Tax Code Section News Today

On May 16, 2024, the Internal Revenue Service (IRS) issued further guidance (Notice 2024-41, the Additional Notice) intended to provide clarity and certainty surrounding the domestic...

What Are Gross Receipts? Gross receipts are sales of a business that form the basis for corporate t betrivers casino

Using IRAs to make QCDs can provide tax benefits, but only if mistakes are avoided.

On July 10, 2023, California Governor Gavin Newsom signed into law S.B. 131, which included a provision targeting the California state income tax treatment of incomplete gift...

On June 14, 2023, the Internal Revenue Service and the Treasury Department issued (among other guidance) an expansive set of proposed regulations explaining how taxpayers can monetize...

Texas Supreme Court found that a government entity cannot hire a lawyer for a contingent fee in case to challenge for higher tax appraisal value. Pecos Cnty Appraisal Dist and Kinder Morgan Prod Co v Iraan Sheffield Indep Sch Dist.

The Texas Supreme Court held that, while permitted in certain limited circumstances, a school district cannot pay a contingent fee to an attorney to litigate its challenge to increase...

On May 31, the Treasury Department issued proposed regulations (REG-110412-23) detailing how small solar and wind facilities located in or connected to low-income communities (LIC) can...

A reasonable analysis of the Buy America standards for manufactured products would have resulted in the qualified facility or energy project being treated as the end product. One would...

The Internal Revenue Service (IRS) released its initial guidance (the Advanced Energy Project (AEP) Notice, Notice 2023-18) establishing procedures for taking advantage of the renewed...