At RubinBrown, we provide valuable insights and host engaging, virtual and in-person events to keep you informed and connected to the topics and industries that matter most to you.
At RubinBrown, we provide valuable insights and host engaging, virtual and in-person events to keep you informed and connected to the topics and industries that matter most to you.
You may have read news that yesterday the Supreme Court granted the Department of Justice’s request to allow BOI reporting enforcement while the Texas Top Cop Shop court case imposing a nationwide reporting pause is ongoing. While that is true, a separate nationwide CTA/BOI reporting injunction is still in place from a different Texas case.
Learn moreNational Taxpayer Advocate Erin Collins recently submitted her annual report to Congress, which outlines the most serious problems taxpayers faced during the past year in dealing with the IRS. While the review began with positive news that the overall taxpayer experience has improved for the first time in years, the Employee Retention Credit (ERC) topped the ongoing problems list.
Learn moreOn December 23, 2024, a federal Court of Appeals granted a stay of the Texas district court’s preliminary nationwide injunction, which had temporarily paused Beneficial Ownership Information (BOI) reporting enforcement.
Read moreThe Ohio Commercial Activity Tax (CAT) will undergo changes beginning January 1, 2025. For calendar year 2025, the exclusion amount will increase from $3 million to $6 million. Taxpayers with $6 million or less in taxable gross receipts in 2025 will not be required to file a return with the Department of Taxation.
Learn moreOn December 3, 2024, a Texas district court found the Corporate Transparency Act (CTA) and its Beneficial Ownership Information (BOI) reporting rules “likely” unconstitutional. As a result, the court has temporarily paused the implementation and enforcement of the CTA and upcoming BOI deadlines nationwide with a preliminary injunction.
Learn moreEach year offers the opportunity to review your current and future expected tax brackets for moves to make. While each person’s situation varies, this article highlights a few tax planning considerations
Learn moreIllinois has enacted legislation that will transform the way the state imposes Retailer’s Occupation Tax (ROT) and Use Tax to leases of tangible personal property (TPP).
Learn MoreChanges are coming for businesses claiming the Research Tax Credit on Form 6765, Credit for Increasing Research Activities. Support documentation revisions for those claiming the credit on amended returns will soon apply to credits claimed on an original return as well. Form changes will require more information beginning with the 2025 tax year (unless postponed again by the IRS).
Read MoreThe Commonwealth of Massachusetts is administering a tax amnesty program from November 1, 2024, through December 30, 2024, waiving most penalties for all filing periods with a return due on or before December 31, 2024.
Read moreWith the November elections fast-approaching, proposed tax plans of each presidential candidate are emerging more clearly. As with any tax proposal, one person alone generally doesn’t seal the deal. The makeup of Congress plays a large role in a future tax landscape also, and control of the House of Representatives and Senate are up for grabs this fall as well.
Read MoreOver nearly the past two years, enacting tax legislation has stalled despite bipartisan efforts. The fate of changes in the near future likely depends on the outcome of this November’s elections.
Learn more & registerProposed 2024 property valuations are currently being published throughout the State of Illinois.
Learn more & registerIn Loper Bright, the U.S. Supreme Court recently overturned a long-standing case, Chevron, U.S.A., Inc. v. Natural Resources Defense Council, Inc., 467 U.S. 837 (1984), which created the “Chevron doctrine.”
Read MoreBusiness succession planning involving corporate owned life insurance in closely held corporations may warrant changes after a recent Supreme Court decision.
Read MoreA piece of the Tax Cuts and Jobs Act (TCJA) was recently brought into question at the highest legal level.
Read MoreThe SECURE Act of 2019 brought big changes to the retirement world, including the taxation of inherited retirement accounts.
Read MoreTax has remained in focus at all levels over the past several years. Included in this update are state and local tax highlights to be aware of in Missouri, Kansas, Illinois, and Tennessee, some of which may present refund opportunities depending upon your location and operations.
Read MoreAs of April 17, 2024, the Federal Audit Clearinghouse shows over 213 higher education institutions have claimed the Employee Retention Credit (ERC) for a total of approximately $719 million.
Learn more & registerThe Corporate Transparency Act (CTA), which mandates new Beneficial Ownership Interest (BOI) reporting to FinCEN, has been ruled unconstitutional by a federal district Court in Alabama.
Learn more & registerThe tax bill currently working its way through Congress passed the House of Representatives on Wednesday evening with a bipartisan 357-70 vote. While this is a big win for the bill’s progress, it still has to clear the Senate, who may delay its movement by debating on changes.
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