On February 12, 2013, the text of the Governor's budget proposal for the 2014-2015 biennium, announced on February 4, 2013, was made public as House Bill 59 ("HB 59"). The new HB 59 includes a state income tax deduction for...more
2/20/2013 - Local Taxes Pass-Through Entities Sales & Use Tax Severance Tax State Budgets State Taxes Tax Deductions Tax Rates
On January 17, the Internal Revenue Service issued long-awaited final regulations (the Final Regulations) for implementing the Foreign Account Tax Compliance Act (FATCA) (the Final Regulations are contained in T.D. 9610). For...more
2/13/2013 - Due Diligence FATCA FFI Foreign Banks Foreign Financial Accounts Form W-8 Form W-9 Grandfathered Transactions Intergovernmental Agreements Investment Firms IRS Withholding Requirements
The Sixth Circuit has unanimously and summarily denied a Government request for en banc rehearing of a taxpayer-favorable ruling in United States v. Quality Stores, Inc., 693 F.3d 605 (6th Cir. Sept. 7, 2012)....more
2/1/2013 - FICA Taxes IRS Quality Stores Refunds Statute of Limitations SUB Wages
As you likely have heard, the President signed the American Taxpayer Relief Act (H.R. 8) (the "Act") on January 2, 2013. The Act, popularly known as the "fiscal cliff" legislation, permanently extends the Bush era tax cuts...more
1/4/2013 - 3.8% Medicare Tax Alternative Minimum Tax American Taxpayer Relief Act Bush-Era Tax Cuts Business Taxes Capital Gains Estate Tax Fiscal Cliff Generation-Skipping Transfer Gift-Tax Exemption Income Taxes Payroll Taxes Production Tax Credit Tax Extensions
JD Supra gets your content noticed, increases your visibility and makes your marketing efforts hassle free...
Learn More or Schedule a demo