In California, spring flowers may bring tax dollars as state Senate Democrats propose increasing the corporate tax rate along with other changes and the California Supreme Court agreed with the

Continue Reading More Taxes in California’s 2023-2024 Budget Plan; CA Supreme Court Declines to Review Sales Tax Case

On April 4, the Internal Revenue Service issued Notice 2023-29 (the Notice), which describes certain rules the IRS intends to include in proposed regulations for qualifying for the energy community

Continue Reading IRS Issues Guidance for Developers, Investors Seeking to Qualify for Energy Community Bonus Credits Under Inflation Reduction Act

In the third episode of GT’s state and local tax podcast – GeTtin’ SALTy – host Nikki Dobay talks to Brad Marsh, Co-chair of GT’s U.S. State and Local Tax

Continue Reading GeTtin’ SALTy Episode 3 | A Conversation About the California State Board of Equalization and ACA 11

On April 7, 2023, the Second District of the California Court of Appeal published a landmark opinion on California property tax law that expands the tax-exempt status of intangible assets

Continue Reading California Court of Appeal Landmark Opinion Expands Intangible Asset Exemption from Property Tax Assessment

On April 10, 2023, the U.S. Treasury Department issued proposed regulations identifying certain micro-captive transactions as listed transactions or transactions of interest for purposes of the disclosure rules for taxpayers

Continue Reading IRS Proposed Regulations Identify Micro-Captive Transactions as Listed Transactions – Responding to CIC Services Decision

On April 3, 2023, the U.S. Tax Court ruled in Farhy v. Commissioner[1] that the IRS lacks statutory authority to assess Form 5471 penalties under I.R.C. § 6038(b)(1) or

Continue Reading IRS Lacks Statutory Authority to Assess International Information Return Penalties: U.S. Tax Court

In the second episode of GT’s state and local tax podcast – GeTtin’ SALTy – host Nikki Dobay talks to Jared Walczak, Vice President of State Projects at the Tax

Continue Reading GeTtin’ SALTy Episode 2 | A Conversation with Jared Walczak, VP of State Projects at the Tax Foundation

In the inaugural episode of GT’s state and local tax podcast – GeTtin’ SALTy – host Nikki Dobay is joined by Morgan Scarborough, VP of Tax Policy at MultiState Associates

Continue Reading GeTtin’ SALTy Episode 1 | Q1 SALT Legislative Update: A Conversation with Morgan Scarborough of MultiState Associates