The Minnesota Supreme Court recently held that the gain from the sale of goodwill was subject to apportionment as business income derived from a unitary asset rather than allocation of nonbusiness income pursuant to Minnesota...more
As a general rule, a corporation is considered a separate entity from its owner(s). There are a few cases in which a corporate entity is disregarded as an entity separate from its owners, such as when a corporation is set up...more
The saga of Kansas income tax law changes concluded earlier this week when Kansas lawmakers overrode Gov. Sam Brownback's veto of a bill that dismantled the governor's signature tax cuts. With the state facing an estimated...more
6/14/2017
/ Charitable Donations ,
Exemptions ,
Governor Vetoes ,
Income Taxes ,
Limited Liability Company (LLC) ,
Medical Expenses ,
S-Corporation ,
Tax Cuts ,
Tax Deductions ,
Tax Increases ,
Tax Rates