Advisory September 16, 2026
Your Client Has 501(c)(3) Status. Is Its Illinois Real Estate Exempt?
State sales tax exemptions and property tax exemptions, often do not flow with federal public charity status.
State and Local Taxes July 3, 2024
New Jersey Passes New Budget, With Tax Increases for Some, Property Tax Relief Too
The plan also calls for spending $2.1 billion more than it collects in revenue from taxes and fees at a time when the state faces uncertain financial prospects.
Taxes July 2, 2024
IRS: Security Threats Against Tax Pros Remain a Daily Threat
The IRS and its Security Summit partners announced the start of its annual "Protect Your Clients; Protect Yourself" campaign.
Taxes July 1, 2024
NYU Professional Studies to Host Tax Conferences
The events will focus on a range of topics including international and partnership taxation, trusts and estates, local and state taxation, and like-kind exchanges.
Taxes July 1, 2024
IRS Finalizes Rules on Crypto Tax Reporting for Brokers
The final regulations are viewed by proponents as critical to policing a largely unregulated sector plagued by tax avoidance.
Taxes July 1, 2024
IRS to Pot Businesses: Marijuana is Still a Schedule I Controlled Substance
Therefore, cannabis businesses are still unable to claim normal business tax deductions, as IRC Section 280E stipulates.
Sales Tax July 1, 2024
Australia Makes Business Expansion Easier by Removing Nuissance Tariffs
Eliminating tariffs on products that qualify for a concession should simplify Australia’s trade system and remove compliance burdens for Australian firms.
Taxes June 28, 2024
IRS Issues Final Regs on New 1% Excise Tax on Corporate Stock Repurchases
These final regulations require that the stock repurchase excise tax be reported on Form 720, Quarterly Federal Excise Tax Return, due for the first full calendar quarter after the end of the corporation’s taxable year.
Taxes June 28, 2024
Biden and Trump Spar on Social Security and Taxes During First Debate
The debate featured a relentless barrage of false and misleading statements from both presidential candidates on a number of issues.
Taxes June 28, 2024
Supreme Court Limits Rulemaking Power of Federal Agencies
Justices overturned the Chevron doctrine that says judges should defer to agencies and their regulations if the law is not clear.
Small Business June 28, 2024
Sales Tax Disputes Continue as Wayfair Sales Tax Decision Hits Six-Year Anniversary
Every state with a sales tax enacted an economic nexus law following the Wayfair decision, most within a matter of months.
Taxes June 27, 2024
IRS Offers to Settle With Certain Tax Avoidance Scheme Participants
The agency is looking to settle with some taxpayers under audit who participated in syndicated conservation easement deals.
IRS June 26, 2024
IRS Paid Out $88.8M to Whistleblowers in FY 2023
The agency gave whistleblowers 121 awards for information attributable to $338 million in tax revenue being collected in fiscal year 2023.