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
In this episode of GeTtin’ SALTy, host Nikki Dobay is joined by Jeff Newgard, principal at Peak Policy, to discuss the Oregon legislative session as well as a bill
Continue Reading GeTtin’ SALTy Episode 4 | It’s Raining Taxes in Portlandia
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
This GT Alert highlights some of the legislative trends in state and local tax that emerged during Q1 2023.
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