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Nov 17, 2016 10:00:00 AM

Biggest Takeaways from Trump's Tax Plan

After one of the most memorable and acrimonious presidential campaigns in American history, Donald Trump stunned observers by defeating Hillary Clinton to be elected the 45th President of the United States. Additionally, the Republican Party maintained control of both the House and the Senate.

This combination will give Mr. Trump and a Republican Congress a unique opportunity to shape many areas of policy, such as health care, regulatory reform, defense spending, immigration and more. However, near the top of that list will almost certainly be taxes. 

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Topics: Tax, Trump

Sep 22, 2016 11:30:00 AM

Prepare Your State Tax Audit Team Like a Winning Football Team

I was thinking the other day how similar football and state tax audits are. Stay with me here.

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Topics: Audit, Tax, Preparation

Aug 25, 2016 10:30:00 AM

Can You Read the Road Signs on the State Tax Highway?

During a recent trip driving to a tax conference, I found myself in a location where cell phone coverage was non-existent. I was depending on the map app on my phone to navigate the back roads for a shortcut to my destination, and no coverage meant I was on my own to find the way. Thinking I could just find the road sign to my next turn proved to be a really bad idea.

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Topics: Tax, State and Local Tax

Mar 24, 2016 11:00:00 AM

MS Supreme Court Ruling Changes Contractor Tax Exposure

A ruling last week from the Mississippi Supreme Court has fundamentally changed who is responsible for ensuring that construction materials taxes are calculated properly in commercial, non-residential construction contracts. The status of the project as being for a private company or governmental entity has no bearing on this responsibility. 

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Topics: Tax, MPC, State and Local Tax, Construction

Jan 21, 2016 11:00:00 AM

Is Incorporating in Delaware Right for You?

It seems like a simple question – should you incorporate in Delaware? Not very many years ago it was a simple affirmative answer. Many companies chose to incorporate in Delaware because of the unique advantages that Delaware offers, such as:

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Topics: Tax, Incorportation

Jan 14, 2016 10:00:00 AM

Tax Extenders – The Gift that Keeps on Giving

In the waning days of 2015, Santa stopped by the U.S. Capitol, loaded his sleigh with goodies and delivered them to taxpayers from coast-to-coast.

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Topics: Tax

Oct 9, 2015 1:00:00 PM

Tax Changes Coming

In my July blog, I wrote about the likelihood of meaningful tax reform, possibly in 2017. The premise was that such an undertaking is long overdue, and the context was that political reality still will make it exceedingly difficult to accomplish.

In this blog, I want to discuss a few specifics that may be a part of such an effort; however, before that, I want to touch on changes that may occur in the balance of 2015 or in 2016. 

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Topics: Tax, Tax Planning

Jul 16, 2015 2:00:00 PM

Is Meaningful Tax Reform Coming?

It has been 29 years since the last major rewrite of the Internal Revenue Code.  That effort in 1986 was preceded by one in 1954, a 32-year interval.  If we are to see another one, it could happen in 2017 or 2018, interestingly also nearly an identical interval. A number of variables must align, however, or we will simply continue with the current patchwork of last minute, year-end changes that drive both taxpayers and practitioners crazy.

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Topics: Tax