Tax & Accounting Blog

U.S. IRS Revises Chief Counsel Notice on Section 385

U.S. IRS Revises Chief Counsel Notice on Section 385

On June 30, 2016, the U.S. Internal Revenue Service (IRS) Chief Counsel issued Notice CC-2016-009. This notice alerts attorneys that the Chief Counsel Directives Manual (CCDM) has been revised to reflect updated requirements for coordinating issues, code sections, and documents with the appropriate Associate Chief Counsel in the National Office. The Office of … Read More

New Rhode Island Tax Exemptions

New Rhode Island Tax Exemptions

In an endeavor to generate business growth, new Rhode Island tax exemptions are being offered. The town of Charlestown, RI plans to offer an exemption of tangible business personal property starting in 2017, pending Town Council approval. The exemption shall be a set amount to be deducted from the taxable value as rendered on the … Read More

Coeur d’Alene De-annexation Would Benefit Police Department

Coeur d’Alene De-annexation Would Benefit Police Department

In Coeur d’Alene, happenings at the county jail are handled a little differently than one might expect. Despite the Kootenai County jail and the county sheriff’s office being physically connected, as well as being operated by sheriff’s employees, it is the Coeur d’Alene Police Department that is responsible for responding to incidents within the jail – not the sheriff’s department. … Read More