Taxes

The Inflation Reduction Act – What US Companies and Individual Taxpayers Need to Know

At a glance The main takeaway: On August 16, 2022, President Biden signed the Inflation Reduction Act into law. The $750…

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Taxpayers – Act Fast if You Want to Benefit from the IRS COVID-Related Penalty Relief

At a glance The main takeaway: On August 24, 2022, the IRS announced it will waive failure to file penalties for…

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IRS Expands Digital Asset Question on Draft Version of 2022 Form 1040

At a glance Main takeaway: For tax year 2022, the IRS seeks to expand Form 1040 reporting to require disclosure…

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Multistate Law Firms Could Have a State Tax Nexus Filing Obligation: 3 Big Questions Answered

By: Julie Chesebro, CPA; Ella Corry, CPA At a glance The main takeaway: Whether your law firm has a multistate…

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Bonus Depreciation Phase Out and What it Means for Your Business

At a glance The main takeaway: Bonus depreciation, a favorable, bipartisan-supported tax provision, is unlikely to be extended before December…

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Brace for Impact: Changes to R&D Deductions Begin This Year

At a glance The main takeaway: New requirements eliminating the ability to immediately deduct research and development (R&D) expenditures went…

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State & Local Tax (SALT) Newsletter May 2022

https://info.aprio.com/aprio-salt-newsletter-must-know-state-tax-news-for-your-business-3

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Washington Rules that Sales Tax Applies to Online Account Access Services

By: Tina Chunn, SALT Senior Manager At a glance The main takeaway: A taxpayer’s services provided through an online banking…

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Legislative Tax Updates that New York and Georgia Taxpayers Should Know

By: Jeff Glickman, SALT Partner At a glance The main takeaway: The latest legislation in New York provides pass-through entities…

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California Court Upholds Taxpayers’ $12 Million Assessment for San Francisco Transfer Taxes

By: Jess Johannesen, SALT Senior Manager At a glance The situation: A recent California Appellate Court opinion sheds light on…

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