June 24, 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
22
Jun
Don’t File Fraudulent Returns Because Amending Them Will Not Help McDermott Will & Emery
22
Jun
Supreme Court Opens the Doors for States to Tax More Online Sales Polsinelli PC
22
Jun
The Week Ahead in the European Parliament – June 22, 2018 Covington & Burling LLP
22
Jun
U.S. Supreme Court Overturns Quill: Online Sellers Can Now be Compelled to Collect Sales Tax Sills Cummis & Gross P.C.
22
Jun
Supreme Court Overturns the Quill Physical Presence Test for State Tax Collection Varnum LLP
21
Jun
BREAKING NEWS: US Supreme Court Overrules Quill McDermott Will & Emery
20
Jun
IRS Is “All Hands on Deck” to Provide Guidance Related to Tax Reform McDermott Will & Emery
19
Jun
Tax Reform Insight: IRS Doubles Down on Retention of 2017 Overpayments to Satisfy Future Section 965 Installment Payments McDermott Will & Emery
18
Jun
Applicable Federal Rates and Code Section 7520 Rate for July 2018 – Upward Trend Continues Greenberg Traurig, LLP
18
Jun
Yeehaw! McDermott’s Tax Weekly Round Up McDermott Will & Emery
18
Jun
Illinois Budget Bill Makes Few Tax Changes except the Adoption of an Economic Nexus Standard McDermott Will & Emery
15
Jun
Connecticut Tax Laws Respond To Federal Limitation On State And Local Tax Deduction Wiggin and Dana LLP
15
Jun
Following Repeal of the Individual Mandate, Twenty States Challenge the Affordable Care Act Sheppard, Mullin, Richter & Hampton LLP
15
Jun
What is a whistleblower reward? Zuckerman Law
14
Jun
Keystone State Targets the Gig Economy: Pennsylvania’s New Nonemployee Withholding and Reporting Requirements Ogletree, Deakins, Nash, Smoak & Stewart, P.C.
14
Jun
June 14, 2018 - Tax Group News: Connecticut Department of Revenue Services Issues Further Guidance on Connecticut Pass-Through Entity Tax Murtha Cullina
14
Jun
El nuevo caso de florida facilita las asociaciones público-privadas Bilzin Sumberg
14
Jun
IRS Releases FAQs on Paid Family and Medical Leave Credit McDermott Will & Emery
12
Jun
A Richer Understanding of What’s Already Understood – Treasury Issues Proposed Regulations to Clarify the Meaning of “Investment-Type Property” in an Already Obvious Way Squire Patton Boggs (US) LLP
12
Jun
IRS Doubles Down on Retention of 2017 Overpayments to Satisfy Future Section 965 Installment Payments McDermott Will & Emery

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