Guidance on NOL carryback and tentative carryback adjustments
IRS Tax News – Guidance on NOL carryback and tentative carryback adjustments The IRS issued procedures to elect to forgo net operating loss carryback and extension of time to file tentative carryback adjustments. Source: IRS Tax News – Guidance...Tennessee Governor Signs Marketplace Facilitator Bill as Louisiana Considers the Same
Tax Policy – Tennessee Governor Signs Marketplace Facilitator Bill as Louisiana Considers the Same In the midst of coronavirus responses and accompanying hits to state revenue, some states that had previously held out are looking to expanded online sales...Kentucky Legislature Passes Flawed Excise Tax on Vapor Products
Tax Policy – Kentucky Legislature Passes Flawed Excise Tax on Vapor Products Early this month, state legislators in Kentucky passed a revenue package (HB351) which includes an excise tax increase on vapor products. The bill divides vapor products into two...New Taxpayer Advocate on the Job Early
Collins, recently named the new National Taxpayer Advocate, has started her new position ahead of time in order to provide the Taxpayer Advocate Service (TAS) with complete leadership during this unsettled time.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Upstate Tax Professionals