Ideas & Insights

Kentucky passes a series of tax bills intended to attract cryptocurrency miners with new exemptions and credits.

The IRS updated taxpayers on its operations status and recognized the delays in processing check payments due on July 15, 2020.

Corporate taxpayers filing a consolidated return have an added layer of rules to navigate when carrying back a net operating loss.

The IRS provided long-awaited guidance for taxpayers anxious to take advantage of the NOL provisions in the CARES Act.

Recent guidance extends certain deadlines for LIHTC, WOTC, and Historic Rehabilitation tax credits because of COVID-19.

Recent guidance provides that certain deadlines, including the allowable time to invest in a QOF, are now extended because of COVID-19.

The IRS issued guidance extending the time for taxpayers to file certain Form 3115s and Form 1128s to July 15, 2020.

Accelerating worthless stock deductions on an insolvent subsidiary without disposing of the business to increase NOL carrybacks.

Immediate and retroactive expensing of qualified improvement property creates tax saving opportunities for taxpayers.