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Use Tax - To Report or To Collect and Remit: That is the Question
If the United States Supreme Court upholds the physical presence standard in its South Dakota v. Wayfair opinion, many remote sellers lacking the physical ... read more >
OUR THOUGHTS ON:
Tax
Tax Exempt Advisory Committee Weighs In on Current Issues
The Advisory Committee on Tax Exempt and Government Entities (ACT) fosters public discussion of issues relevant to tax-exempt and government entities, ... read more >
IRS releases guidance to taxpayers for changing accounting methods to conform to financial accounting revenue recognition standards
On May 10, 2018, the IRS released Revenue Procedure 2018-29 (hereinafter Rev. Proc. 2018-29) to provide new, automatic procedures for taxpayers changing ... read more >
Congressional Research Service Releases Tax Policy Options on College Endowments
Educational institution endowments have come under attack from all sides lately. Whether it is the new excise tax on net investment income, a Congressman ... read more >
Tariffs Pose Challenge to Construction Firms
Earlier this year, there were New Tariffs Proposed on Steel and Aluminum by President Trump. The tariffs amount to 25% on steel and 10% on aluminum imports. ... read more >
IRS Announces 2017 Marginal Well Credit for Marginally Producing Natural Gas Properties
Natural gas well owners holding an operating interest in a qualified marginal well during 2017 are eligible to claim a $0.51 credit per qualified MCF, ... read more >
Pennsylvania Provides Clarification on Application of Nextel Decision
The Pennsylvania Department of Revenue recently released Corporation Tax Bulletin 2018-02 to clarify its position on the application of the decision issued ... read more >
New Revenue Procedure for Contributors Making Donation to Tax-Exempt Organizations
New Revenue Procedure 2018-32 modifies, consolidates and supersedes Rev. Proc. 81-6, Rev Proc. 81-7, Rev. Proc. 89-23 and Rev. Proc. 2011-33 in providing ... read more >
Climbing AFRs Put Dormant Estate Planning Techniques Back on the Table
When considering federal estate tax planning, one of the most common objectives of the planner is removing assets from the taxpayer’s taxable estate. ... read more >
IRS Intends to Issue Proposed Regulations Regarding the Limit for the Deduction of Business Interest
On April 2, 2018, the Internal Revenue Service ("IRS') issued Notice 2018-28 announcing its intent to issue proposed regulations addressing the ... read more >
