RI – Dealers issued notice regarding cigarette tax increase
The Rhode Island Division of Taxation has issued a notice ...
NY – Taxability of chocolate-covered marshmallow twists discussed
The New York Department of Taxation and Finance has issued ...
IRS Reports More Refund Dollars Issued in FY 2023, IR-2024-115
Taxpayers received about $659 million in refunds during fiscal year ...
Tax Court Holds Regulation Invalid; Allows Conservation Easement Deduction, Valley Park Ranch, LLC, TC, Dec. 62,442
The Tax Court has ruled against the IRS's denial of a conservation easement deduction by ...
IRS Details Application Process for 2024 Bonus Energy Investment Credits in Low-Income Communities, IR-2024-86; Rev. Proc. 2024-19
For purposes of the energy investment credit, the IRS released 2024 application and allocation procedures for ...
IRS Waives Additions to Tax for Corporations’ Underpayment of Estimated Tax Related to Corporate Alternative Minimum Tax, Notice 2024-33
The IRS has provided a limited waiver of the addition to tax under Code Sec. 6655 for underpayments of estimated income ...
Final Rules Amend Definition of Short Term Limited Duration Insurance, T.D. 9990
The IRS, in connection with other agencies, have issued final ...
Proposed Regulations Provide Guidance on the Excise Tax on Stock Repurchases, IR-2024-101; NPRM REG-115710-22; NPRM REG-118499-23
The IRS has issued proposed regulations that would provide guidance on the application of the new excise ...
IRS Extends Transition Relief for Required Minimum Distributions in 2024, Notice 2024-35
The IRS announced that final regulations related to required minimum distributions (RMDs) under Code Sec. ...
What Are My Chances of Being Audited?
Often, timing is everything or so the adage goes. From ...
