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FirenzeCapitalAdvisors
Nov 27, 20233 min read
Digital Creator Taxability
Fundamentals of Sales Tax for Digital Creators
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FirenzeCapitalAdvisors
Nov 22, 20249 min read
Republican congressional leaders eye 2025 tax agenda
In the second week of the post-election lame duck session, Republicans on Capitol Hill directed their attention to next year when they...
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FirenzeCapitalAdvisors
Aug 5, 202412 min read
Calculation of gain or loss on digital asset transactions: Summary of final rules
Calculation of gain or loss on digital asset transactions: Summary of final rules
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FirenzeCapitalAdvisors
Feb 2, 202411 min read
Bipartisan tax bill clears House, but Senate prospects remain uncertain
In a rare display of substantive bipartisanship in this Congress, the House on January 31 voted 357-70 to approve the Tax Relief for...
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FirenzeCapitalAdvisors
Feb 2, 20241 min read
Indiana: Updated Bulletin on Local Income Taxes Addresses State Law Changes Involving Mobile Workforce
Information Bulletin No. 32: General Information on Local Income Taxes, Ind. Dept. of Rev. (rev. 1/24). The Indiana Department of Revenue...
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FirenzeCapitalAdvisors
Jan 26, 20248 min read
Johnson preps for post-recess House vote on Smith-Wyden tax package
House Speaker Mike Johnson, R-La., took preliminary steps this week to hold a floor vote after lawmakers return from recess on January 29...
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FirenzeCapitalAdvisors
Jan 26, 20242 min read
IRS publishes transitional guidance for reporting of digital asset payments
On 16 January 2024, the US Internal Revenue Service (IRS) released Announcement 2024-4clarifying that, until regulations are published,...
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FirenzeCapitalAdvisors
Jan 26, 20241 min read
South Carolina Appellate Court Affirms Online Marketplace Owes Tax on Third-Party Sales
Case No. 2019-001706, S.C. Ct. of App. (1/24/24). The South Carolina Court of Appeals (Court) affirmed that based on the underlying facts...
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FirenzeCapitalAdvisors
Jan 26, 20241 min read
Washington: Merchants Owe Taxes on Online Marketplace Transactions Fulfilled Using Third-Party’s Service Program
Case No. 39321-6-III, Wash. Ct. App. (1/23/24). In an unpublished opinion involving the nonpayment of Washington sales taxes for the...
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FirenzeCapitalAdvisors
Jan 26, 20241 min read
Pennsylvania: Philadelphia DOR Issues Wage Tax Refund Guidance for Nonresidents Required to Work Remotely
Posts – Philly taxes: Revenue releases new guidelines for non-resident wage refunds, City of Philadelphia Dept. of Rev. (1/17/24). The...
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FirenzeCapitalAdvisors
Jan 26, 20242 min read
New Jersey: Updated Bulletin Reflects CBT Law Changes Involving Bright-Line Economic Nexus
Tax Bulletin No. TB-108: Nexus for Corporation Business Tax for Privilege Periods Ending on and after July 31, 2023, N.J. Div. of Tax....
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FirenzeCapitalAdvisors
Jan 19, 20241 min read
Ohio: Updated Information Releases Address 2023 Law Changes to CAT Exclusion and Annual Minimum Tax
Two updated Ohio commercial activity tax (CAT) information releases
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FirenzeCapitalAdvisors
Jan 19, 20241 min read
New Jersey: New Bulletin Addresses Conformity with IRC §174 and Recent R&D Credit Law Changes
A new administrative bulletin reflects 2023 law changes to the state corporation business tax.
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FirenzeCapitalAdvisors
Jan 19, 20248 min read
Additional guidance on treatment of section 174 research or experimental expenditures
The Department of the Treasury and the IRS have issued guidance on the treatment of research or experimental expenditures.
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FirenzeCapitalAdvisors
Jan 16, 20246 min read
Smith-Wyden tax package includes business tax relief, child tax credit enhancements, and more
After months of behind-the-scenes negotiations, House Ways and Means Committee Chairman Jason Smith, R-Mo., and Senate Finance Committee...
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FirenzeCapitalAdvisors
Dec 21, 20232 min read
JCT releases ‘Blue Book’ for tax legislation enacted in the 117th Congress
The Joint Committee on Taxation (JCT) staff on December 21 released a “Blue Book“ providing a general explanation of provisions in the...
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FirenzeCapitalAdvisors
Dec 20, 20231 min read
Pennsylvania: New Law Modifies Tax Treatment of Certain Grantor Trusts
S.B. 815, signed by gov. 12/14/23. Effective for tax years beginning on or after January 1, 2025, new law makes changes to the taxation...
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FirenzeCapitalAdvisors
Dec 19, 20231 min read
California Superior Court Declares Franchise Tax Board’s P.L. 86-272 Guidance Invalid
Case No. CGC-22-601363, Cal. Super. Ct. (12/13/23). In a lawsuit involving an industry trade association challenging the validity of the...
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FirenzeCapitalAdvisors
Dec 16, 20233 min read
Court addresses FBAR requirement for dual residents with treaty foreign residency
On 20 November 2023, the US District Court for the Southern District of California ruled that an individual who was a lawful permanent...
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FirenzeCapitalAdvisors
Dec 15, 20231 min read
Tennessee: Letter Ruling Says Corporate Member May Utilize SMLLC’s Credits Following Merger
Letter Ruling No. 23-09, Tenn. Dept. of Rev. (11/3/23). In a redacted letter ruling involving a single member limited liability company...
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