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DW Tax Blog Blog

Articles: 1-10 of 224

IRS Independent Office of Appeals

USA - November 4 2021 When dealing with the Internal Revenue Service during the initial stages of a tax case, whether it involves an audit, collection issue, request for…

Bill C-208: Intergenerational Business Transfers

Canada - October 26 2021 On June 29, 2021, Bill C-208 was granted Royal Assent and became law in Canada. Bill C-208 amended the Income Tax Act (Canada) (the “Act”) to provide…

The SALT Cap and State Taxation of Pass-Through Entities

USA - October 11 2021 Among the many significant changes in the 2017 Tax Cut and Jobs Act (TCJA), individual taxpayers’ deductions for state and local taxes (SALT…

IRS Agents Tighten the Thumb Screws on R&D Credit

USA - September 14 2021 Recent taxpayer experiences suggest that IRS agents are becoming more aggressive in denying taxpayer claims of research and development tax credits…

Success-Based Fees: Elect the Safe Harbor or Document Thoroughly

USA - August 13 2021 When taxpayers pay fees contingent on the successful closing of certain “covered transactions,” including, for example, taxable acquisitions of…

Coronavirus Tax Relief: Treatment of Amounts Paid to Section 170(c) Organizations under Employer Leave-based Donation Programs to Aid Victims of the COVID-19 Pandemic

USA - July 28 2021 The Department of the Treasury and the Internal Revenue Service have extended the treatment provided in Notice 2020-46 to leave-based donation…

Tax Changes Under the Ohio Fiscal Year 2022-23 Budget Bill

USA - July 16 2021 Ohio Governor Mike DeWine recently signed the fiscal year 2022-23 budget bill, which contains several tax provisions and changes that will affect…

Tax Credits Available for Employers Granting Paid Leave Related to COVID-19 Vaccinations

USA - June 11 2021 The American Rescue Plan Act of 2021 (ARP) allows certain businesses (generally, employers with fewer than 500 employees and non-federal governmental…

Release of the 2021 Canadian budget

Canada - April 30 2021 On April 19, 2021, Canada's Deputy Prime Minister and Minister of Finance, Chrystia Freeland, released the first official budget in the past two…

Tax Treatment of Unemployment Benefits

USA - April 23 2021 The federal American Rescue Plan Act signed by President Biden in March 2021 provides that up to $10,200 of state unemployment benefits received by…