Learn more about Grant Thornton's privacy policy. Topics covered include notice, choice use; cookies and similar technologies; disclosures and transfers; third party sites; data security; data integrity; access and correction; enforcement and dispute resolution; merger, change in ownership and other business transitions; privacy statement changes; minors; and how to contact us.

Jan 28, 2019

On Dec. 31, 2018, the District of Columbia enacted legislation requiring certain remote sellers and marketplace facilitators to collect and remit sales taxes.

Jan 07, 2019

IRS rules now require taxpayers to use the alternative depreciation system on newly acquired and existing property after electing out of the Sec. 163(j) interest limitation.

Jul 19, 2019

Alabama passed the Alabama Incentives Modernization Act, amending the Alabama Jobs Act to expand eligibility and provide credits to high-tech companies.

Jan 07, 2019

The IRS has issued guidance (Rev. Proc. 2019-12) providing safe harbors for C corporations and “specified pass-through entities” to deduct payments made to state charitable programs when the entity receives or expects to receive certain state or local tax credits for an entity-level tax. Businesses meeting the safe harbor requirements may treat the payments as an ordinary and necessary business expense for the purposes of Section 162(a) to the extent of the credit received or expected to be received.

Jan 08, 2019

The IRS recently released proposed regulations (REG-104352-18) implementing anti-hybrid provisions enacted by the Tax Cuts and Jobs Act (TCJA). The regulations exercise a broad grant of authority provided under Sections 267A and 245A(e) to implement far-reaching rules targeting hybrid dividends, hybrid transactions and other transactions with hybrid entities.

Jul 17, 2019

Florida enacted legislation adopting the version of the Internal Revenue Code, in effect as of Jan. 1, 2019, and addressing Florida’s treatment of Global Intangible Low-Taxed Income (GILTI).

Aug 19, 2019

The IRS released proposed regulations providing guidance that would classify many types of cloud transactions as a provision of a service, rather than a lease of property, and modify the rules for classifying computer programs.