Ideas & Insights

The OECD’s guidance illustrates how the pandemic may impact arm’s length results, including lower profits and even losses.

New final regulations include rules for CFCs, depreciation/amortization ‘add-back recapture’ and self-charged interest.

Finalized section 385 debt-equity regulations proposed in 2016, government still plans to issue some less harsh rules in the future.

CARES Act provides general increase to the limitation amount (i.e., the maximum allowable deduction) and special rule for partnerships

Altera petitions the Supreme Court of the United States to hear case regarding validity of cost sharing arrangement regulations.

Favorable classification available for retailers selling private label products and consumer products companies using contract manufacturing

Budget bills address pass-through entity tax, sales tax base and nexus changes, tax credits and reporting obligations.

The new pass-through entity level tax may benefit some individuals subject to the $10,000 SALT deduction limitation.

Marketplace facilitators liable for sales tax collection; budget compromises avoid certain proposed tax increases on businesses.

New York enacts legislation exempting 95% of GILTI and increases the sales component of the economic sales tax nexus threshold.

Minnesota’s long-awaited conformity bill presents new challenges for individual and corporate taxpayers; remote seller provisions modified.

Certain domestic holding companies can be excluded from the combined return, but pending legislation would limit the decisions.

As filing dates come closer and state legislative responses stall, more states are providing guidance on conformity to section 965.

The best part of giveaways is that they are free to the fans – no increased ticket price, and more importantly, no sales tax! But does that mean ...

With the passage of federal tax reform, both business and personal income taxpayers will need to consider how the federal changes will affect state...

In response to the devastation from Hurricane Harvey, the IRS, Texas and other states have provided guidance on extended filing deadlines. Texas ...

Recently, the Ohio Board of Tax Appeals issued a decision addressing the situsing of sales under the state’s Commercial Activity Tax (CAT). In ...

Missouri delays implementation of IBM decision to allow time to address the extent of the sales and use tax manufacturing exemption.

Analyzing recent FTB guidance on determining whether a taxpayer can take a credit or deduction for taxes “paid” to another state.

The budget increases personal and corporate tax rates, makes tax exemption and credit changes and revises the unclaimed property law.