Tax Law Defined™ Blog
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Want to Use the Money in Your IRA for Loans or Certain Related Investments? Think AgainMarch 22, 2023 | Blogs
Many individuals have accumulated significant funds in their individual retirement accounts (IRAs), ...
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IRS Proposes 401(k) Forfeiture RulesMarch 21, 2023 | Publications
On February 27, the Internal Revenue Service (IRS) issued proposed regulations on when and how forfe...
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Kentucky’s Bourbon Barrel Tax May Be Headed Toward Bitter EndingMarch 16, 2023 | Blogs
*This article was originally published in Bloomberg Tax. There were reportedly more than 11.5 mill...
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Relief for Reporting RMDs for IRAs in 2023March 16, 2023 | Blogs
On March 7, 2023, the Internal Revenue Service (IRS) released Notice 2023-23, which provides guidanc...
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Tax Bills Passed During 2023 West Virginia Legislative SessionMarch 13, 2023 | Blogs
The most discussed issue during West Virginia 2023 Legislative Session was Governor Jim Justice’s ...
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Inflation Reduction Act – Clean Energy Tax CreditsMarch 13, 2023 | Publications
The Inflation Reduction Act of 2022 (the “IRA” or “Act”) presents an opportunity to signific...
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Kentucky Tax Talk: Trouble With the Incentive Oversight BillMarch 10, 2023 | Blogs
This article was originally published in Law360’s Tax Authority Expert Analysis. In 2022, Ke...
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Navigating Section 1202’s Redemption (Anti-churning) RulesMarch 10, 2023 | Blogs
Section 1202 provides for a substantial exclusion of gain from federal income taxes when stockholder...
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Initial IRS Guidance on Two Energy Investment Tax Bonus CreditsMarch 8, 2023 | Blogs
On February 13, 2023, the U.S. Treasury Department, together with the U.S. Department of Energy (DOE...
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Tax Avoidance vs. Tax EvasionMarch 8, 2023 | Blogs
Many CPAs and lawyers do not know the difference between conduct that is tax avoidance versus conduc...
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Indiana Enacts SALT Deduction Cap WorkaroundMarch 7, 2023 | Blogs
The Indiana General Assembly unanimously passed its first enacted law of the 2023 legislative sessio...
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Think Twice Before Agreeing to Contribute to a Multiemployer Pension Plan, Especially if It Is Not a...March 1, 2023 | Blogs
This article was republished in the Employee Relations Law Journal. Many union employers agree to co...