The IRS intends to issue proposed regulations to permit a partnership or an S corporation to deduct specified income tax payments made to a domestic state or local jurisdiction.
In Notice 2020-75, the IRS clarifies that...more
Florida’s Office of Medical Marijuana Use issued an emergency rule on August 26, 2020, that authorizes the production, marketing and sale of edible cannabis products.
The Rule, titled Standards for Production of Edibles,...more
The Tax Cuts and Jobs Act, enacted on December 22, 2017, contains several provisions that significantly affect the federal income tax consequences of structures often used in domestic M&A transactions.
While some are...more