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…
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…
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…
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…
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…
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…
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…
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…
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…