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Tax Alerts

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most recent tax alerts

IRS launches new option to submit Forms 2848 and 8821 online

IRS launches new option to submit Forms 2848 and 8821 online

The IRS launched a new option to electronically submit third-party authorization forms with either handwritten or electronic signatures.

  • Alina Solodchikova, Evan Stone, Cindy Hull
  • |
  • January 27, 2021
Final section 163(j) regulations helpful for multinational businesses

Final section 163(j) regulations helpful for multinational businesses

Partially finalized regulations on business interest expense deductions provide helpful clarifications for multinational businesses.

  • Adam Chesman
  • |
  • January 27, 2021
Chicago provides narrow guidance on Wayfair economic nexus

Chicago provides narrow guidance on Wayfair economic nexus

A new nexus safe harbor is available for remote sellers making under $100,000 of sales to Chicago customers in the previous four quarters.

  • Bob Kolosky, Megan Olson, Andrienne Albritton
  • |
  • January 27, 2021
Moving abroad? A visa may not be enough to change your state tax home

Moving abroad? A visa may not be enough to change your state tax home

A Nebraska court found that two taxpayers who moved to the U.K. did not intend to abandon their domicile for state tax purposes.

  • Brian Kirkell, Harlan Kwiatek, Eric Manus
  • |
  • January 25, 2021
Recent tax court case details substantial rights related to R&D Credit

Recent tax court case details substantial rights related to R&D Credit

The case explains the IRS’ view of the requirements to establish substantial rights for work performed under contract for the R&D credit.

  • Tom Windram, Jared Boucher, Tyler Caton
  • |
  • January 25, 2021
Missouri temporary location withholding requires notice by January 31

Missouri temporary location withholding requires notice by January 31

Electing employers may withhold income tax from employee wages as if the wages were earned from work performed at a primary work location.

  • Harlan Kwiatek, Lorraine Bodden, Scott Durham
  • |
  • January 25, 2021
Texas issues revised franchise tax sourcing rules

Texas issues revised franchise tax sourcing rules

The Texas Comptroller of Public Accounts has finalized revised rules making significant changes to franchise tax apportionment.

  • Mike Williams, Chris Gorman, Shakeb Syed
  • |
  • January 19, 2021
The UK shrinks the scope of DAC6 reporting

The UK shrinks the scope of DAC6 reporting

UK government provides relief from DAC6, reducing the scope of reporting for UK intermediaries with cross-border transactions.

  • Ramon Camacho, Andrew Seidler, Melanie Gulden
  • |
  • January 19, 2021
New section 199A guidance may affect taxpayers with short tax years

New section 199A guidance may affect taxpayers with short tax years

IRS modifies guidance on wages that are includible when computing section 199A deduction for taxpayers with short tax years.

  • Ed Decker, Kyle Brown
  • |
  • January 19, 2021
Excess compensation paid by exempt organizations final regs. released

Excess compensation paid by exempt organizations final regs. released

Section 4960 final rules generally adopt the proposed regulations with some minor, taxpayer favorable modifications.

  • Anne Bushman, Alexandra Mitchell, Karen Field
  • |
  • January 15, 2021