Leanne Scott and Nick Smetana will present on "Significant 2024 SALT Updates & Examples of Commonly Missed 'Other' Items" at the Maine Tax Forum on November 6, 2024. Join them virtually to learn about: timely and important state and local tax developments, year-to-date, with a focus on the New England
On July 18, 2024, the Department of the Treasury and the Internal Revenue Service issued final regulations updating the required minimum distribution (RMD) rules. The Treasury press release may be found here, and full final regulations can be found online on the Federal Register here. Occasionally, tax bills or regulations
Verified Trauma Centers are a key health care asset to the communities that they serve. At the most basic level, a Trauma Center offers total care for every aspect of injury—from prevention through rehabilitation and including issues of immediate survival. Formal verification for a Trauma Center is evaluated by the
A majority of the justices see Sec. 965 as a valid tax. But they reach that conclusion by categorizing it as simply another variant of passthrough taxes rather than a portal to a world of new, unbridled wealth taxes.
Transferable tax credits are incentives provided by the government to promote specific activities, such as clean energy production. These credits can be transferred from the original recipient (e.g., a solar developer or wind farm owner) to a third-party buyer (the financial institution). Payment for the credit must be in cash. Credits may only be transferred once but can be sold in full or as a portion of the credit. Eligibility depends on the type of credit. There are several benefits to transferring credits, and we’ll get into those a bit later in this article.  Â
While many institutions and industry experts anticipated a credit downturn during the turbulent years of the coronavirus pandemic, high levels of credit losses have yet to materialize. That said, there have been recent signals and concern that credit quality may start to crack. Credit card and auto loan delinquencies have
Lori Paci and Jamie E. Szal of Brann & Isaacson will be speaking in an upcoming Strafford live webinar, "Avoiding Common Sales Tax Compliance Errors: Monitoring Nexus Guidelines, Rate Changes, and Exemptions". Monitoring sales tax compliance is process that requires consistency and has many potential pitfalls. The abundant number of