By H. Jacob Lager of Zuber & Taillieu
The Tax Court has held that the step transaction doctrine did not apply to a series of bargain sales from a family-owned S Corp. to a charitable organization. As a result, the shareholders were entitled to charitable contribution deductions related to the sales. In William R. Klauer v. Commissioner of… More...
President Barack Obama has signed into law the Three Percent Withholding Repeal and Job Creation Act of 2011. More...
Three federal courts have issued decisions in favor of the United States in three separate cases involving abusive tax shelters, according to the Justice Department. All of the court opinions were issued on Sept. 30, 2011. More...
The New York State Department of Taxation and Finance (“Department”) has issued a memorandum to explain the recently enacted legislation that amends the 20-year statute of limitations to collect tax liabilities. More...
The Internal Revenue Service has provided additional clarification for tax return preparers about when to renew their preparer tax identification numbers (PTINs), how suitability testing will be conducted, and when the continuing education requirement will begin. More...
The Indiana Department of Revenue has issued a Directive No. 21 to clarify legislative changes that have been made to ensure Indiana’s compliance with the Streamlined Sales Tax Project (SSTP). More...
The New York Department of Taxation and Finance (“Department”) has issued a technical memorandum to guidance on the application of the sales and use tax (sales tax) to purchases involving vouchers sold by Web-based companies that are then redeemed by the purchaser at a business that sells the property or service. More...
The Internal Revenue Service has launched a new program that will enable many employers to resolve past worker classification issues and achieve certainty under the tax law at a low cost by voluntarily reclassifying their workers. More...
The Texas Comptroller of Public Accounts has issued a tax letter-memorandum, clarifying that a purchasing office that does not receive a rebate of local sales taxes, or was not established or moved for the purpose of avoiding local sales and use taxes or receiving a local tax rebate, will still qualify as a retail place of business for sales and use tax sourcing purposes. More...
In an advisory opinion, the New York State Department of Taxation and Finance held that sales of e-books of a California-based online bookstore are not subject to sales and use tax. More...
The Internal Revenue Service today announced that it will extend help to more innocent spouses by eliminating the two-year time limit that now applies to certain relief requests. More...
