The U.S. Supreme Court recently ruled in favor of taxpayers in Comptroller v. Wynne. Mr. and Mrs. Wynne, both Maryland residents, were shareholders in an S corporation that conducted business in close to 40 states. In filing their 2006 Maryland income tax return, the Wynnes claimed a credit for taxes paid to other states. Maryland’s

Last night, the House voted 274-145 in favor of a bill that would permanently extend and expand the federal Research and Development (R&D) Tax Credit. The bill now advances to the Senate, and it is unclear if and when the Senate will consider the House bill at this time. If the bill were to pass

Officials with the IRS and the Department of Justice (DOJ) recently announced that criminal investigations will increasingly focus on employment tax. As part of the Tax Increase Prevention Act of 2014, the IRS established a voluntary certification program for professional employer organizations (PEO). Many wonder whether the IRS’ increased focus on employment tax will give

King v. Burwell The Supreme Court recently heard oral arguments in King v. Burwell. Along with the same sex marriage case, this is the most important case the court will decide this year. Depending on the outcome, the court could change the future course of Obamacare. To quickly review the legal issues, section 36B of

This IRS Notice provides information regarding limited penalty relief for taxpayers who received a Form 1095-A Health Insurance Marketplace Statement that was incorrect or delayed and who timely filed their 2014 income tax return, including extensions. This relief applies only for the 2014 taxable year. On February 20, 2015, the Centers for Medicare and Medicaid

Here in Washington, D.C. there has not been any significant action by Congress regarding renewing tax extenders or actual steps toward tax reform. The Senate Finance Committee has focused its attention on bipartisan “Working Groups” to seek feedback and input from stakeholders in how to best reform the federal tax code, and this month the

Senators Ron Wyden (D-OR) and John Hoeven (R-ND) recently introduced a bill designed to increase infrastructure investment through the expansion of private activity bonds and the creation of a new infrastructure tax credit. The Move America Act of 2015 would grant states the authority to raise up to $180 million in tax exempt bonds and