Insights & Resources

Learn about the tax cuts for businesses and individuals as New York is the latest state to provide tax reductions to taxpayers.

In the updated statement on P.L. 86-272, businesses previously protected from paying the state corporate income tax in California or New York could now be liable for these taxes through various internet activities.

Property owners involved in real estate development may face very different tax consequences depending on their status as an investor or a dealer.

Taxpayers will be relieved of underpayment penalties under IRC Section 6656 for failing to make required deposits of the Superfund Tax as issued in Notice 2022-15.

The Fifth Circuit Court of Appeals and the U.S. Court of Federal Claims held that the blends of butane and gasoline would not be eligible for the alternative fuel mixture credit.

Taxpayers who are required to obtain a "G" registration under the reinstated Superfund Tax are impacted by recent IRS guidance on registration for certain Form 637.

On March 24, 2022, the Fifth Circuit Court of Appeals found the federal oil spill tax under IRC Section 4611(b) unconstitutional when imposed on exports of crude oil from the United States.

Certain pass-through entities filing first-year California tax returns are exempt from the state’s $800 minimum franchise tax beginning in 2021. The exemption applies to limited partnerships (LPs), limited liability partnerships (LLPs), and limited liability companies (LLCs) filing first-year returns in 2021, 2022, and 2023.

Discover how the American Rescue Plan Act of 2021 changed the filing requirement for Form 1099-K and how it will affect your business.

Some businesses make the mistake of putting off investment in tax compliance because it seems too expensive. But when it comes to sales tax compliance, the old adage is true: an ounce of prevention is worth a pound of cure.

Qualified small to medium-sized businesses that experienced a significant decline in revenues during the COVID-19 pandemic or were forced to partially or fully shut down due to a government order can still claim a refundable payroll tax credit to help soften the blow.

Learn about the changes to the treatment of research expenditures under IRC Section 174 that recently took effect and how it can affect your business.