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Oregon enacts commercial activity tax on businesses

Oregon enacts commercial activity tax on businesses

Tax will significantly affect any business with Oregon-sourced commercial activity, as state seeks to raise over $1 billion in new revenue.

  • May 22, 2019
Court confirms S corp cannot deduct accruals to ESOP participants

Court confirms S corp cannot deduct accruals to ESOP participants

The Tenth Circuit has affirmed a 2017 Tax Court decision concluding ESOPs are treated as trusts when applying certain related party rules.

  • May 20, 2019
New IRS preclearance disclosure form includes cryptocurrencies

New IRS preclearance disclosure form includes cryptocurrencies

The new disclosure will likely be used to gauge virtual currency noncompliance and may require disclosure of the six most recent tax years.

  • May 20, 2019
New LB&I exam selection program announced

New LB&I exam selection program announced

LB&I will apply a two-step program to identify the largest and most complex taxpayers that have the highest compliance risk.

  • May 20, 2019
Proposed regulations issued for withholding on partnership transfers

Proposed regulations issued for withholding on partnership transfers

Withholding generally applies to transfers of partnership interests by foreign persons, regulations generally follow previous guidance.

  • May 16, 2019

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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