Tax Law Defined™ Blog
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$1.2 Billion Tax Refund and $400 Million Annual Tax Cut Proposed for Tennessee BusinessesFebruary 8, 2024 | Blogs
Tennessee Governor Bill Lee delivered the State of the State address on February 5, 2024, in which h...
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Regional Round-Up: Added License Rights and Limited Self-Distribution for Craft Distilleries in Kentucky and West VirginiaFebruary 8, 2024 | Publications
As an update to our past regional round-ups in the alcohol space, Kentucky and West Virginia continu...
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New Tennessee Business Tax Filing and Licensing ThresholdsFebruary 6, 2024 | Publications
The Tennessee business tax is a privilege tax on the privilege of doing business by making sales of ...
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Maximizing Section 1202’s Gain ExclusionJanuary 17, 2024 | Qualified Small Business Stock (QSBS)
The combination of the 21% corporate federal income tax rate and the possibility of qualifying for S...
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Let’s Talk About SaaS, Baby: Kentucky’s Recent Taxing of Software as a Service Compared With Its Neighbor StatesJanuary 8, 2024 | Blogs
Recent Kentucky tax legislation continued to expand the landscape of services subject to sales and u...
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Kicking the Bottle Down the Road: Big Bourbon Breathes a Sigh of ReliefDecember 20, 2023 | Blogs
As a major update to our recent article, trade representatives for the European Union (EU) announced...
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Michigan Court of Claims Gives Taxpayers Clarity on Appeals Prerequisite of Paying Uncontested Portion of Tax AssessmentDecember 8, 2023 | Blogs
As a prerequisite to the tax appeal process in Michigan, a taxpayer must pay the uncontested portion...
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Manufacturers Beware: The Impact of Stricter 163(j) Deductibility Amid Rising Interest RatesNovember 17, 2023 | Blogs
The Tax Cuts and Jobs Act of 2017 (TCJA) introduced significant changes to the deduction of business...
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Kentucky Tax Talk: Clash Over Industrial Supplies ExemptionNovember 14, 2023 | Blogs
This article was originally published in Law360 Tax Authority. On Dec. 15, 2022, the Kentucky Supre...
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U.S. Supreme Court Passes on Dormant Commerce Clause ChallengeNovember 6, 2023 | Blogs
While some were speculating that a recent Kentucky severance tax case may lead to a new Dormant Comm...
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Conversions, Reorganizations, Recapitalizations, Exchanges and Stock Splits Involving Qualified Small Business Stock (QSBS)October 26, 2023 | Qualified Small Business Stock (QSBS)
Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholder...
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IRS Establishes Withdrawal Procedures for Questionable ERC ClaimsOctober 24, 2023 | Blogs
On October 19, the Internal Revenue Service (IRS) announced the process for concerned employers to w...