Businesses need to be aware of recent shifts in states' approaches to unclaimed property and assess their compliance efforts and risk exposure.
This article was originally published in Bloomberg Law.
Copyright 2024 Bloomberg Industry Group, Inc. (800-372-1033) www.bloombergindustry.com. Reproduced with permission.
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Recent IRS guidance restarts the program allowing group exemptions for exempt entities with subordinate organizations and provides updated procedures.
Get the latest on state corporate income tax developments, along with significant proposals and trends shaping the broader tax landscape.
Newly released proposed regulations would remove the onerous and broad partnership basis-shifting disclosure obligations for partnerships.