Tax Law Defined™ Blog
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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...
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Application Portal for the Low-Income Communities Energy Investment Bonus Program Opens Oct. 19October 12, 2023 | Blogs
Applications for the low-income communities bonus credit program (the “Bonus Program”) under Int...
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Introducing the QSBS Guidebook for Family Offices and Private Equity FirmsOctober 12, 2023 | Qualified Small Business Stock (QSBS)
The combination of the 21% corporate income tax rate and the possibility of qualifying for Section 1...
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Kentucky Tax Talk: Taking Up the Dormant Commerce ClauseSeptember 20, 2023 | Blogs
This article was originally published in Law360 Expert Analysis. The commerce clause of the U.S. Con...
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Tax Amnesty in Kentucky Jeopardized by State’s ‘Punt’ on FundingSeptember 18, 2023 | Blogs
This article was originally published in Bloomberg Law Daily Tax Report. Many taxpayers, tax pract...
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IRS Presses Pause on Processing New ERC ClaimsSeptember 15, 2023 | Blogs
On September 14, the IRS announced that it would stop processing new claims for the Employee Reten...
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Navigating the Blockchain Landscape: Recent IRS Guidance on Convertible Virtual Currency and the Treasury’s Continued Delay Regarding Broker RegulationsAugust 29, 2023 | Blogs
This article explores recent developments in the U.S. federal taxation of virtual currencies by the ...
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ESOPs Encouraged but Do It Right! SECURE 2.0 ESOP Provisions and Expanded IRS FocusAugust 17, 2023 | Publications
The SECURE 2.0 Act of 2022 (SECURE 2.0), which was passed as 2022 wound down, expands on the Setting...