TC: Offer-in-Compromise Was Rejected When File Was Closed
The U.S. Tax Court has held that a taxpayer’s offer-in-compromise (OIC) was rejected by the IRS when an agency collection …
Michigan Supreme Court Holds Treasury Department Improperly Disallowed SBT Credits That Passed by Operation of Law
By Peter G. Pupke, Esq. The Michigan Supreme Court has held that the Department of Treasury improperly disallowed the taxpayer …
Sales and Use Tax Relief Provided in Response to COVID-19
As the battle against the coronavirus (COVID-19) pandemic continues, states and localities are providing taxpayers with some tax relief. The …
Tax Relief Offered by States and Localities in Response to COVID-19
Tax relief provided by state and local tax and revenue departments in response to the novel coronavirus (COVID-19) is discussed …
Federal Court Dismisses States’ Challenge to SALT Deduction Cap
A federal district court has dismissed four states’ constitutional challenge to the state and local tax (SALT) deduction cap enacted …
Favorable U.S. tax ruling gives limited boost to big-box retailers
By April Joyner, Caroline Valetkevitch, Vanessa O’Connell, Nandita Bose, Hillary Russ; New York, Jeffrey Dastin; San Francisco and Caroline Hroncich …
Thomson Reuters Provides Guidance on State Tax Filing Obligations for Pass-Through Entities
Thomson Reuters has released a Checkpoint report to help practitioners and companies navigate state tax filing obligations for pass-through entities, …
Potential Impacts of Federal Tax Reform on State Taxation
B Sarah Horn, J.D. On December 22, 2017, President Donald Trump signed into law P.L. 115-97, also known as the …