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Tax Alerts

Subscribe today to receive tax updates at the frequency you prefer. Tax Alerts offer timely notification of the latest changes in federal, state and international tax legislation, court rulings and tax authority positions, distributed as the news breaks. Tax Alerts Roundup compiles each of these alerts in a biweekly newsletter for your convenience.

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most recent tax alerts

Final Reg. pull rules for long-term deferral of advance payments

Final Reg. pull rules for long-term deferral of advance payments

Final regulations terminate Reg. Section 1.451-5, which previously allowed multiyear deferral of advance payments for goods and services.

  • Tracy Watkins, Ryan Corcoran , John Charin
  • |
  • July 16, 2019
Hawaii adopts Wayfair standard for income tax nexus presumption

Hawaii adopts Wayfair standard for income tax nexus presumption

Hawaii becomes the first state to adopt a $100,000 sales or 200 transaction threshold applicable to the state’s income tax.

  • James Barash, Brian Kirkell, Mo Bell-Jacobs
  • |
  • July 12, 2019
Correction narrows eligibility for 163(j) exception, cash method, etc.

Correction narrows eligibility for 163(j) exception, cash method, etc.

Correction to constructive ownership rules under section 52 likely to increase aggregation and alter small taxpayer status for many.

  • Peter Pentland, Lori Anne Johnston
  • |
  • July 11, 2019
Putting Humpty-Dumpty back together again

Putting Humpty-Dumpty back together again

IRS allows early reconsolidation given waiver of capital loss generated by the disaffiliation and lack of other tax benefits.

  • Stefan Gottschalk, Patrick Phillips
  • |
  • July 11, 2019
Rhode Island enacts pass-through entity level tax

Rhode Island enacts pass-through entity level tax

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

  • Girard Brisbois, Lu Awdeh, Dan Chadwick
  • |
  • July 09, 2019
New IRS guidance on multiple-employer 401(k) plans

New IRS guidance on multiple-employer 401(k) plans

If adopted, these rules may make multiple-employer 401(k) plans an effective way for small business to provide retirement benefits.

  • Bill O’Malley
  • |
  • July 08, 2019
Wisconsin enacts marketplace facilitator law and biennial budget

Wisconsin enacts marketplace facilitator law and biennial budget

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

  • Zach Rieboldt, Suzanne Baierl
  • |
  • July 08, 2019
IRS and Treasury maintain position on partners as employees

IRS and Treasury maintain position on partners as employees

Final regulations maintain partners cannot be employees of a disregarded entity owned by the partnership in which they are partners.

  • Don Susswein, Karen Field, Anne Bushman
  • |
  • July 08, 2019
IRS expands TTIN use to include Forms W-2

IRS expands TTIN use to include Forms W-2

New regulations allow employers to use truncated taxpayer identification numbers on Forms W-2 that are issued to employees.

  • David Click, John Deininger, Cindy Hull
  • |
  • July 03, 2019
U.S. Supreme Court denies Fielding petition after Kaestner

U.S. Supreme Court denies Fielding petition after Kaestner

High court allows Minnesota Supreme Court decision finding so-called “grantor-domicile” rule unconstitutional to stand.

  • Carol Warley, Brian Kirkell, Eric Manus
  • |
  • July 02, 2019