Tax Law News and Insights

Tax Tip: Delinquent Tax Debts & Passport Denials

Published: Dec 13, 2019
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The IRS is actively working with the State Department to deny passport applications and revoke existing passports of taxpayers with delinquent tax debts of $52,000 or more. In December 2015, Congress gave the IRS the authority to certify tax debt to the State Department, thereby listing individuals as ineligible for...

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PA Dept Of Revenue Releases Tax Bulletins Impacting Certain Deductions

Published: Dec 11, 2019
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The Pennsylvania Department of Revenue (DOR) has issued tax bulletins that impact the way hedging transactions and those associate with certain intangible income are taxed. This article was compiled to give Pennsylvania business owners and operators important information on how these changes may impact the ways they deduct certain types...

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IRS, Amazon Dispute Over Definition Of Intangibles

Published: Dec 09, 2019
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On April 12, 2019, attorneys for the IRS and Amazon, respectively, presented oral arguments in the United States Court of Appeals for the Ninth Circuit. This marks the start of the next round of arguments between the two parties concerning the value of intangibles transferred under Amazon's cost sharing arrangement...

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