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 recent Keysight decision invalidates a Treasury GILTI regime regulation, holding that the agency lacked statutory authority to issue the rule.
The Tax Court invalidated the extraordinary disposition regulations, holding that Treasury cannot limit the Section 245A dividends-received deduction.
The IRS is phasing in a new AEP program, which will automatically waive eligible penalties for compliant taxpayers and phase out the FTA program.
The 5% safe harbor for wind and solar is restored, letting taxpayers use it to meet beginning-of-construction deadlines under the OBBBA.
Colorado recently enacted several significant changes to its tax law, including changes to its income, excise, sales and use, and motor fuel taxes.
Companies with certain cannabis activities might be eligible for the Section 41 credit if their activities include qualified research expenses.
The recent Keysight decision invalidates a Treasury GILTI regime regulation, holding that the agency lacked statutory authority to issue the rule.
The Tax Court invalidated the extraordinary disposition regulations, holding that Treasury cannot limit the Section 245A dividends-received deduction.
The IRS is phasing in a new AEP program, which will automatically waive eligible penalties for compliant taxpayers and phase out the FTA program.
The 5% safe harbor for wind and solar is restored, letting taxpayers use it to meet beginning-of-construction deadlines under the OBBBA.
Colorado recently enacted several significant changes to its tax law, including changes to its income, excise, sales and use, and motor fuel taxes.
Companies with certain cannabis activities might be eligible for the Section 41 credit if their activities include qualified research expenses.
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