Published in Tax Notes on August 22, 2022 M&A activity started off strong in 2022, but due to economic and geopolitical uncertainty, it remains to be seen how the year will close.  When private equity sponsors make bolt-on acquisitions…

The New York State Legislature passed a bill (Bill No. A10519 / S08411) that would amend the administrative code of the city of New York and decouple from certain amendments made by the CARES Act (Pub. L. 116-136) to the Internal Revenue Code (“IRC…

As COVID-19 continues to spread across the country, state and local governments are racing to pass emergency relief measures to assist taxpayers directly impacted by the coronavirus pandemic and help prop up the slowing economy. State tax relief…

Article featured on Thomson Reuters’ Taxnet Pro , December 2019 On June 21, 2018, the U.S. Supreme Court decision in South Dakota v. Wayfair (“Wayfair”), 585 U.S. ___ (2018), overturned the long-standing precedent embraced 26 years earlier in…

For many years, based on a prior U.S. Supreme Court decision, a business had to have physical presence (generally property or employees, permanent or transitory) in a state for such state to be able to require an out-of-state seller to collect and…

The 2017 Tax Cuts and Jobs Act which reduced the U.S. corporate federal income tax rate to 21 percent and created an incentive for companies to repatriate foreign earnings, also helped boost interest in domestic investment. The U.S. became a more…

Introduction On December 22, 2017, the United States Congress enacted Public Law 115-97, known as the “Tax Cuts and Jobs Act” (“TCJA”), which has been noted as the largest overhaul to the U.S. Internal Revenue Code (“IRC”) since 1986. As a result…