On May 13, 2020, the U.S. Treasury Department and Internal Revenue Service issued proposed regulations under Sections 162(f) and 6050X of the Internal Revenue Code regarding the disallowance of deductions for certain amounts...more
5/29/2020
/ Civil Monetary Penalty ,
Corporate Fines ,
Corporate Taxes ,
Enforcement Actions ,
IRS ,
Public Comment ,
Remediation ,
Restitution ,
Section 162(f) ,
Section 6050X ,
Settlement ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
U.S. Treasury
The first order of business for many state tax authorities in response to COVID-19 was deciding whether to extend their respective income tax filing and payment deadlines for the 2019 tax year, either automatically by...more
4/8/2020
/ Apportionment ,
CARES Act ,
Coronavirus/COVID-19 ,
Federal v State Law Application ,
Filing Deadlines ,
Income Taxes ,
IRS ,
Net Operating Losses ,
Nexus ,
Remote Working ,
State of Emergency ,
State Tax Equalization Boards ,
State Taxes ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Tax Incentives ,
Tax Relief ,
Telecommuting ,
Time Extensions ,
Withholding Requirements