Tax

The Internal Revenue Service has completed the first settlement under its initiative to resolve certain docketed cases involving syndicated conservation easement transactions.

Victims of Hurricane Laura that began Aug. 22 now have until Dec. 31, 2020, to file various individual and business tax returns and make tax payments, the Internal Revenue Service has announced.

To be eligible to participate in CAP, taxpayers must adhere to CAP program limits on the number of open years. For 2021, the IRS modified the open-year criteria, updated its requirements for the ...

Currently, 11 states have provided pandemic-related guidance allowing for expanded e-signature use on tax returns. These states recognize the health and technology challenges arising from COVID-19 and understand how these challenges make it ...

The bottom line is that accelerating QIP depreciation to create an NOL may or may not be beneficial. In light of post-COVID-19 taxation rules and regulation changes, forecasting, modeling, and tax planning is more important than ...

The Internal Revenue Service will soon send catch-up Economic Impact Payment checks to about 50,000 individuals whose portion of the EIP was diverted to pay their spouse’s past-due child support.

Transaction tax changes are on pace to reach the second highest total in the past 11 years. 150 city sales tax rate adjustments have occurred to date this year—with all but 10 being rate hikes—and those numbers aren’t likely to slow down.

Victims of the Iowa derecho storm (windstorm) on Aug. 10, 2020, and the California wildfires that began Aug. 14, 2020, now have until Dec. 15, 2020 to file various individual and business tax returns and make tax payments, the ...