The Tax Court’s recent decision in Walquist v. Commissioner, 152 T.C. No. 3, further clarified the application of the supervisor approval requirement under section 6751(b)(1), which has been a
Continue Reading Tax Court Holds that Supervisor Approval Requirement Does Not Apply to Penalties Determined by Computer Program

In January, the New York Department of Taxation and Finance issued a notice regarding sales tax registration requirements for businesses with no physical presence in New York.  The notice responds
Continue Reading New York Department of Taxation and Finance Issues Notice Regarding Sales Tax Registration Requirement for Businesses with No Physical Presence in New York

We recently wrote on the new proposed regulations addressing the availability of charitable deductions when taxpayers receive or expect to receive corresponding state or local tax credits for contributions.  The
Continue Reading IRS Provides Clarification for Business Taxpayers That Make Payments To State or Local Tax Credit Programs

The Treasury Department recently issued proposed regulations addressing the availability of charitable deductions when taxpayers receive or expect to receive corresponding state or local tax credits for contributions.  The proposed
Continue Reading Treasury Issues Proposed Regulations Addressing Charitable Deductions for State and Local Tax Credit Contributions