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IRS takes first steps on Trump tax law as dueling narratives emerge
The Internal Revenue Service has begun publicly addressing elements of the Trump-backed tax law passed on Independence Day – informally...

FirenzeCapitalAdvisors
Jul 188 min read


Senate Finance Republicans generally align with House-passed plan, but key differences remain
Senate Finance Committee Chairman Mike Crapo (R-Idaho) released the tax portion of the Senate’s version of the One Big Beautiful Bill Act...

FirenzeCapitalAdvisors
Jun 1989 min read


Senate Republicans wrap second week of negotiations on ‘One Big Beautiful Bill Act’
Senate Republicans have concluded a second week of internal negotiations on the One Big Beautiful Bill Act, a sweeping legislative...

FirenzeCapitalAdvisors
Jun 134 min read


House Ways and Means Republicans unveil second phase of sweeping tax package
Following last week’s initial release of the first portion of the Ways and Means Committee’s tax bill, focused primarily on select...

FirenzeCapitalAdvisors
May 133 min read


Trump addresses GOP at retreat, Republicans strategize on how to pass a budget reconciliation bill
In a speech covering a host of issues including border security, energy, defense, tariffs, and more, President Trump at a House...

FirenzeCapitalAdvisors
Jan 317 min read


Ways and Means Republicans reintroduce bill to impose additional taxes, executive order on IRA funding unveiled
Shortly after President Donald Trump issued a number of executive orders on energy and trade, legislation was introduced in the House...

FirenzeCapitalAdvisors
Jan 275 min read


Trump Administration’s America First Trade Policy, Potential Tariffs on Horizon for Mexico/Canada/China Goods, CBP Proposed Action to Limit De Minimis Rule
Trump administration’s America First Trade Policy, potential tariffs on horizon for Mexico/Canada/China goods, CBP proposed action to...

FirenzeCapitalAdvisors
Jan 237 min read


Trump says global tax deal has no “force or effect” in US, orders government hiring freeze with more scrutiny for the IRS
As Donald Trump took the oath of office as the forty seventh president of the United States, he issued a number of executive orders on...

FirenzeCapitalAdvisors
Jan 225 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...

FirenzeCapitalAdvisors
Feb 2, 20241 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...

FirenzeCapitalAdvisors
Jan 26, 20248 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...

FirenzeCapitalAdvisors
Jan 26, 20241 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....

FirenzeCapitalAdvisors
Jan 26, 20242 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.

FirenzeCapitalAdvisors
Jan 19, 20241 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.

FirenzeCapitalAdvisors
Jan 19, 20248 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...

FirenzeCapitalAdvisors
Jan 16, 20246 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...

FirenzeCapitalAdvisors
Dec 19, 20231 min read


South Carolina: Amended ALJ Ruling Still Says Taxpayer Must File a Combined Return
Docket No. 19-ALJ-17-0416-CC: Order Granting Motion for Reconsideration & Amended Order, S.C. Admin. Law Ct. (12/4/23). Granting the...

FirenzeCapitalAdvisors
Dec 9, 20231 min read


New York ALJ Denies Refund Request for Remote Work Performed Before and During COVID-19 Pandemic
Determination DTA Nos. 830517 and 830681, N.Y. Div. of Tax App., ALJ Div. (11/30/23). In a case involving a nonresident couple claiming a...

FirenzeCapitalAdvisors
Dec 8, 20232 min read


Third-party payment processors and recipients get extra year of relief
The IRS announced November 21 that it will extend for one additional year the transition relief from the enforcement of the more...

FirenzeCapitalAdvisors
Dec 5, 20232 min read


Digital Creator Taxability
Fundamentals of Sales Tax for Digital Creators

FirenzeCapitalAdvisors
Nov 27, 20233 min read
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