Tag: Revenue

Tax Code, Regulations and Guidance

Petition Filed to Add Cellulose Acetate to List of Chemical Substances Subject to Superfund Excise Tax

March 21, 2023

Via: National Law Review

The Internal Revenue Service (IRS) announced on March 16, 2023, that it received a petition requesting that cellulose acetate (degree of substitution (DS) = 1.5-2.0) be added to the list of taxable substances under Section 4672(a) of the Internal Revenue […]

Tax Code, Regulations and Guidance

Comprehensive Tax Allocation Definition

July 14, 2021

Via: Investopedia

Understanding Comprehensive Tax Allocation The income and expenses a company reports in its own books versus its tax filings often differ because there are tax advantages to accelerating or delaying certain transactions on paper. For example, a company may internally […]

Business Law & Regulations, Finance

Law firms in Am Law Second Hundred saw gross revenue increase slightly; which virtual firm cracked the list?

May 21, 2021

Via: ABA Journal

The law firms ranked 101 to 200 for gross revenue had a respectable year in 2020, but their numbers are still well below law firms in the top 100, according to results published this week by the American Lawyer. Gross […]

Tax Code, Regulations and Guidance

Kansas Issues Sales Tax Guidance on Digital Currency

November 20, 2020

Via: National Law Review

Only a few states have issued guidance on the sales tax treatment of digital currency transactions. On November 2, 2020, Kansas joined this group, with Notice 20-04, Sales Tax Requirements Concerning Digital Currency Under the Retailers’ Sales and Compensating Tax […]