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 on NOL...

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 tax...

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...

IRS Tax News - IRS grants broad coronavirus-related tax relief The IRS granted relief for a broad array of tax filing and payment deadlines that fall between April 1 and July 15, expanding on previous relief, as requested by the AICPA. Source: IRS Tax News...

Tax Policy - Trade-offs of Delaying Tax Filing and Instituting a Payroll Tax Holiday on Businesses and Individuals Some policymakers are proposing a payroll tax holiday for businesses and individuals for 2020 and a complete delay in filing deadlines for tax year...