Tax News Highlights
Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.
Recent updates
Though a property tax increase is not included in Chicago’s recently approved budget, city taxpayers should expect other significant tax increases.
The IRS released a draft of Form 6765 and instructions, which includes increased requirements for calculating and substantiating credits.
Louisiana enacted multiple bills that made changes to its corporate income and franchise tax, individual income tax, and sales and use tax.
The IRS released Notice 2024-85, which clarifies the third-party transaction threshold for triggering a Form 1099-K requirement for 2024 and beyond.
FINCEN announced it will abide by a preliminary injunction to halt enforcement of the Corporate Transparency Act so long as it is in effect.
Bipartisan support for scrutinizing the tax-exempt status and community benefit requirements of not-for-profit hospitals continues.
Though a property tax increase is not included in Chicago’s recently approved budget, city taxpayers should expect other significant tax increases.
The IRS released a draft of Form 6765 and instructions, which includes increased requirements for calculating and substantiating credits.
Louisiana enacted multiple bills that made changes to its corporate income and franchise tax, individual income tax, and sales and use tax.
The IRS released Notice 2024-85, which clarifies the third-party transaction threshold for triggering a Form 1099-K requirement for 2024 and beyond.
FINCEN announced it will abide by a preliminary injunction to halt enforcement of the Corporate Transparency Act so long as it is in effect.
Bipartisan support for scrutinizing the tax-exempt status and community benefit requirements of not-for-profit hospitals continues.
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Related topics
Crowe tax professionals review the new Section 174 rules and address issues considering the limited IRS guidance.
Organizations need to consider environmental, social, and governance (ESG) tax planning to comply with potential requirement changes and be competitive.
The 2022 midterm elections created a lot of uncertainty and a divided Congress. How will that impact tax oversight and legislation?
Crowe tax professionals review the new Section 174 rules and address issues considering the limited IRS guidance.
Organizations need to consider environmental, social, and governance (ESG) tax planning to comply with potential requirement changes and be competitive.
The 2022 midterm elections created a lot of uncertainty and a divided Congress. How will that impact tax oversight and legislation?
