In CIC Services, LLC v. IRS,1 the U.S. District Court for the Eastern District of Tennessee invalidated Notice 2016-66 for failing to comply with the Administrative Procedure Act
Continue Reading Court Invalidates IRS Notice 2016-66 on Micro-Captive Transactions, the Second Time an IRS Notice Was Vacated This Month

On 16 February 2022, the Netherlands and Colombia signed a tax treaty for the elimination of double taxation and the prevention of tax evasion and avoidance. The Treaty prevents double

Continue Reading The Netherlands and Colombia Have Signed a Tax Treaty

Restaurants may be eligible to file refund claims for the employee retention credit because of late-published IRS guidance on PPP loan forgiveness, part-time workers, and tip income.

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Continue Reading Restaurant Businesses Entitled to Favorable Employee Retention Credit Treatment

Senate Bill 113 (SB 113), which Gov. Newsom signed into law Feb. 9, 2022, contains important California tax law changes, including reinstatement of business tax credits and net operating loss
Continue Reading California SB 113 Eliminates Suspension on NOL Deductions, Lifts Limitation on Use of Tax Credits, and Expands Elective Pass-Through Entity Tax

As this year’s filing deadline of Feb. 15, 2022 approaches, those representing nonprofit organizations with California properties may wish to determine whether their clients are eligible for any applicable exemption,
Continue Reading California Property Tax Exemptions for Nonprofits – Annual Filings Due Feb. 15, 2022

In March 2021, the Council of the European Union adopted Directive 2021/514 amending – for the sixth time – Council Directive 2011/16/EU on administrative cooperation in the field of taxation
Continue Reading EU’s DAC7: New Tax Reporting Obligations for Platform Operators

Companies that took advantage of the payroll tax deferral under the Coronavirus Aid, Relief, and Economic Security (CARES) Act should be aware of an IRS position regarding repayment of the
Continue Reading Late Payment of Deferred Payroll Taxes Under CARES Act Could Result in Harsh Consequences