News & Analysis as of September 20, 2024

Income Taxes › Work Opportunity Tax Credit

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Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -

Weekly IRS Roundup September 19 – September 23, 2022

McDermott Will & Emery on 9/27/2022

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of September 19, 2022 – September 23, 2022....more

Impact of House Ways and Means Tax Proposal on Domestic Businesses

Bowditch & Dewey on 9/22/2021

On September 13, 2021, the Congressional House Ways and Means Committee introduced 880 plus pages of legislative tax proposals to help fund the House’s proposed $3.5 trillion stimulus package. Below are tax proposals relevant...more

Weekly IRS Roundup December 7 – December 11, 2020

McDermott Will & Emery on 12/15/2020

Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of December 7 – December 11, 2020... December 7, 2020: The IRS released TD 9937 related to...more

LB&I Announces Five More Compliance Campaigns, Bringing Total To 50 Campaigns

Fox Rothschild LLP on 10/31/2018

The Internal Revenue Service’s Large Business and International division (LB&I) announced the approval of five additional compliance campaigns. LB&I announced on January 31, 2017, the rollout of its first 13 campaigns,...more

The Fiscal Cliff Deal - What does it mean for you and your business?

Butler Snow LLP on 1/18/2013

In the early morning hours of January 1, 2013, the Senate approved the American Taxpayer Relief Act of 2012 (the “Act”) by a vote of 89-8. Less than 24 hours later, the House of Representatives also approved the Act by a vote...more

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