Tax News Highlights
Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.
Recent updates
The IRS issued final regulations on the qualified tips deduction under Section 224, providing much-needed clarity, though certain questions remain.
Guidance expected to clarify the tax consequences of the Section 280E deduction rules in light of rescheduling of certain medical marijuana products.
Tax teams that integrate analytics tools into their processes can improve and streamline accuracy over those relying on spreadsheets alone.
Two recent Ohio supreme court decisions offer guidance on when the Ohio commercial activity tax applies for sales of goods received in the state.
Certain taxpayers that elected to opt out of Section 163(j) have a window to withdraw their election given the changes made by the OBBBA.
Recent IRS guidance restarts the program allowing group exemptions for exempt entities with subordinate organizations and provides updated procedures.
The IRS issued final regulations on the qualified tips deduction under Section 224, providing much-needed clarity, though certain questions remain.
Guidance expected to clarify the tax consequences of the Section 280E deduction rules in light of rescheduling of certain medical marijuana products.
Tax teams that integrate analytics tools into their processes can improve and streamline accuracy over those relying on spreadsheets alone.
Two recent Ohio supreme court decisions offer guidance on when the Ohio commercial activity tax applies for sales of goods received in the state.
Certain taxpayers that elected to opt out of Section 163(j) have a window to withdraw their election given the changes made by the OBBBA.
Recent IRS guidance restarts the program allowing group exemptions for exempt entities with subordinate organizations and provides updated procedures.
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