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Tax Law Defined® Blog Blog

Articles: 1-10 of 241

Revisions to Statute Governing Centralized Municipal Business Tax Collections to Take Effect for Tax Year 2022

USA - January 7 2022 The Ohio General Assembly passed House Bill 228, which will change the way municipal net profits taxes are collected beginning January 1, 2022. The…

Kentucky Tax Amnesty on the Horizon in 2022

USA - January 6 2022 House Bill 176, introduced by Rep. Ken Fleming (R) on the first day of the 2022 Kentucky Legislative Session, proposes a tax amnesty period in the…

Barrel of SALT Benefits & Incentives for the Bourbon, Beer and Other Alcoholic Beverages Industry

USA - December 14 2021 Being from Kentucky, there are few things we know (or do) better than bourbon. Virtually from birth, you are ingrained with the most important facts…

Ohio Tax Talk: Property Tax Bill May Affect School Revenues

USA - December 1 2021 Ohio H.B. 126, which proposes to modify the process for challenging real property tax valuation at the county board of revision, or BOR, level, was…

Planning for the Potential Reduction in Section 1202’s Gain Exclusion

USA - November 3 2021 On September 13, 2021, legislation emerged from the House Ways and Means Committee that included an unexpected amendment to Section 1202, reducing its…

The Long and Winding Road: The DOL’s Proposed Rule on ESG Factors and the Exercise of Shareholder Rights

USA - October 27 2021 On October 13, 2021, the Department of Labor (DOL) released its proposed “Prudence and Loyalty in Selecting Plan Investments and Exercising…

What to Consider When a Nonprofit Enters the Cryptocurrency Arena

USA - October 26 2021 In our previous articles, we have considered various reporting and tax implications associated with dealings in cryptocurrency; particularly, in…

ACED Out of the Parking Lot? Proposed Limits to Use of DAFs

USA - October 21 2021 In June, Senators Charles Grassley and Angus King introduced the Accelerating Charitable Efforts Act - known as the ACE Act. The ACE Act is intended…

Tax Distributions for Pass-Through Entity Owners

USA - October 14 2021 Tax distributions provided for in a shareholder agreement of an S Corporation or in an operating agreement or partnership agreement of an entity taxed…

Ohio Tax Talk: Ohio’s Bite of Apple Turns Out To Be Sour

USA - October 12 2021 With a market cap of $2.4 trillion and revenue of $275 billion in 2020, Apple, Inc. (“Apple”) is unquestionably one of the world’s most valuable and…