New Jersey Becomes Latest State to Adopt an Elective Pass-Through Entity Tax
On January 13, 2020, New Jersey Senate Bill 3246 was signed into law. Also known as the Pass-Through Business Alternative Income Tax (or “BAIT”)
PA Commonwealth Court Allows Full Refunds for Taxpayers’ 2001 and 2006 CNIT Taxes after Analyzing the Nextel Opinion
In late 2019, the Pennsylvania Commonwealth Court rendered two important decisions involving the Pennsylvania Supreme Court’s precedential opinion
IRS Releases Proposed Regulations on State and Local Tax Credit Workarounds
Learn more about the IRS REG-107431-19 and how to treat contributions made to a charity in return for SALT credits.
PA DOR Will Apply $500,000 Economic Nexus Rule for Corporation Income Tax Filings in 2020
The Pennsylvania Department of Revenue recently issued Corporate Tax Bulletin 2019-04[i], which implemented a $500,000 economic nexus threshold for Corporate