Will the New Partnership Related Party Basis-Shifting Rules Survive? Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …
IRS Postpones Tax Deadlines for Minnesota Victims Severe Storms, Flooding The IRS has postponed tax deadlines for Minnesota victims of severe storms and flooding that began on June 16, 2024. …
Illinois Repeals Grocery Tax and Amends Telecommunications Provisions By Krista A. Cohane On August 5, 2024, Illinois Governor J.B. Pritzker signed legislation repealing the state grocery tax and …
Trump Orders Treasury to Axe Clean Energy Credit Guidance President Trump signed an executive order Monday directing the Treasury Department to pull the plug on regulatory and other guidance projects relating …