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Tax Alerts

Subscribe today to receive tax updates at the frequency you prefer. Tax Alerts offer timely notification of the latest changes in federal, state and international tax legislation, court rulings and tax authority positions, distributed as the news breaks. Tax Alerts Roundup compiles each of these alerts in a biweekly newsletter for your convenience.

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most recent tax alerts

IRS finalizes partnership liability regulations

IRS finalizes partnership liability regulations

The IRS has finalized rules for bottom-dollar guarantees under the disguised sale rules and for partnership liability allocations generally.

  • Don Susswein, Kyle Brown, Lauren Van Crey
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  • October 11, 2019
IRS issues new digital asset guidance

IRS issues new digital asset guidance

New IRS cryptocurrency guidance provides much needed clarity but may require changes to returns not yet filed.

  • Jamison Sites, Wes Jamieson
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  • October 10, 2019
Supreme Court will not hear Sunoco $300 million fuel credit case

Supreme Court will not hear Sunoco $300 million fuel credit case

Supreme court will not hear case arguing that taxpayers can exclude the fuel tax credit from income and also deduct the tax as an expense.

  • Tom Windram, Trina Pinneau
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  • October 09, 2019
Corporation's negligence penalty upheld, lack of reasonable cause

Corporation's negligence penalty upheld, lack of reasonable cause

Court found corporation did not have reasonable cause and good faith for its understatement of tax in upholding a negligence penalty.

  • Evan Stone, Trina Pinneau
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  • October 08, 2019
IRS limits reporting on foreign corporations

IRS limits reporting on foreign corporations

Proposed rules limit the impact and reduce the reporting burden caused by tax reform changes to CFC ownership rules.

  • Ramon Camacho, Jamison Sites
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  • October 07, 2019
IRS releases draft 2019 Schedule K-1s

IRS releases draft 2019 Schedule K-1s

Recently released draft 2019 Schedule K-1s showcase a major shift in reporting that may begin with the next filing season.

  • Ed Decker, David Zangrilli, Kyle Brown
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  • October 07, 2019
Pennsylvania will use economic nexus standard for income taxes

Pennsylvania will use economic nexus standard for income taxes

Pennsylvania Department of Revenue issues guidance that administratively implements economic nexus for corporate net income tax.

  • Rob Van Gulick, David Brunori , Matt Wilk
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  • October 03, 2019
Wisconsin finalizes new corporate nexus rules

Wisconsin finalizes new corporate nexus rules

Wisconsin published final regulations on corporate income tax nexus. The new regulations establish 15 day activity threshold.

  • Zach Rieboldt, David Brunori , Joe Wessbecker
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  • October 03, 2019
Apparel company’s R&D credit claim fails in court

Apparel company’s R&D credit claim fails in court

A court found that conclusory statements without additional evidence were insufficient to support an R&D credit study.

  • Tom Windram, John Deininger
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  • October 03, 2019
S corporation loses AAA balance following revocation of status

S corporation loses AAA balance following revocation of status

A federal district court agreed with the IRS that an S corporation’s AAA balance resets to zero following a switch to C corporation status.

  • Ed Decker, Nick Passini
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  • October 02, 2019