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Business Taxes

Offit Kurman

When Will the IRS Compromise Tax Liability?

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We have all seen the television commercials hawking tax relief with “satisfied clients” shilling for the promoter. But will the IRS really compromise a tax liability? If so, when, how, and why?...more

Morgan Lewis

German Federal Fiscal Court on Extended Property Deduction in the Case of Co-Letting of Operating Facilities

Morgan Lewis on

The Federal Fiscal Court (BFH) rules that the co-rental of a freight elevator (operating facility) may constitute a harmless ancillary business for the application of the so-called extended property deduction pursuant to...more

Eversheds Sutherland (US) LLP

Treasury And The IRS Announce Simplifications And New Elections For Businesses Operated In A Different Currency

The section 987 regulations that were finalized in 2024 after decades of revision are getting yet another makeover. On February 25, 2026, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued...more

Offit Kurman

When Hypothetical Liquidations Become “Illogical”: Otay Project LP v. Commissioner

Offit Kurman on

The Tax Court’s recent decision in Otay Project LP v. Commissioner, T.C. Memo. 2026-21, is likely to become one of the most discussed partnership cases of the year — not because it announces a new doctrine, but because it...more

Krieg DeVault

Treasury and IRS Issue Interim Guidance on 100% Depreciation for Qualified Production Property

Krieg DeVault on

On February 20, 2026, the U.S. Department of the Treasury and the Internal Revenue Service released Notice 2026-16, providing interim guidance on a new 100% special depreciation allowance for certain nonresidential real...more

Offit Kurman

Top Audit Red Flags Businesses Shouldn’t Ignore

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My recent blog, So, The IRS Has Selected Your Return for Audit, discussed the four types of IRS audits. What factors may trigger an audit of a business’s income tax return?...more

Thompson Coburn LLP

10 Things to Know About the Texas Business Court and the Rise of ‘Dexit’

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A growing number of companies are rethinking where they call home, and some are choosing to leave Delaware for Texas, a trend that’s picked up the nickname “Dexit.” With the launch of the Texas Business Court in the fall of...more

Braumiller Law Group, PLLC

Mexico's 2026 Tax Regularization Program. Don't Miss This Opportunity

Mexico's Tax Administration Service (SAT) launched the 2026 Fiscal Regularization Program on January 22, offering businesses a strategic opportunity to resolve outstanding tax obligations with unprecedented penalty relief....more

Pillsbury - SeeSalt Blog

Not the CAT’s Meow: Ohio Supreme Court Reins in the Continuous Delivery Theory for Situsing Receipts

Recent Ohio Supreme Court decisions addressing the situsing of receipts under the Commercial Activity Tax (CAT) underscore both the limits of the “continuous delivery theory” and the evidentiary hurdles taxpayers face when...more

Davis Wright Tremaine LLP

IRS Announces Relief Notice for Washington State Flood Victims

The Internal Revenue Service has announced broad federal tax relief for individuals and businesses affected by the severe storms, flooding, landslides, and mudslides that began on December 9, 2025, in Washington State....more

Allen Barron, Inc.

Proven California Sales and Use Tax Audit Representation

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Are you searching for proven California sales and use tax audit representation? Have you received notification of a California sales and use tax audit by the California Department of Tax and Fee Administration (CDTFA)?...more

Kilpatrick

6 Key Takeaways | Apportioning and Situsing for Multistate Direct and Indirect Taxes

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Kilpatrick’s Jordan Goodman recently presented on the topic of “Apportioning and Situsing for Multistate Direct and Indirect Taxes.” Jordan provides the following key takeaways...more

Offit Kurman

So, The IRS Has Selected Your Return for Audit

Offit Kurman on

The Internal Revenue Service (“IRS”) audits 1% to 2% of small business income tax returns annually for one of two reasons: (1) something about the return (or information reported on the return) flagged the return for a closer...more

Blank Rome LLP

Washington Court Denies B&O Tax Refund to IT Company in Apportionment Dispute

Blank Rome LLP on

In Valente Solutions, LLC v. Department of Revenue, the Washington Court of Appeals addressed whether an information technology consulting firm was entitled to a refund of Washington business and occupation (“B&O”) taxes for...more

Baker Donelson

Tennessee Department of Revenue Releases New Informal Conference Decision Summaries

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Summaries Released of Select Informal Conference Decisions: The Tennessee Department of Revenue (Department) recently posted certain selected informal conference summaries, which provide taxpayers with insight into how the...more

Blank Rome LLP

Ohio BTA Rejects Commissioner’s Sourcing Method

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It is a foundational principle of statutory interpretation that statutes be read to give effect to their plain meaning. Where a statute is amended over time, as is often the case, it must be read so as to give effect to the...more

Husch Blackwell LLP

Maine Amends Cannabis Excise Tax Law: New Exemptions for Cultivators and Manufacturers

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Maine has amended its cannabis excise tax law to offer tax relief for some cannabis businesses. The new law, which took effect on January 11, 2026, creates specific exemptions from excise tax for certain transfers of...more

Eversheds Sutherland (US) LLP

Tax Bytes: Week of January 26, 2026

Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and issues of note. Each week we pull together the items we deem most important to...more

Eversheds Sutherland (US) LLP

IRS issues updated guidance on Section 163(j) business interest limitation: Key changes under OBBBA

The Internal Revenue Service recently updated guidance in Fact Sheet FS-2025-09 (Fact Sheet) to address changes to the limitation on business interest expense deductions under Internal Revenue Code Section 163(j) enacted by...more

Baker Donelson

SALT Select Developments - January 2026

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State and local taxes impact almost every taxpayer, and developments in any one jurisdiction can be frequent and sometimes confusing. In this newsletter edition, we briefly summarize selected state and local tax (SALT)...more

Proskauer - Tax Talks

Hotel La Tour Supreme Court Ruling: Final Confirmation on VAT Recovery for Share Sale Adviser Fees

Proskauer - Tax Talks on

In a unanimous judgment, the UK Supreme Court has given final confirmation that VAT incurred on adviser fees connected with an exempt share sale is not recoverable, endorsing the Court of Appeal’s strict application of the...more

Husch Blackwell LLP

Ohio Supreme Court Clarifies Meaning of Ultimate Destination for CAT

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Over the course of a few weeks, the Ohio Supreme Court has released a pair of decisions that offer guidance on how to determine the situs of gross receipts for purposes of calculating the Commercial Activity Tax (CAT) as well...more

Thompson Coburn LLP

Gorin’s Business Succession Solutions: January 2026

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The below articles are part of Gorin’s Business Succession Solutions, a complimentary quarterly resource by Thompson Coburn partner Steve Gorin on tax planning for business owners, with an emphasis on income, estate, and...more

Alston & Bird

Ohio Supreme Court Clarifies CAT for Sourcing Sales to Distribution Centers

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In a January 14, 2026 opinion, the Ohio Supreme Court denied an apparel company’s $855,000 refund claim for Ohio’s commercial activity tax (CAT) for tax years 2010 through 2016. ...more

Pillsbury - SeeSalt Blog

No Contract, No Look-Through: Wisconsin Draws a Line on Software Receipts Sourcing

In a recent decision, the Wisconsin Tax Appeals Commission drew a bright line for sourcing receipts from software for sales factor apportionment purposes: without a contract with the end-user, a company cannot source receipts...more

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