, 2020.

The state will decouple from the taxpayer-friendly interest expense and net operating loss provisions of the federal CARES Act.

The Sixth Circuit held that the DOJ should have been permitted to provide evidence regarding a taxpayer’s historic R&D credit information.

Due to the COVID-19 pandemic and economic crisis, the IRS will permit employers to adopt midyear amendments to plan contribution formulas.

Expansive tax bill provides taxpayer-friendly changes while balancing reduced tax revenue in the COVID-19 economy.

Fiscal year 2021 budget includes temporary tax changes in order to generate much needed revenue in the COVID-19 economy.

New York enacts legislation further decoupling New York City corporate and UBT taxes from certain CARES Act provisions.

Notice 2020-51 affords welcome additional flexibility for individuals to deal with required minimum distributions they took in 2020.

TTB FAQs allowing for the destruction of beer off brewery premises and waiver of notice of intent to destroy were extended through Sept. 1.

Refundable credit receives taxpayer-friendly updates, including increased availability and extended application deadline and sunset dates.

Recently issued final section 199A regulations clarify the treatment of suspended losses and provide guidance on certain RIC dividends.

The proposal concerns ERISA plans that make investment decisions based on environmental, social and corporate governance (ESG) factors.

SBA / Treasury release additional changes to Interim Final Rules that further clarify loan forgiveness process.

Delaware notices advise businesses to either participate in the state’s unclaimed property VDA Program or be subject to an audit.

The TTB now allows tobacco proprietors to file their special occupation tax online via the agency’s Permit Online program.

The IRS extended the second quarter filing and payment deadline for federal sporting goods excise taxes until Oct. 31, 2020.

Guidance relating to the application of the Cares Act to coronavirus-related distributions and loans from retirement plans.

The IRS issued guidance clarifying the definition of gross receipts for tax-exempt employers utilizing the employee retention credit.

The proposed regulations provide long-awaited guidance for the disallowance of qualified transportation benefits and commuting expenses.