Insights & Resources

The Oklahoma State legislature enacted H.B. 1039, which eliminates all corporate franchise tax fees and reporting requirements beginning for tax year 2024.

Real Estate Investment Trusts (REITs) are subject to a number of transfer pricing rules and, when applicable, to onerous penalties. Learn about the requirements.

The IRS issued proposed regulations on the application of the federal Superfund Tax that address a number of issues surrounding the imposition of the tax.

Texas businesses (travel, tourism & hospitality) impacted during the pandemic can still claim a one-time grant under the Texas Travel Industry Recovery Grant Program.

Skechers was found to owe more than $1M in taxes after losing a transfer pricing dispute that involved a royalty expense taken as a tax deduction.

The California Franchise Tax Board extended the tax filing deadline to October 16, 2023 for individuals and businesses in response to winter storms in the state.

In the March 6 Internal Revenue Bulletin the IRS issued a statement on export tax for oil spills. Find out more about this notice and how taxpayers are affected.

In a recent decision, the First District Court of Appeals in Illinois held that book-out transactions are transfers of ownership of fuel and are subject to tax.

U.S. investors run a risk of diminishing returns if they do not understand how PFIC rules apply to foreign investments. Learn about the tax consequences.

The California Franchise Tax Board has granted a one-year extension for tax capital reporting conformity. Learn more about reporting capital accounts.

A number of states have updated their motor fuel tax rates and related fees effective in the first quarter of 2023.

Increased IRS funding may mean greater attention from IRS auditors to transfer pricing, which has been the target of political & public concerns over tax avoidance.