October 21, 2018

Tax, Internal Revenue Service and Treasury Legal News

Tax law is one of the most complex areas of the law.  With the recent legislation, the Tax Cuts and Jobs Acts (TCJA), the first major change to tax law since 1986, this had many implications for business owners, as well as private individuals for tax filing purposes. Almost every decision a business makes may have tax consequences, and the National Law Review has legal analysis of the new TCJA legislation as well as updates on the IRS interpretations and guidance documents.

State Tax Laws (SALT)

Additionally, the National Law Review has coverage of many state’s tax laws, as well as states response to the TCJA.   These SALT issues are carefully analyzed by the legal experts who write for the National Law Review.  Along with state income tax rules, there is also information on how states are handling aspects of the gig economy, as well as state response to changes with the individual mandate under the Affordable Care Act.

GILTI Tax, Estate, Base Erosion Anti-Abuse Tax

From new tax implications under GILTI tax (Global Intangible Low Taxed Income), to deductions under the IRC for gifts and estate transfers, visitors can find the latest stories in relation to both business and personal tax laws. Visitors can read about the implications the TCJA has on multinational companies, how the BEAT tax (Base Erosion Anti-Abuse Tax) is calculated, or the effects estate taxes will have when deciding who to leave property to in a will.

Tax Deductions & Credits

With the evolving tax situations, there are many questions related to which tax credits and deductions are still on the table.  The National Law Review offers analysis of changing tax regulations, interpreting legislation to answer questions related to tax credits like the Family and Medical Leave Tax Credit as well as Historic Tax Credit, and renewable energy tax credits.

The National Law Review also covers stories and news about nonprofit and for-profit organizations, and how the current tax legislation affects these companies. Among the topics covered on the site are transfer taxes, estate taxes, tangible and property tax law, bankruptcy, restructuring, and tax implications on real estate. From news about tax implications on multinational organizations involved in international deals and relations, to tax implications under ACA (Affordable Care Act) and HSA (health savings accounts), visitors will always find the latest tax law covered on National Law Review site.

Updates on Federal Agencies Related to Tax

The National Law Review provides news and coverage on federal taxing agencies including the Internal Revenue Service (IRS), Department of Treasury, and state and local government agencies, which dictate tax laws. For coverage on state, national, federal, and international taxes, and how TCJA affects these taxes, the National Law Review provides the latest, in-depth news coverage for its visitors.

Date Title Organization
21
Oct
Illinois Corporate Income Tax- Financial Organizations Horwood Marcus & Berk Chartered
21
Oct
Qualified Opportunity Zone Proposed Regulation Release Greenberg Traurig, LLP
20
Oct
IRS Issues Proposed Regulations for Qualified Opportunity Zone Funds Polsinelli PC
19
Oct
Further CBP Guidance on Craft Beverage Modernization Act McDermott Will & Emery
15
Oct
Weekly IRS Roundup October 8 – 12, 2018 McDermott Will & Emery
15
Oct
Focus on Finance: Tax Reform and the Banking Industry Revisited Bracewell LLP
12
Oct
Illinois Department of Revenue to Waive Penalty for Late Filing of Business Income Tax Returns Due October 15 McDermott Will & Emery
12
Oct
Federal Digital Goods Bill: Rules of the Road for State Sales and Use Taxation of Digital Goods and Services McDermott Will & Emery
11
Oct
CMA Study Into Statutory Audits Squire Patton Boggs (US) LLP
10
Oct
West Virginia to Impose Sales and Use Tax Collection Requirements on Remote Sellers Steptoe & Johnson PLLC
9
Oct
South Carolina Legislative Updates: SCEDA Bill and Tax Conformity Bill Womble Bond Dickinson (US) LLP
9
Oct
Eat, Drink, and Deduct (50 Percent At Least) Schiff Hardin LLP
9
Oct
Securities Group News: Disclosure Requirements for Tax-Exempt Bonds - Significant Changes Made by the SEC Under its Recently Amended Disclosure Rules Murtha Cullina
8
Oct
Weekly IRS Roundup October 1 – 5, 2018 McDermott Will & Emery
8
Oct
[Podcast]: Nuts and Bolts on a Management Buyout – Part 1 Proskauer Rose LLP
8
Oct
New CBMA Guidance Further Clarifies Excise Tax Rules for Imported Beverages McDermott Will & Emery
7
Oct
Notice 2018-76: Taking a Bite Out of the Business Expense Deductions for Meals, Entertainment Jackson Lewis P.C.
7
Oct
Proposed Regulations on Immediate Expensing Provide Greater Clarity for the Energy Industry Bracewell LLP
6
Oct
Wayfair and its Impact on Illinois’ Economic Nexus Legislation Horwood Marcus & Berk Chartered
5
Oct
Uncle Sam Is Buying Your Next Business Meal – at Least Half of It! McDermott Will & Emery

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