With tax day quickly approaching on April 15, 2024, employers in Pennsylvania may want to take note of a December 2023 state tax law that might have flown under the radar. The... Read more »
Executive Summary Tax-exempt hospital’s compliance with the community benefit standard, as well as the Internal Revenue Code Section 501(r) and its related Regulations, will be the subject of Internal Revenue Service focus... Read more »
Over the last three months, public statements by U.S. Treasury and Internal Revenue Service officials have suggested that they are in the process of significantly revising the rules governing tax-free spin-offs, split-offs... Read more »
In President Biden’s recent State of the Union Address, he called on corporations and wealthy taxpayers to pay their “fair share” through proposals to end tax breaks for private jets, further limit... Read more »
Belarusian law students enrolled at European Humanities University are filing reports with JURIST on current circumstances in Belarus under the constitutionally-disputed presidency of Alexander Lukashenka. Katsiaryna Vasilionak files this dispatch from Vilnius,... Read more »
As we strive to do annually, here is a summary of the major items of business tax legislation that have been introduced or we expect to be introduced during the 2024 regular... Read more »
The Internal Revenue Service (IRS) recently announced two relief programs for employers that may have claimed credits under the employee retention credit (ERC) based on erroneous or specious eligibility standards. Owing in... Read more »
In a pair of decisions, a New York State appellate court has annulled decisions of the New York State Tax Appeals Tribunal that reduced certain tax credits available to the individual shareholders... Read more »
On 6 December, HMRC updated the section in its International Manual discussing the UK tax characterisation of overseas entities, and of Delaware (and other US) limited liability companies (LLCs) in particular (in... Read more »
Quick Hits Alabama has enacted a law to make overtime compensation exempt from the state income tax. The new law will only apply to income for work performed on or after January... Read more »