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Tax Blog

Tips to help your prepare for tax season

Will North Carolina Reduce its Franchise Tax?

Tax Policy - Will North Carolina Reduce its Franchise Tax? North Carolina Senate Finance Committee Chairs Ralph Hise (R), Paul Newton (R), and Jerry W. Tillman (R) this month introduced Senate Bill 622, the Tax Reduction Act of 2019. This bill includes several...

Oregon Introduces Gross Receipts Tax Legislation to Beat the Clock

Tax Policy - Oregon Introduces Gross Receipts Tax Legislation to Beat the Clock On Thursday evening, the Oregon Joint Committee on Student Success held a hearing on House Bill 2019 and two amendments. The first amendment outlines the Committee’s plans to improve...

Safe harbor issued for valuing pro sports trades

IRS Tax News - Safe harbor issued for valuing pro sports trades The IRS will permit professional sports teams that trade player contracts to recognize zero gain if both parties to the exchange adopt the safe harbor and do not exchange cash. Source: IRS Tax...

AICPA asks government to issue more QBI deduction guidance

IRS Tax News - AICPA asks government to issue more QBI deduction guidance The AICPA asked Treasury and the IRS to issue additional guidance on Sec. 199A beyond the recently finalized regulations and a proposed revenue procedure in the form of a notice on a safe...

Recapping the 2019 Arkansas Tax Reform

Tax Policy - Recapping the 2019 Arkansas Tax Reform The Arkansas General Assembly  concluded its 2019 session after accomplishing one of its key priorities, tax reform. After two years of intense debate and study, the Natural State has passed a series of tax...

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