Search Results (10506)
Documents on taxation
Show: results per page
|Oregon Tax Court Rules Electricity Sales to California Purchasers May Not Be Sourced to Oregon|
Eric J. Coffill, Michael J. Kerman; Sutherland Asbill & Brennan LLP;
August 24, 2016, previously published on August 23, 2016On remand from the Oregon Supreme Court, the Oregon Tax Court ruled that receipts from sales of electricity to California purchasers cannot be sourced to Oregon. The Oregon Supreme Court had ruled in Powerex Corp. v. Dept. of Rev., 357 OR. 40 (2015) that sales of electricity are sales of tangible...
|IRS Issues First Partnership Audit Regulations|
Charles M. Ruchelman; Caplin & Drysdale, Chartered;
August 23, 2016, previously published on August 8, 2016On August 4, 2016, the Treasury Department issued its first temporary regulations under the new partnership audit and collection regime found in the Bipartisan Budget Act of 2015 (“BBA”). For partnership tax procedure practitioners, the regulations are interesting reading. The new...
|Tax Treatment of Wellness Program Benefits|
Patrick Folley; Heyl, Royster, Voelker & Allen Professional Corporation;
August 23, 2016, previously published on Summer 2016The IRS Office of Chief Counsel recently released a memorandum providing guidance on the proper tax treatment of workplace wellness programs. Workplace wellness programs cover a range of plans and strategies adopted by employers to counter rising healthcare costs by promoting healthier lifestyles...
|IRS Issues Temporary Regulations on Early Election Into New Partnership Audit Procedures|
Jeremiah Coder, Scott E. Fink; Greenberg Traurig, LLP;
August 23, 2016, previously published on August 11, 2016Making good on its promise to deliver guidance, on Aug. 4 the IRS issued temporary regulations that spell out the circumstances under which partnerships can elect into the new partnership audit regime that was enacted by Congress at the end of 2015.
|IRS Makes Filing an 83(b) Election Easier|
Alexander Song; Mintz Levin Cohn Ferris Glovsky Popeo P.C.;
August 23, 2016, previously published on August 16, 2016On July 25, 2016, the IRS finalized regulations under Section 83 of the tax code that removes a procedural step in the process of filing an 83(b) election.
|Ability of Insurance Carriers in California to Obtain Insureds’ Income Tax Returns Despite the Income Tax Privilege|
Douglas K. Wood; Morris Polich & Purdy LLP;
August 22, 2016, previously published on July 29, 2016California Insurance Code Section 2071 acknowledges that tax returns are privileged but may be necessary for a carrier to process a claim.1 However, in practice, when an insured or their representative asserts the income tax privilege, often that is the end of the discussion. That need not be the...
|Tennessee Takes Out-of-State Sales Tax into Its Own Hands|
James L. Jim Catanzaro, Nicole Osborne; Chambliss, Bahner & Stophel, P.C.;
August 18, 2016, previously published on July 20, 2016Currently, only out-of-state retailers with a physical presence, including personnel, in Tennessee are considered to have a "nexus" with the state. This means they are required to collect and remit sales or uses tax on all sales, whether orders are taken in person, by phone, or by mail....
|Changes to India-Mauritius-Singapore Tax Treaties - Mind the Gap?|
Duane Morris LLP;
August 17, 2016, previously published on August 1, 2016As many are now aware, the double tax avoidance arrangement (DTAA) between India and Mauritius was amended through the protocol released last month. The direct impact summarized in one line is as follows:
|Opting-In: Treasury Regulations Provide Rules for Electing into the New Partnership Audit Regime Early|
Robert S. Chase, Reginald J. Clark, Thomas A. Cullinan, Joseph M. DePew, Daniel R. McKeithen; Sutherland Asbill & Brennan LLP;
August 17, 2016, previously published on August 15, 2016As reported in a prior Sutherland Legal Alert, the Bipartisan Budget Act of 2015 (the 2015 Budget Act) makes significant changes to the procedural rules governing federal income tax audits and judicial proceedings that apply to partnerships and other entities (such as limited liability companies or...
|School Is Out and Summer Employment Is In: Tax Tips for Students|
Duane Morris LLP;
August 17, 2016, previously published on July 21, 2016Employment during the summer is a great opportunity for students to build a résumé, gain experience, create valuable connections and develop some financial independence. Summer jobs can also provide students with spending money, assist with college tuition payments (or more...