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Certain Residents of Florida, North Carolina and South Carolina Receive Extra Time for IRS Penalty Abatement The IRS issued Notice…

Justin HughesOctober 21, 2022

In an unexpected announcement on August 24, 2022 (Notice 2022-36), the Internal Revenue Service (IRS) issued broad penalty relief as…

In response to rising gasoline prices, the IRS has announced an increase to the optional standard mileage rates for business,…

New York Governor Kathy Hochul recently passed several pieces of legislation in connection with the New York 2023 fiscal year…

On February 16th, 2022, the IRS updated its FAQs relating to Schedules K-2 and K-3. The objective of this update…

Robert EwanisFebruary 17, 2022

The Urban Enterprise Zone (UEZ) Reform Bill was signed into law recently after a re-evaluation requested by the New Jersey…

The Infrastructure Investment and Jobs Act, signed into law in November 2021, retroactively removed the employee retention credit (“ERC”) for…

In 1959, the federal government enacted P.L. 86-272, which protects an out-of-state company from a state’s net income tax if…

As part of the ongoing discussions regarding proposed tax law changes, the recent proposal regarding the exclusion for the sale…

Lauren LandolfiSeptember 15, 2021

The Internal Revenue Service (IRS) has recently issued Notice 2021-49 which provides some answers to questions that have been raised…

Business Tax